David Stott Building Discussion

**swingline** · May-04-11, 08:59 AM

$11 million purchase price is absurdly, comically high. $111 million looks like a nice figure. Why not list it for that price? Sheesh. Why do flippers/speculators play such games? Just asking.

**Planner3357** · May-04-11, 09:08 AM

Originally Posted by swingline

$11 million purchase price is absurdly, comically high. $111 million looks like a nice figure. Why not list it for that price? Sheesh. Why do flippers/speculators play such games? Just asking.

What would be a reasonable asking price? What is the building even worth?

**drjeff** · May-04-11, 09:24 AM

Originally Posted by swingline

$11 million purchase price is absurdly, comically high. $111 million looks like a nice figure. Why not list it for that price? Sheesh. Why do flippers/speculators play such games? Just asking.

Considering there are houses in the suburbs on the market for 4 or 5 million, 11 million for a skyscraper in the heart of downtown sounds like a pretty damn good deal to me. I Stott is not a ravaged shell like the Broderick- it's still a viable building.

bartock · May-04-11, 10:01 AM

Originally Posted by drjeff

Considering there are houses in the suburbs on the market for 4 or 5 million, 11 million for a skyscraper in the heart of downtown sounds like a pretty damn good deal to me. I Stott is not a ravaged shell like the Broderick- it's still a viable building.

The two are not in the least bit comparable.