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Sale at 39 East 12th Street #510/511

Started by 300_mercer
over 14 years ago
Posts: 10723
Member since: Feb 2007
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.
Response by jakedavid
over 14 years ago
Posts: 126
Member since: May 2010

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

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Response by 300_mercer
about 14 years ago
Posts: 10723
Member since: Feb 2007

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.

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Response by kylewest
about 14 years ago
Posts: 4455
Member since: Aug 2007

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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Response by Brooks2
about 14 years ago
Posts: 2970
Member since: Aug 2011

This guy trying to scalp someone for a buckfifty after a few years, I'd say good luck. Village is a strong market, but we are seeing "prime" RE shrink in manhattan.. many more areas succumbing to the fall. I am going to get my popcorn out and watch-- should be interesting to see if any of these guys can make $
http://streeteasy.com/nyc/sale/667484-coop-39-east-12th-street-greenwich-village-new-york

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Response by 300_mercer
about 14 years ago
Posts: 10723
Member since: Feb 2007

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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Response by 300_mercer
about 14 years ago
Posts: 10723
Member since: Feb 2007
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