This is an UBER_CHOPPER!
50 Sutton Place South #3GM
http://streeteasy.com/nyc/sale/615603-coop-50-sutton-pl-south-sutton-place-new-york
1/15/2010 Previously Listed by Brown Harris Stevens at $2,495,000.
10/04/2010 Brown Harris Stevens Listing sold. Last priced at $2,235,000.
10/04/2010 Previous Sale recorded for $2,138,750.
01/05/2011 Previously Listed by Stribling at $2,375,000.
06/12/2011 Stribling Listing is no longer available.
06/14/2011 Listed by Douglas Elliman at $2,275,000.
07/26/2011 Price decreased by 9% to $2,075,000.
09/30/2011 Price decreased by 6% to $1,950,000.
11/09/2011 Price decreased by 8% to $1,795,000.
01/04/2012 Price decreased by 6% to $1,685,000.
05/16/2012 Listing is no longer available.
05/24/2012 Listing entered contract
Where will it close it$?$?
Had to include this one here as well.

$802 psf for sutton place. Wow.

A Trump chop: 150 CPS down about a million 3
http://streeteasy.com/nyc/sale/691780-coop-150-central-park-south-central-park-south-new-york?email=true

11/01/2005
Previously Listed by Stribling at $3,950,000.
07/12/2006
Stribling Listing sold. Last priced at $3,495,000.
07/12/2006
Previous Sale recorded for $(insiders only)
02/01/2010
Previously Listed by Sotheby's International Realty, Inc. at $4,290,000.
05/30/2012
Sotheby's International Realty, Inc. Listing is no longer available. Last priced at $3,190,000.
06/25/2012
Listed by Trump at $2,999,995.

> doesn't this guy know there's a Whole foods coming. LMFAO

Hahahaha .. A WF is NOT worth paying an EXTRA $365K ? That's stupid ... a WF near by should worth at least an extra cool MILL! No ?

Brooks2: Looks like the original price on July 19th was a typo, no?

322 Central Park West #1A: Ground floor + high maintenance + 50% downpayment = a 34% drop from the original ask. The share allocation seems to reflect a professional space rather than a street-level residence; so #1A doesn't enjoy the normal ground-floor advantage of low monthlies.
02/24/2011 Listed by Metropolitan Res. Partners at $1,595,000.
05/04/2011 Price decreased by 6% to $1,495,000.
06/10/2011 Price decreased by 7% to $1,395,000.
12/20/2011 Off market temporarily.
01/24/2012 Re-listed by Metropolitan Res. Partners.
02/11/2012 Price decreased by 3% to $1,349,000.
02/23/2012 Price decreased by 5% to $1,285,000.
03/14/2012 Price decreased by 3% to $1,245,000.
04/26/2012 Listing entered contract.
07/16/2012 Sale recorded for $1,050,000.
http://streeteasy.com/nyc/sale/585805-coop-322-central-park-west-upper-west-side-new-york

@W81 - Four thousand dollars a month in maintenance!? They should cut that monster in half and rent out half of it as office space. They could even let the commercial tenant have two of the three bathrooms and it would still be livable.

There it is: w67th's $500 ppsf on CPW!

I post this only because the owners still haven't substantially dropped their price in two years! Perhaps the owners are still shooting for the $1.75 that 9C got just before the crash. But if they're not truly motivated why bother with the hassle of showing the apartment sporadically for two years? This is the broker's only listing, so I guess she's not too busy to turn away the business.

09/24/2010 Listed by Marguerite De La Poer, LLC at $2,100,000.
02/13/2011 Off market temporarily.
05/03/2011 Re-listed by Marguerite De La Poer, LLC.
05/03/2011 Price decreased by 5% to $1,995,000.
09/10/2011 Price decreased by 5% to $1,895,000.
03/18/2012 Off market temporarily.
04/18/2012 Re-listed by Marguerite De La Poer, LLC.

http://streeteasy.com/nyc/sale/556670-coop-955-lexington-avenue-lenox-hill-new-york

103 Riverside Drive: Nothing wrong with this 26-foot-wide knockout that $10MM in price cuts couldn't fix.
06/03/2010 Listed by Vandenberg at $21,500,000.
06/28/2010 Price decreased by 8% to $19,750,000.
09/17/2010 Price decreased by 16% to $16,500,000.
02/01/2011 Sale recorded for $0. (Family transfer)
02/23/2011 Listing is no longer available.
04/08/2011 Listed by Sotheby's International Realty, Inc. at $14,750,000.
11/02/2011 Price decreased by 15% to $12,500,000.
03/01/2012 Listing is no longer available. Last priced at $12,500,000.
03/19/2012 Later Listed by Brown Harris Stevens at $12,100,000.
07/31/2012 Sale recorded for $11,500,000.
http://streeteasy.com/nyc/sale/670972-townhouse-103-riverside-drive-upper-west-side-new-york

103 riverside went for 11.5MM. Kind of a big hit for such a unique property. Interestinly enough the trade was for a property at 875 Park for 14MM. 875 Park property originally listed for 17MM.
That's 2.5MM to trade to Park.
Unfortunatly the back stories on these trades are kinda sad, even in the big money families some rain must fall.

Awesome Brooklyn Heights price chop for the starter-home crowd:

http://streeteasy.com/nyc/sale/690381-coop-40-remsen-st-brooklyn-heights-brooklyn?email=true

09/23/2006 - Previously Listed by Corcoran at $675,000.
01/30/2008 - Corcoran Listing is no longer available. Last priced at $495,000.
06/16/2012 - Listed by Tom Marco Real Estate at $331,900.
06/30/2012 - Price decreased by 11% to $297,000.
07/03/2012 - Price decreased by 16% to $249,900.
08/31/2012 - Price decreased by 20% to $199,900.

Back at the peak they thought they could get nearly $700k ($1500/SF!) for a ground floor unit. But after all these chops the price is looking pretty reasonable. Is there something wrong with this building, street, or neighborhood?

no maintenance ?

A friend of mine saw this place. The maintenance is very, very high for the unit (all maintenance in this building is extremely high--not sure what's going on there) Also it's been sitting empty for years. He had a lot of concern about mold, plumbing, etc. Apparently those things are big issues in long-vacant properties.
He was told buyers aren't allowed representation and decided it was just to dicey.

@AR, Marco, W23rd - My first thought, given that it was a ground floor unit and the "no representation" part, was that there had been a break-in or some other kind of incident and that the seller had moved away and really wanted to unload the place somehow!

In the same building (linked from the building's page; SE won't allow so many links in one post), Apt. 4 looks to be about 700 SF and has $1685 maintenance; Apt. 5 is the same size or a little smaller, and has $905 maintenance. That's a huge gap, and both 4 and 5 have access to a roof deck so that can't be what makes the difference. I wonder what the story is with the maintenance.

W23, did your friend say what the maintenance in Apt. 1 was?

Apt. 7 sold for $200,000 back on 12/20/2011. Apt. 8-10 (looks like two units combined: http://streeteasy.com/nyc/building/40-remsen-street-brooklyn/floorplans) got chopped from $1.4M before selling at $930k, and was then listed immediately afterward at a $30k profit (and lost 500 square feet along the way).

And the listing for Apt. 1 has no floorplan, but SE's got one stashed away here:

http://img.streeteasy.com/nyc/image/42/2801542.jpg

Aha! ...dead body in the basement?

(I jest, of course.)

I want to say the maintenance was just under 800. It appears that the monthlies are over $2 a square foot for all the units. And the building is a ten unit walk up--no amenities. My friend said it wasn't in terrible shape...but the windows face the garbage cans, the appliances are all shot, the ceilings are very low and the hallways of the building feel run down. The seller is not involved (to my knowledge) and it is being sold by the bank. I can't figure out what's up with 7 and why it sold for 200k (unless it was foreclosed on too) and 8-10 is confusing as well. Look at the different floor plans. I can't figure out if those were combined or if they were trying to sell it as a possible combination.

Oh, and the floor plan for 1 is bogus. There is no basement space that comes with the apartment.

I can't shut up:
If you look closer you'll see #5 is in bad shape and #4 is lovely and much larger. Apartment 4 is just breathtaking (to my taste) but its priced far too high and the maintenance is a real deterrent.

the far east side seems to be the only area of the city not rebounding strongly

I can only tell you that in the buildings I've been looking at last summer (when I wasn't looking in earnest) things lingered and prices fell. This year things are selling in weeks for close to asking price. Small sample; but in my world there is a definited rebound

things moving .. yes .. folks who are buying into the "inflation" story are trying to buy before they are priced out ... okeedokee ... as to rebounding .. agree w/Brooks2 .. it's still way too early ... and I also believe we're reached peak rent in NYC ...

* [More Bank Layoffs Coming: 'Bad as I've Seen It': Whitney]

http://www.cnbc.com/id/49152630

* [Whitney: Up to 100,000 Layoffs On the Way ]

http://www.bloomberg.com/video/whitney-up-to-100-000-layoffs-on-the-way-GwondGw2RCKQIvobAX7c0Q.html

* [Manhattan Apartment Vacancies Climb as Rents Reach Record]

http://www.bloomberg.com/news/2012-09-13/manhattan-apartment-vacancy-rate-climbs-after-rents-reach-record.html

50 Central Park West #2A: A relic of the bubble finally sells, 42% below the original 2008 asking price.
02/20/2008 Listed by Brown Harris Stevens at $5,500,000.
09/29/2008 Price decreased by 10% to $4,950,000.
11/12/2008 Price decreased by 9% to $4,500,000.
12/02/2008 Price decreased by 11% to $3,995,000.
08/07/2009 Price decreased by 1% to $3,975,000.
08/18/2009 Price decreased by 6% to $3,750,000.
03/06/2010 Listing entered contract.
03/30/2010 Re-listed by Brown Harris Stevens.
02/16/2011 Listing is no longer available.
02/17/2011 Later Listed by Mercedes Berk at $3,750,000.
10/21/2011 Later Listed by Brown Harris Stevens at $3,250,000.
10/24/2011 Delisted by Mercedes Berk. Last priced at $3,200,000.
10/01/2012 Sale recorded for $3,195,000.
http://streeteasy.com/nyc/sale/184210-coop-50-central-park-west-lincoln-square-new-york

3.195 from 3.2mm must have been ego thing. good trade

33 Riverside Drive #PHC is now down 64.3% from the original ask.
07/09/2009 Listed by Sotheby's International Realty, Inc. at $4,200,000.
01/30/2010 Price decreased by 7% to $3,900,000.
04/06/2010 Price decreased by 10% to $3,495,000.
10/07/2010 Listing is no longer available.
01/31/2011 Re-listed by Sotheby's International Realty, Inc..
03/29/2011 Price decreased by 6% to $3,295,000.
06/24/2011 Price decreased by 12% to $2,895,000.
07/24/2011 Listing is no longer available.
08/13/2011 Re-listed by Sotheby's International Realty, Inc..
09/15/2011 Delisted.
12/05/2011 Listed by Brown Harris Stevens at $2,499,000.
01/10/2012 Price decreased by 8% to $2,299,000.
02/17/2012 Price decreased by 13% to $1,999,000.
05/22/2012 Price increased by 50% to $2,999,000.
08/15/2012 Listing is no longer available.
09/11/2012 Listed by Brown Harris Stevens at $1,800,000.
11/05/2012 Price decreased by 17% to $1,499,000.
http://streeteasy.com/nyc/sale/733714-coop-33-riverside-drive-upper-west-side-new-york

The Gershwin name hasn't swayed buyers, and neither did a three-year maintenance rebate. The most mind-boggling thing about this absurd listing is that the original price was set in 2009, AFTER the bubble popped.

It's all about the maintenance. Lower-floor apts have sold for high ppsf. If I were the owner, I'd try negotiating a reduction in # of shares with a one-time payment if feasible.

33 riverside #PHC
What price is fair?
All equations can be made to balance.

From 5 months ago
This is an UBER_CHOPPER!
50 Sutton Place South #3GM
http://streeteasy.com/nyc/sale/615603-coop-50-sutton-pl-south-sutton-place-new-york
1/15/2010 Previously Listed by Brown Harris Stevens at $2,495,000.
10/04/2010 Brown Harris Stevens Listing sold. Last priced at $2,235,000.
10/04/2010 Previous Sale recorded for $2,138,750.
01/05/2011 Previously Listed by Stribling at $2,375,000.
06/12/2011 Stribling Listing is no longer available.
06/14/2011 Listed by Douglas Elliman at $2,275,000.
07/26/2011 Price decreased by 9% to $2,075,000.
09/30/2011 Price decreased by 6% to $1,950,000.
11/09/2011 Price decreased by 8% to $1,795,000.
01/04/2012 Price decreased by 6% to $1,685,000.
05/16/2012 Listing is no longer available.
05/24/2012 Listing entered contract
Where will it close it$?$?
Drum roll please.........
$1,500,000.

This thread seems to have become stale after a long run.

Brooks2, thank goodness you are back. I was getting tired of Sonya_D who seemed to have racial and ethnic problems.

50 SPS 2C, in adddition to needing renovation, is actually a first floor unit due to the street grade at the rear of the building; hence the pricing.

447 East 57th Street 9-B
10/03/2007
Previously Listed by CBHK at $1,580,000.
07/01/2008
CBHK Listing is no longer available. Last priced at $1,450,000.
09/17/2008
Previously Listed by Brown Harris Stevens at $1,375,000.
06/06/2009
Brown Harris Stevens Listing sold. Last priced at $1,050,000.
05/11/2010
Previously Listed by Brown Harris Stevens at $1,295,000.
10/26/2010
Brown Harris Stevens Listing is no longer available. Last priced at $990,000.
01/18/2013
Listed by Brown Harris Stevens at $870,000.

http://streeteasy.com/nyc/talk/discussion/21746-building-at-447-east-57th-street