Wednesday, November 24, 2021

DTLA - The Only Place That's a Buyer's Market

One thing the shake up of city centers did during COVID was offer unique, first-time-on-market, and sometime bargains for prime properties. A colleague of mine nabbed two properties in the West Village of NYC, and got them for about 25% below pre-COVID prices. A few lucky buyers recently got some of the best units at Eastern Columbia, some that had hit the market for the first time. 

Collectors seem to be buying up unique units that they'd never otherwise see on the market, including rare penthouses that have been significantly upgraded. One person's loss is another one's gain, I guess.

Some of the best units on the market right now:


Eastern Columbia #202
1+1+1pkg - 1150sf - Mills Act Building! - $885k
Coldwell Banker


Elleven #408
2+2+2pkg - 1650sf - Comes with a storage unit! - $1.1M
Compass


Biscuit Lofts #412
1+1+1pkg - Faces the DTLA Skyline! - $1.199M
Douglas Elliman

Eckardt #505
1+1+1pkg - Mills Acts Building! - $545k
Guadalupe Flores


Textile Lofts - #506
1+1+1pkg - 890sf - $635k - Mill Act!
Keller Williams