This NYC home’s price rose 54% in a week - Encore - MarketWatch

This NYC home’s price rose 54% in a week - Encore - MarketWatch

The brownstone sold in mid-February for $1.2 million, then was listed about a week later, on Feb. 21, for $1.85 million, or 54% more, according to the listing agent, Ban Leow, of Halstead Properties, in a phone interview with MarketWatch. And prospective buyers are bidding above the asking price, he added.
Granted, some improvements have been made on the property in the few days since it was purchased by the current owner, a developer—with all cash, Leow said. But perhaps the more important detail of this story is that the home was sold in an estate sale by heirs who appear to have let the property go for considerably less than market value.