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Why is this apt. listed at such a high price? 3P which has the same southern exposure (looking into another building on 58th St.), is larger, with brand new open kitchen contracted at 930k. This unit is configured as an office space needs an additional 75k-100k of spend to turn it into an apartment. Kitchen and bathroom are dated. What am I missing here?
You aren't missing anything. 3P faces south onto 58th street while the Q actually faces NORTH into the interior courtyard and into the other side of the building so I'm not sure where the broker is getting "streaming sunlight" from. This also has an ORIGINAL KITCHEN and basically the original baths (vanity and toilet are new by the looks of the pics) where as the P had been updated. I think that this broker is getting confused by the comps and the "home office" which is really just the walk-in closet that is original to the apartment. I saw an apt for rent that actually built out a home office and did a MUCH better job of it. I think that this broker is over reaching and is expecting the world and isn't going to get it....
8M, same size, 1.5bath (jr. 4), more sunlight, more privacy sold for 975k in April 2012, fyi.
Well aware of that comp. This broker is obviously over reaching. She's an independent broker who doesn't seem to know the market or the comps. The M and P are much better lines then the Q if only that they face 58th St rather then the courtyard which isn't much to look at. These people bought the apt 3 yrs ago, did nothing to it and want almost $300k more. Good luck to them!
Would be interested in M & P that are comparable to 3P.
I know that there is an M for rent....maybe start there?
8M sold for 975k in April 2012 (original ask was $1.1mm)
Thanks for pointing out the rental IN_THE_KNOW. 7Q is probably worth 5% - 7% less than 8M, given the lack of renovation and because it is facing the inner courtyard....where your neighbor across can stare straight at you unless the curtains up at all hours, zero privacy- it's way too close.