Nonwarrantable condo discount

[Jonathan Howard]

Hi All -  curious what people would expect a discount to market value to be on a nonwarrantable condo in the Boston area?  Let's assume desirable neighborhood, close to public transportation, etc but no chance of ever qualifying for standard financing.  

[Russell Brazil]

Originally posted by @Jonathan Howard:

@Charlie MacPherson  60% of the building is commercial

 It will in part be based on how other condos in the area sell. If it is in a location that they are all selling for cash, then the fact that it is nonwarrantable is a moot point.