Sale at 245 East 93rd Street #18H

I'm a bit confused here. What is the owner/realtor trying to achieve with this pricing/increase?

Especially since 22H just went to contract after asking hundreds of thousands less, and has new kitchen/baths/floors instead of this one's old 1985 stuff.

29H closed in December for $1,300,000.

At $13k / month of taxes, sounds like a real bargain

Wow, what a rip-off?

22H was never in contract despite what was listed on Streeteasy. Unfortunately there is some misinformation. While 29H closed for $1,300,000 the deal was negotiated in the Fall. Since Jan the market has gone up significantly in this building but $1,975,000 for this apartment is out of the stratosphere.
Posting false information and claiming to have offers that don't exist does nothing for the building. You cannot manipulate the organic forces of the market with false information.

This is what separates the professionals from the rest.

Or you can rent it for $6,000/month. Hm, let's do that Rent/Buy analysis. All cash buyer, after monthlies there's $4,000 left to pocket. After $2 million purchase, $48,000 annual return (forget 3% annual increase since expenses are going up as well), straight up annual IRR after 10 years is 3%, assuming $2,100,000 sale (and not factoring in any maintenance/turnover or other costs). Ok, let's dumb it down to basic RE purchase analysis...that would be a 2.4% CAP rate.

If only the broker said "great investment opportunity!!"

NYC10007--you are assuming a $2.1 sale in 10 years but this apt is only worth about $1,350,000 right now so the market would have to go up over 50%.