I’m talking the BIG one in the process of being sold, the 3559 square foot one that was listed at $2,250,000 and reduced to $1.6 — God what a STEAL for that unit on the 20th floor. (The smaller one TMZ was referring to, I think, is still waiting for a buyer. They got it all wrong!) I also hear it’s going for less than the $1.6 asking, like somewhere around $1.4 or $1.5. Of course, only the bank knows for sure, but how in the world can someone with a $25 million dollar contract end up losing so much money in such a short period of time?
This is going to bring down comps at the Azure to less than $450 a quare foot. And that makes me sad.