ph41, what do you think causes people like your nephew & niece to go for such crappy places? Is it that they think their setup is about as good as it gets, or is it that they do not care?

I gotta imagine that 45C at 200 RSB (the $5900 w/ 1 free month that had the $1.75M comp 5 floors below, 1325 sq ft, river & distant-park views) is in the ballpark of what they are looking for. A more remote location, sure, but arguably better in most other ways than that ugly stretch of Amsterdam with fire truck sirens from the nearby station. Assuming the Tower 67 apt is a generic 900 sq ft junior 4, the 200 RSB place is at least 50% more apt and perhaps upwards of 100% more apt for just a little more.

My question is this: if shown that 45C apt, what do you think their reaction would be vis-a-vis to what they are looking to take at Tower 67?

Challenging indeed. Of the 12 SE listings for 1BR/2BA in the UWS, only one of them is above $5K. I tell people that 90% of the apts listed are overpriced crap that just sits for months, and that only 10% are worth looking at. It seems ph41's relative misunderstood the meaning of the best 10%.

"But my LL has holdings all over the city and must have a sense of what is needed to keep building rented up with little turnover."

No they don't. The rent-increase cheerleaders here know what's going on, they read it in the NY Times. The desire to believe is so large that RS authoritatively parrots the terminology in 140 RSD when even the simplest of fact-checks would have revealed the proclamation as complete nonsense. And you gotta wonder about the underlying character of a person who cannot acknowledge "Oops, my bad." Qualify it if you like, whatever, with "but I think this place is an anomaly" and maybe even back that up with -- heaven forbid -- evidence from other buildings, but to just ignore?

Ino: the way to get a rental deal (or any deal) is to be flexible with move dates and low-ball a bunch of stale listings. In real life, that doesn't work for some people.

>ino - as I said, it is NOT Tower 67. > yikes - you're being superjudgmental without knowing circumstances.

As nyc10023 pointed out, sometimes time frame/life circumstances precludes being super flexible with move date and finding the "deal". As in, living out of town, graduating from B school end of May, going to Ethiopia in June to do course work for a PHD and having a baby in August.

Because my understanding was they had to sew up the deal in a week or so. What I mean by flexible is this: you make multiple offers on multiple apts. Sit and wait to see if any come back. This process could take 2 months.

In any case, all of the apts had asks 20% above what this couple (do they know about SE?) wanted to pay. There isn't that much right now (from individual owners) with the specific postwar, doorman close to elevatored subway (that knocks out 72-96) requirements.

ph41 - best of luck to your family. i think they will enjoy the neighborhood!

Thanks uwsmom- I am sure they will

"they're gonna get ripped off this summer when they sign onto leases commanding high rents and also they're more than likely gonna have to pay full commissions out to brokers for facilitating the transaction."

If that is what we called ripped off, then what do we call paying commissions, increasing taxes, increasing maintenance, repairs... on assets that fell 20%?. Outright stolen from?

I was out having fun.

"and there's not even an indication on this page of who are you are addressing."

other than me... well, quoting the piece I was responding to?

Swallowing that hard to swallow profit pill?