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SAVE    RSS Sale at 39 East 12th Street #510/511

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At what price do people think this will clear. Main drawback is that it is at the back of the building facing the back of other buildings. I had seen the original listing at $2.1mm and had told the British broker that it had to be $500K lower. Place is nicely renovated and is a spacious 2 b/r with high ceilings. I am thinking at $1.6mm which is just over $1000 per sq feet at around 1500 sq ft ex exterior walls.

Great locaion; poor light; nice space although will be difficult to make it a 2 bedroom; OK kitchen and baths; but not 1600SF....more like 1300SF. 1.2M

jd, it is 45*35 less some deductions ex the exterior wall (even though it is customary to include half the exterior walls). Def 1500 sq ft and I am very conservative in how I measure. Living room is 22 ft wide. Easy 2 b/r. Previous listing had a 2 bed layout.

Owner seems to have done a great job of creating a white elephant. Very high maintenance for a one-bedroom that would be essentially the most expensive in the building. This is good example of how most combinations don't ultimately make any financial sense. This one isn't selling anytime soon. Market of buyers looking for one-bedrooms this expensive in this type of building is very small.

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kylewest, it is combination of 1 bed and studio, easily 2 bed. In any case, where do you think it will clear.

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