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My husband is really interested in an apartment in this building; the prices seem really low to me compared to comps. Anyone know why? Is it just the 2nd Avenue construction?
Depending on which way the apartment faces, you have the possibility of facing three different constructions zones: the 69th street Ancillary building on the NW corner of 69th and Second, a new condo being erected at 234 East 70th, or Second Avenue, which is still a mess even though things have settled down slightly over the past several weeks. Maintenance in this building also tends to trend slightly higher in this building, so pricing is softer. But for those apartments which are priced even lower due to construction consideration, there is good value there considering you will have a subway entrance a block away. But do you want to deal with a construction zone for a while?
Thanks for the response Mets79; looking long term there seems to be some value.
The maintenance in this building is high, so likely a reason the apartments are priced slightly lower.