Quote:
Originally Posted by Zapatan
That's insane, that could easily be 1-2 million in NY or California.
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Kind of hard to say unless you see the property in question. It could be an amazing deal (and I hope for SIGSEGV it was) but there are a number of Loop properties that are poorly located/no view/need
extensive rehab/no amenities, etc. Good for future investment, perhaps... Something for 1-2M in a nice part of LA or NYC you could expect a very turnkey 850-1050 sqft. As marothisu says, there are certainly insanely overpriced properties in NYC, but it's not like Chicago is 75% cheaper.