Sulja Bros. Building Supplies, Ltd (SLJB)

[YankeeAce]

I have been researching online and emailing realtors instead of calling. If I call I have to actually lie about being interested in buying. A simple email about their listing price isn't a lie.

I found some more details on a condo project about a block away called The Quarters. Keep in mind a condo is not a loft. No 12 to 18 foot ceiling and exposed hardwood floors and brick walls. I got a reply to my email about their prices. 1bed/1bath range from $139,900 (atrium 725 sq ft) to $214,000 (street or river view 975 sq ft). The 1bed/1.5 bath range from $165,000 to $269,000. The 2 bed/1 bath range from $215,000 to $219,000. There were 32 units for sale and now only 9 units remain for sale. BUT GET THIS...these units are sold as is. If you want them renovated that costs an additional $30,500 to $41,500 on top of the list price. ALSO, if you want a parking spot that costs an additional $18,000. I can't tell for sure but I believe the lofts come already renovated. Not sure about parking for the Ambrose Building.

$139,900 for the 1bed/1bath atrium condo + $30,500 renovation cost = $170,400

That 1bed/1bath is 725 sq ft and the Ambrose Loft that just sold for $139,000 is 1076 sq ft. So clearly the Ambrose Lofts are selling below the market value. Just for the square footage and the loft appeal these things should be selling for at least $30,000 more then a smaller condo with no view.