Apartments are large with spacious closets. Building is getting an attractive makeover with new elevator, lobby, hallway, and proposed gym and roof garden. Noise is not an issue as the windows seal out heavy traffic, even at 5 pm. Only if one revs up a Harley motorcycle can one then hear noise. With 57 street in a renaissance..excell one, whole foods, lux stores makes this building well situated. Lobby garden is beautiful. As families stay in manhattan, this building will certainly appeal to this market. New owners will likely renovate to taste. Realize some sellers may have designs and color schemes that are special to certain tastes. Thus some sales prices may try to recapture past renovations. Hence a trade off on price and renovation costs make a buy decision, as is true for all coops. staff is very friendly with always two doormen. In house garage is a plus for some and laundry room is very spacious for multiple loads. Still some may wish to do single loads in apartments as some apartments have washer/dryer. This building is a hidden gem, IMO. Given rising rents in city, this building offers a good theoretical cash on cash return. Utilities are all included. Only drawback is lingering recession and for some getting a mortgage. All cash deals are easily a no brainier.

200 east 57 one year later...About one year later from the march 2012 comments, the real estate market has firmed with rising prices and there is a shortage of inventory. 200 east 57 has seen good sales numbers and prices. Some recent sales have had upscale renovations that should firm the building's apartment prices further. As of mid march 2013 there is only one apartment on the market. The renovations are in full swing as floors are being remodeled and the gym is finished. Maintenance has not been increased as there are adequate capital expenditure funds. Whole Foods is open and popular. Eye popping prices have been seen for the tall One 57 condo. The new Toothpick tower on park and 57 st should further enhance the appeal of 57 street. 200 east 57 has very spacious apartment sizes and attracts interest from families. With the shortage of inventory, the very strong stock market, and the continuous influx of foreign buying, apartment prices should firm even more. The bargains are perhaps gone, but there are still good values that may come on the market at 200 east 57 street. There could be quick listings and even bidding wars if the good market continues the rest of the year.