Tuesday, May 25, 2010

Salient Auctions: 127 Madison Avenue

Development firm Cardinal Real Estate Investments will hold an auction for several unsold units in its pet-project, 127 Madison Avenue, in June.

The developer says of the auction: “There’s going to be some discount for this transpiring in an auction format ... But the upside for us is that it happens quickly.”

Perhaps this project's unfortunate situation will discourage future developers from using those hellish slanted windows. Just sayin'.


Madison Avenue Condos Hit Auction Block, NYT

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