111 Dingletown Road has closed at $2,4190 million, down from the $2.8 paid for it in 2008, and far below its original 2017 asking price of $3.250. But that 2008 price, to me, indicated a sale to a foreign executive using corporate money — I mean, otherwise, WTF? — and title was passed to a relocation company a few months ago. I’m sure the executive’s been made whole, and the Re-Lo’s fee was set high enough to absorb any loss, so who’s complaining?
I’m a bit surprised at even this price, but maybe the new buyer is also on his company’s dime.