He also bought 32H a few months later. Total for 32G and 32H was $2.25M. Mortgages total $1.8M. ARM at 6.775%, resetting 2011.

This June, switched title to the two from himself to self-and-wife LLC.

There's a great 2005 "Manhattan's Hot!" story in the paper -- http://query.nytimes.com/gst/fullpage.html?res=9B06EEDE103FF930A35757C0A9639C8B63 -- where this buyer said he liked the Orion's proximity to the Port Authority bus terminal.

There's more! He's a poker player, and also sprung for one of those condos behind the MGM Grand: http://lasvegas.blockshopper.com/property/16221316400/135_harmon_avenue/

Thanks, NWT. Interesting stuff.

420 East 64th Street #7ABC (Royal York): This well-executed 3BR/3BA combination finally cut through the building's inventory glut.
02/21/2008 Listed in StreetEasy by Royalton Realty at $2,800,000.
08/29/2008 Listed in StreetEasy by Halstead Property at $2,375,000.
09/02/2008 Royalton Realty Listing is no longer available. Last priced at $2,500,000.
11/24/2008 Delisted temporarily.
01/12/2009 Re-listed by Halstead Property.
01/12/2009 Price decreased by 3% to $2,295,000.
02/06/2009 Price decreased by 4% to $2,195,000.
04/23/2009 Price decreased by 9% to $1,999,000.
08/20/2009 Listing entered contract.
10/13/2009 Sale recorded for $1,825,000.

Just dawned on me, the poker boom overlapped the RE bubble. *There's* where some of that HELOC money went! Per my father, the easy-pickin's fish are gone and it's back to the old regulars now....

Holy crap, NWT: $1000+ a sq ft in the middle of the desert? I've now seen it all.

Great investigative reporting, giving West81st a run for his money...

1111 Park Avenue 2A. Sold for 43% less than original ask. Heard that this apartment had been in contract for $3.45 in '08 but cant confirm

03/14/2008Previously Listed in StreetEasy by Sotheby's International Realty, Inc. at $3,950,000.
04/18/2009Sotheby's International Realty, Inc. Listing is no longer available. Last priced at $3,500,000.
05/22/2009Listed in StreetEasy by Sotheby's International Realty, Inc. at $2,495,000.
06/17/2009Listing entered contract.
09/10/2009Listing sold.
09/10/2009Sale recorded for $2,225,000.
10/16/2009Listing sold.

410 Central Park West #6DE: Awkward, rear-facing 3BR combination closed for $920K, 38.5% below the original January 2009 ask. Judging by prior sales, that's a 2004 price for the "D" and "E" units separately, with no bonus for combining them.
01/06/2009 Listed in StreetEasy by Prudential Elliman at $1,495,000.
01/27/2009 Price decreased by 6% to $1,400,000.
01/28/2009 Price decreased by 0% to $1,395,000.
02/02/2009 Price decreased by 7% to $1,295,000.
02/11/2009 Price decreased by 8% to $1,195,000.
02/23/2009 Price decreased by 4% to $1,150,000.
03/04/2009 Price decreased by 9% to $1,050,000.
04/14/2009 Price decreased by 5% to $995,000.
06/16/2009 Price decreased by 2% to $975,000.
06/24/2009 Listing entered contract.
10/13/2009 Sale recorded for $920,000.
http://www.streeteasy.com/nyc/building/410-central-park-west-manhattan

So then, given that things at 15 CPW are selling nicely,(that $21 million PH) are the recent sales at 1CPW (#25A and #25B) (obviously not in the same neighborhood as far as comps but geographically close) )considered price choppers/successful lowballs? Is it strange that two apts next to each other both sold significantly lower than asking price?

CHOP CHOP CHOP
http://www.streeteasy.com/nyc/sale/387341-coop-315-east-69th-street-lenox-hill-new-york
09/05/2007 Previously Listed in StreetEasy by Halstead Property at $2,495,000.
02/06/2009 Halstead Property Listing is no longer available. Last priced at $2,100,000.
02/27/2009 Listed in StreetEasy by Prudential Elliman at $1,895,000.
07/17/2009 Price decreased by 11% to $1,695,000.
10/19/2009 Price decreased by 9% to $1,550,000.
Here we see the ask just 50K above the sale price on 09/14/2004 #PH-C $1,500,000
They have yet to unload this property even though they are plainly willing to turn the clock back.
w67...if you're out there....here we go!!!! You've been calling for some old fashioned pricing and here we are. 2003 could not be fair behind!
Love the sound of price cuts in the morning....CHOP CHOP CHOP....it sounds like............ Victory!
Some day.....my young lieutenant....this correction is going to end

charlie don"t surf!!!

Charlie? I don't get that. But my son has the cough from hell and it rears it's ugly head at midnite to 3 am, i'm busting my nuts to make sure my wife gets her rest before the big marathon. Let's just say I'd take sleep over sex at moment.

Falco, thatz what I'm talking about. 2003 prices perks my ears, 2001 prices will make me do the involuntary dog hind leg scratch and 1999 prices will make me dry hump the guest on the living room. Woooof! Wooof!

i'm looking forward to 1999ish prices but i don't know if i want to be partying with w67th when they're announced.

w67thStreet and AboutReady -- Having just returned to NYC after decades elsewhere, I'm delighted to hear your predictions. But when do you think those 1999ish prices are going to arrive? And what's the trigger?

wagner...my boys love it and it scares the hell out of the slopes

67 come on! " CHOP CHOP CHOP....it sounds like............ Victory!"....vague reference to Apocalypse Now?

The smell, you know that gasoline smell, the whole hill. Smelled like
[sniffing, pondering]
Victory. Someday this war's gonna end...

slopes, marco?...please explain

815 Park

08/26/2008Listed in StreetEasy by Brown Harris Stevens at $3,300,000.
10/23/2008Price decreased by 4% to $3,175,000.
11/13/2008Price decreased by 8% to $2,925,000.
06/04/2009Price decreased by 8% to $2,700,000.
06/26/2009Listing is no longer available.
10/02/2009Listing entered contract.
10/19/2009Delisted temporarily.
10/19/2009Sale recorded for $2,450,000.

'wagner...my boys love it and it scares the hell out of the slopes'
I believe it's a quote from the same movie.
Robert Duval explains the music during an attack on a N. Vietnam strong hold.

Just a little bit-o-americana

or I might be wrong and it has something to do with the folks in Park Slope.
If Brooklyn don't scare you......... nothing will.
Boo........... Happy Halloween
PC POLICE

43 Clarkson, PH
West Village

Down 50% in 14 months:

09/18/2008 - Previously Listed in StreetEasy by Brown Harris Stevens at $9,950,000.
05/01/2009 - Brown Harris Stevens Listing is no longer available. Last priced at $7,750,000.
05/15/2009 - Listed in StreetEasy by Corcoran at $7,000,000.
06/25/2009 - Price decreased by 14% to $6,000,000.
09/15/2009 - Price decreased by 8% to $5,500,000.
10/08/2009 - Price decreased by 9% to $5,000,000.
10/31/2009 - Listing entered contract.

No response to my post so I will humbly repeat it: So then, given that things at 15 CPW are selling nicely,(that $21 million PH) are the recent sales at 1CPW (#25A and #25B) (obviously not in the same neighborhood as far as comps but geographically close) )considered price choppers/successful lowballs? Is it strange that two apts next to each other both sold significantly lower than asking price?

7 West 96th street, Apt 18A/19A. Duplex with huge terrace overlooking central park.
http://www.streeteasy.com/nyc/sale/414404-coop-7-west-96th-street-upper-west-side-new-york

05/19/2009-Listed in StreetEasy by William B. May at $3,550,000.
07/31/2009- Price decreased by 8% to $3,250,000.
10/30/2009-Price decreased by 9% to $2,950,000.

2-family townhouse, sold for $4.7mm. listed as 7000 sf, but floor sizes semm to shift around in the listing quite a bit.

http://www.streeteasy.com/nyc/sale/91655-multi-83-east-2nd-street-east-village-new-york
06/13/2007 Listed in StreetEasy by Prudential Elliman at $8,400,000.
07/11/2007 Listing is no longer available.
12/27/2007 Re-listed by Prudential Elliman.
01/09/2008 Price decreased by 11% to $7,500,000.
02/14/2008 Price decreased by 2% to $7,325,000.
03/31/2008 Price decreased by 4% to $7,000,000.
04/24/2008 Price decreased by 4% to $6,750,000.
05/13/2008 Price decreased by 1% to $6,650,000.
06/04/2008 Price decreased by 2% to $6,500,000.
09/27/2008 Listing is no longer available.
12/09/2008 Later Listed in StreetEasy by Corcoran at $6,500,000.
10/02/2009 Corcoran Listing is no longer available. Last priced at $4,995,000.

if that was 2 east 83 st that would be pretty sexy

it's still HOT. but the following is sexier.

This sold for $2,572,499. "Spectacular Triplex Condominium Loft in Tribeca with 3300sf of interior space and 500+sf outdoor terrace." i believe it is both of the following listings, one 5/6S and the other PH. there's also a listing for just 5S. it's hard to tell, because some have pictures of a clearly renovated unit, and the PH listing discusses raw space. looks like something didn't get accomplished. for a $6mm reduction you could do some mighty fine renovating.

http://www.streeteasy.com/nyc/sale/386026-condo-16-desbrosses-st-tribeca-new-york
02/20/2009 Listed in StreetEasy by Prudential Elliman at $5,300,000.
03/31/2009 Listing is no longer available.

http://www.streeteasy.com/nyc/sale/359740-condo-16-desbrosses-street-tribeca-new-york
02/23/2008 Later Listed in StreetEasy by Halstead Property at $8,995,000.
10/24/2008 Listed in StreetEasy by Halstead Property at $4,850,000.
02/03/2009 Price decreased by 19% to $3,950,000.
02/27/2009 Listing is no longer available.
03/07/2009 Re-listed by Halstead Property.
03/10/2009 Price decreased by 24% to $2,995,000.
05/05/2009 Listing entered contract.
07/07/2009 Halstead Property Listing is no longer available. Last priced at $8,575,000.
10/25/2009 Listing sold.

i think i was wrong. i think 5/6s was renovated. PH may be 5/6n. not that it much matters.

AR look at this: 03/31/2009 #56S - $5,300,000 3 beds 3.5 baths 3,324 ft²
Active listing 16 Desbrosses Street #5S 3 beds 3,175 ft² $6,500,000
Sale on 10/20/2009 #5/6S $2,572,499
what could have sold?

falco, i'll have to look that up. a mess all around. somebody with greater patience with ACRIS who enjoys a good puzzle could have fun with that address.

here's a new one, a developer-directed auction. i don't know the details, but the opening bid is very low. 9C closed for $1,428,010 10/06. 16C and 14C closed fall '07 for $1.45mm and $1.3mm. listing says it's the last sponsor unit available. even if it were to go for the last listing price it would be a fair reduction from 2006.

http://www.streeteasy.com/nyc/sale/478386-condop-110-central-park-south-central-park-south-new-york
04/24/2008 Previously Listed in StreetEasy by Corcoran at $1,500,000.
10/07/2009 Corcoran Listing is no longer available. Last priced at $995,000.
11/12/2009 Listed in StreetEasy by David R. Maltz & Co. at $500,000.

AR- look at the CC charges, even if the unit sells at the opening bid, your monthly cost is over $5500 the rental in the area is $1000 less why would you buy this? The building is nothing special, boutique building, and the monthlies are steep.

dledven, this is a chop thread, not a should you buy thread. the other similar units all sold for over a million, and this is presented at least at $500k.

i wouldn't touch it. but CPS has never held any appeal for me, rent or buy.

239 Central Park West #5C: Large, renovated, rear-facing six in a second-tier CPW co-op that soared during the bubble and struggled during the downturn.
07/28/2007 Listed in StreetEasy by Prudential Elliman at $3,300,000.
10/22/2007 Listing is no longer available.
10/05/2009 Listed in StreetEasy by Brown Harris Stevens at $1,950,000.
11/16/2009 Price decreased by 5% to $1,850,000.

The 2007 joint offering of #4C and #5C for $6.6MM is one of the stranger artifacts of the bubble. #4C, which was the lesser of the two apartments, closed for $1.7MM on 7/1/09.

...and 3C is in contract with a listed asking price of less than that...

Nice one west...yeah I heard the siren call of the duplex trades at 1+1=5 trade... all the time... at least the Bubble was good for laughs..now I've got a million stories to tell my grandkids.

IMHO, thatz a GINSU CHOP!!!!

Nan: Turns out your #4C sale was better than we thought, even if it closed for half of Elliman's original ask.

http://www.streeteasy.com/nyc/sale/157516-condo-303-greenwich-street-tribeca-new-york

This doesn't quite qualify as a chopper, unless we're counting post-closing choppers. As I'm not an insider my information is only partial, but it looks to me like someone really took a bath on this place. Listed for $980k in November '07(love the broker spiel, which clearly worked: "One Bedroom Tribeca Apartment for under a MILLION!!!") and closed March 2008, presumably for close to ask. Went back on the market a year later for $850k, taken off the market and relisted for $799k and then $699k. Finally sold for $650k in September '09. It also seems to gain and lose 52 square feet in the process. Assuming the '08 buyer paid close to ask, that's $300k vaporized. Ouch!

Would love to know the story on this place if anyone else has info.

Atelier 635 west 42nd street. #10M

Listed at $805k

Closed at $655k on 11/02/09

this really should be on the downtown comps thread. but doing comps in this building gives me a headache, so chop it is. good low ball candidate as well.

http://www.streeteasy.com/nyc/sale/344765-20-pine-street-financial-district-new-york
08/27/2008 Listed in StreetEasy by The Collection at $630,000.
04/25/2009 Listing is no longer available.
07/31/2009 Re-listed by The Collection.
10/24/2009 Listing entered contract.
11/12/2009 Sale recorded for $461,300.
11/15/2009 Listing is no longer available.

three units have actually closed in loft14. the PH, listed as res10, closed recently for $1.9mm.

http://www.streeteasy.com/nyc/sale/406717-condo-135-west-14th-street-chelsea-new-york
02/14/2008 Later Listed in StreetEasy, already in contract, by CORE at $2,900,000.
04/24/2009 Listed in StreetEasy by Prudential Elliman at $2,750,000.
04/25/2009 Listing is no longer available.
05/10/2009 Re-listed by Prudential Elliman.
09/22/2009 Price decreased by 16% to $2,300,000.
10/02/2009 Listing entered contract.
11/02/2009 Delisted by CORE. Last priced at $2,750,000.
11/05/2009 Listing is no longer available.

308 East 79th Street #PHW: Large six with huge terrace. Closed 43.5% below original ask.
05/01/2008 Listed in StreetEasy by Prudential Elliman at $3,495,000.
06/10/2008 Price decreased by 6% to $3,295,000.
09/09/2008 Price decreased by 6% to $3,095,000.
09/26/2008 Price decreased by 3% to $2,995,000.
11/07/2008 Price decreased by 7% to $2,795,000.
11/07/2008 Listing entered contract.
12/24/2008 Re-listed by Prudential Elliman.
02/27/2009 Price decreased by 7% to $2,595,000.
04/10/2009 Price decreased by 8% to $2,395,000.
06/24/2009 Price decreased by 8% to $2,195,000.
07/22/2009 Later Listed in StreetEasy by Brown Harris Stevens at $2,195,000.
08/19/2009 Listing entered contract.
11/10/2009 Sale recorded for $1,975,000.
http://www.streeteasy.com/nyc/sale/228314-coop-308-east-79th-street-upper-east-side-new-york
http://www.streeteasy.com/nyc/sale/439260-coop-308-east-79th-street-upper-east-side-new-york

320 Central Park West #6DE. Unusual 2BR/2BA at the Ardsley. Closed on 9/30 for $1.03MM, 43.7% below original 2008 ask, after two broker changes. ACRIS posting was delayed by several weeks.
03/07/2008 Listed by Corcoran at $1,830,000.
03/14/2008 Price decreased by 10% to $1,650,000.
07/28/2008 Price decreased by 3% to $1,595,000.
07/28/2008 Listing is no longer available.
08/10/2008 Re-listed by Corcoran.
08/20/2008 Delisted temporarily.
09/04/2008 Re-listed by Corcoran.
10/09/2008 Price decreased by 11% to $1,425,000.
10/26/2008 Corcoran Listing is no longer available. Last priced at $1,425,000.
11/07/2008 Listed by Brown Harris Stevens at $1,399,000.
02/04/2009 Price decreased by 9% to $1,275,000.
03/19/2009 Delisted temporarily by Brown Harris Stevens. Last priced at $1,275,000.
04/01/2009 Listed by Prudential Elliman at $1,195,000.
06/16/2009 Price decreased by 8% to $1,100,000.
07/14/2009 Listing entered contract.
09/30/2009 Sale recorded for $1,030,000.

50 Pine Street #11N

http://www.streeteasy.com/nyc/sale/360621-condo-50-pine-street-financial-district-new-york

10/29/2008Listed by Prudential Elliman at $1,750,000.
12/01/2008Price decreased by 3% to $1,695,000.
01/27/2009Price decreased by 6% to $1,595,000.
03/11/2009Price decreased by 9% to $1,450,000.
04/25/2009Listing is no longer available.
05/04/2009Re-listed by Prudential Elliman.
07/13/2009Price decreased by 4% to $1,399,000.
08/06/2009Listing entered contract.
10/28/2009Listing sold.
10/28/2009Sale recorded for $1,246,000

Apt_Boy - and don't forget the same unit previous sale. 29% below early 2006 is notable even in the midst of the train wreck that is Fidi. This would be worth posting on downtown comps as well.

04/07/2006 Previous Sale recorded for $1,751,000.

515 West End Avenue #4D: This light-challenged six was never as egregiously overpriced as many of the listings in this thread, and the 36% discount off original ask is hardly newsworthy. The striking thing about this was the way it tracked the market for over a year and a half, always staying just far enough behind to remain unsold.
01/17/2008 Listed by Stribling at $2,395,000.
02/13/2008 Price decreased by 4% to $2,295,000.
03/26/2008 Price decreased by 5% to $2,175,000.
05/01/2008 Price decreased by 5% to $2,075,000.
09/08/2008 Price decreased by 4% to $1,995,000.
10/02/2008 Price decreased by 5% to $1,900,000.
11/24/2008 Price decreased by 3% to $1,850,000.
05/05/2009 Price decreased by 5% to $1,750,000.
05/14/2009 Price decreased by 3% to $1,700,000.
08/08/2009 Listing entered contract.
11/12/2009 Sale recorded for $1,536,450.
http://www.streeteasy.com/nyc/sale/167396-coop-515-west-end-avenue-upper-west-side-new-york