This week a listing for a 900 sq ft 2 BR in the Towers for $515k caught my eye. Back in September the same unit on the first floor sold for $230k. Why the almost $300k price differential? The latter was a wreck, indeed, as these side-by-side photos show.
The recent listing caused a flurry of speculation in the Jackson Heights Life forum. Did someone "flip" that wreck? And brought up a good question: can you "flip" a co-op apartment in Jackson Heights? Not in the conventional sense, especially in a co-op.