Wyngate Rd spin cycle

7 Wyngate Road sold for $1.880 in 2019, was listed at $1.995 in August 2021 and sold via a bidding war for $2,117,087, and then put back on the market on October 27th for $2.195; it closed at that price today. The 3.7% gain in 2 months won’t cover transaction costs, but from a buyer’s perspective, it must be daunting.

Buyers are from the Lower East Side.