Neo Vertika 2 Bedroom + Den on the 29th Floor – $303,000
September 4, 2007 by Lucas Lechuga
Two Mondays ago I reported that a 2 bedroom + den loft at Neo Vertika went up for auction. The auction had a dismal turnout and the highest bid was quickly rejected by the bank.
Since that time I have submitted two offers to the bank. The bank has recently stated that they would accept an offer of $303,000 if the closing can happen by September 20, 2007. They want absolutely no contingencies, such as financing or inspections. The unit has never been lived in and comes "decorator-ready".
The loft faces south and has views of the bay and overlooks the swimming pool. The unit is on the 29th and 30th floors and has 1,255 square feet of interior space as well as a large balcony off the main floor. It has 20-foot ceilings and comes with the upgraded stainless-steel appliance package.
The lowest that a 2 bedroom at Neo Vertika of this size has sold for in 2007 is $400,000. If you, or anyone you know, would like to make an offer then please contact me. A pre-approval letter must accompany the offer.
At, $303k, I think this is a steal for that unit. Is that the Split D unit?
For those who are looking for a home rather than investment. I don’t think you can find a better deal.
Lucas,
Great site. Please update me on the status of this unit. What will happen if the bank does not receive an offer by tomorrow? Thanks.
Bj,
The unit is currently under contract and has a closing date of October, 5, 2007. My client is planning to rent it out and hold it long term but he is open to offers. Let me know if you’d like to take a look at it after he closes.
Than you Lucas. I am looking to purchase myself. This looks like a great deal I just cought it too late. Please let me know if the deal falls through. Thanks again.
how much for rent…….my offer is 1350$…please answer
Haha…I thought you were serious for a minute cristian.
THIS IS A GREAT UNIT…I AM CURENTLY IN THE MARKET AND HOPE TO END UP WITH A SIMILAR DEAL..DO U THINK THAT IF I HOLD ON I CAN FIND SOMETHING SIMILAR IN THAT BUILDING?
NEO/Epoch builders of Wind really did it bad this time. If you are under contract in the Neo Wind building, be aware that the units that were advertised as 3 bedrooms 2 baths are actually 2/2 and the units that were advertised as 2 beds 2 baths are really 1/2. Check your documents, they are delivering the plans to the city as 1/2 and 2/2 . Not 2/2 or 3/2 Try selling your unit a few years from now when you purchased a 3/2 and you can only sell it as a 2/2 or you purchased a 2/2 and you… Read more »
i read that neo wind is being foreclosed …what happens to all those people that live there now ??