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maly, i doubt they're happy.
for the following it looks as though the current owners did the renovations, but not entirely certain. either way, awfully close to a mid-2004 price.
07/26/2004Previous Sale recorded for $962,680.
03/14/2008Previously Listed by Corcoran at $1,225,000.
06/16/2008Delisted temporarily by Corcoran. Last priced at $1,145,000.
02/06/2010Listed by Prudential Elliman at $985,000.
02/24/2010Listing entered contract.
04/30/2010Listing sold.
04/30/2010Sale recorded for $985,000.
http://streeteasy.com/nyc/sale/480316-coop-13-west-13th-street-greenwich-village-new-york
05/04/2005Previous Sale recorded for $650,000.
03/18/2009Previously Listed by Bellmarc at $789,000.
11/02/2009Bellmarc Listing is no longer available. Last priced at $709,000.
11/21/2009Listed by Halstead Property at $709,000.
01/07/2010Price decreased by 1% to $699,000.
02/05/2010Listing entered contract.
04/30/2010Listing sold.
04/30/2010Sale recorded for $660,000.
new development resale.
http://streeteasy.com/nyc/sale/468125-condo-124-west-24th-street-chelsea-new-york
01/30/2007Previously Listed by Halstead Property at $1,872,000.
02/21/2008Halstead Property Listing sold.
02/21/2008Previous Sale recorded for $1,906,164.
03/05/2009Previously Listed by Prudential Elliman at $1,969,000.
08/19/2009Prudential Elliman Listing is no longer available. Last priced at $1,699,000.
10/02/2009Listed by Halstead Property at $1,600,000.
02/12/2010Listing entered contract.
03/04/2010Listing sold.
04/30/2010Sale recorded for $1,530,000.
the merc. about 11% below very early 2006 sale.
http://streeteasy.com/nyc/sale/436941-condo-252-seventh-avenue-chelsea-new-york
01/11/2006Previous Sale recorded for $1,020,000.
09/24/2008Previously Listed by Charles Rutenberg at $1,600,000.
09/26/2008Charles Rutenberg Listing is no longer available.
07/13/2009Listed in StreetEasy, but no longer available, by Prudential Elliman at $1,180,000.
07/30/2009Re-listed by Prudential Elliman.
09/25/2009Price decreased by 11% to $1,050,000.
11/07/2009Price decreased by 5% to $999,000.
02/27/2010Listing entered contract.
05/03/2010Listing sold.
05/03/2010Sale recorded for $900,000.
first sale was likely pre-construction pricing. quick, successful flip. current sale, not so much.
http://streeteasy.com/nyc/sale/360867-condo-505-greenwich-street-soho-new-york
01/12/2005Previous Sale recorded for $834,965.
03/01/2005Previous Sale recorded for $1,250,000.
10/30/2008Listed by Prudential Elliman at $1,595,000.
03/06/2009Price decreased by 13% to $1,395,000.
09/15/2009Price decreased by 4% to $1,345,000.
10/22/2009Listing is no longer available.
05/07/2010Sale recorded for $1,140,000.
another early sale in a conversion, possibly earlier contract. unit 12J, one bedroom (floorplan can be seen in listing for 11J, $538,000. which had been claiming to be the best priced unit in the building, oops).
http://streeteasy.com/nyc/sale/528939-condo-120-greenwich-street-financial-district-new-york
08/31/2006Previous Sale recorded for $587,530.
09/27/2008Previously Listed by Prudential Elliman at $599,000.
12/23/2008Prudential Elliman Listing is no longer available.
06/01/2010Listed by Corcoran at $500,000.
Aboutready: Wow. Good finds. But this one you found is especially painful : http://streeteasy.com/nyc/sale/468125-condo-124-west-24th-street-chelsea-new-york.
So with transactional costs they probably lost close to $600,000. I think there are many more of these to come. I am amazed that all the bulls continue to say the market only dropped by 20%. While this one looked like a 20% drop, I'm sure this seller is marking his loss as close to 30%. But that figure never seems to make even a footnote on the brokers' charts.
there's a lot of volume out there, and some high prices, particularly at the top end, but largely i'm still seeing weakening, even in the smaller, less expensive units. some established condo buildings are doing better than last year.
http://streeteasy.com/nyc/sale/494732-coop-210-sixth-avenue-soho-new-york
01/08/2005Previous Sale recorded for $700,000.
02/06/2010Listed by Corcoran at $675,000.
05/04/2010Listing entered contract.
AR maintenance for that unit is extremely high ($1400+ for a 1br without doorman). Is it possible that some of the decline in value is the result of larger than average maintenance increases?
liz, looking through prior listings it seems as though in 2006 mtc was slightly less than $1.5psf, which would have been high then for a non-doorman building. at some point it is true that the absolute level of mtc will just drag down the price, but i don't think the level of increase in and of itself is inconsistent with what has been happening with mtc generally.
Okay, I didn't look to see what the maintenance was in 2005 and if it was already "premium". You are ae always one step ahead of me! Just thought the current maintenance was a little ridiculous in light of other places I have seen in the Soho/W Village area with equal dearth of services.
no, you are right. at a certain point maintenance just kills sales. and it does so even if the total carrying costs still make sense. sometimes you can get a very good deal if you're willing to overlook high mtc. my first NYC purchase had what was then considered very high mtc and no doorman. 15 years later, assessment paid off, mtc is just about the same as then, and now it seems cheap.
relisting. this time at mid-2005 pricing (+$10k)
http://streeteasy.com/nyc/sale/529103-coop-208-fifth-avenue-chelsea-new-york
05/18/2005Previous Sale recorded for $1,575,000.
07/31/2008Previously Listed by Corcoran at $1,995,000.
01/27/2009Delisted temporarily by Corcoran. Last priced at $1,695,000.
06/01/2010Listed by Sotheby's International Realty, Inc. at $1,585,000.
a little stale, but i missed this earlier. unit 4E. 5E sold 01/08, one of the first few to do so, for $1,349,181. interestingly, the developers are aig global real estate and truth's love RAL.
http://streeteasy.com/nyc/sale/47293-condo-420-west-25th-street-chelsea-new-york
09/15/2006Listed by Stribling at $1,250,000.
02/28/2007Listing is no longer available.
01/08/2008Re-listed by Stribling.
01/08/2008Price increased by 16% to $1,450,000.
07/01/2009Price decreased by 16% to $1,225,000.
09/24/2009Price decreased by 5% to $1,160,000.
11/01/2009Price decreased by 14% to $995,000.
03/10/2010Listing entered contract.
04/05/2010Listing sold.
04/05/2010Sale recorded for $992,793.
26 East 10th Street (Beauclaire) #1011F: Same-unit resale of a three-bedroom duplex prewar coop. Closed 13.7% below early 2006 basis.
04/04/2006 Previous Sale recorded for $2,550,000.
09/25/2009 Listed by Prudential Elliman at $2,750,000.
10/28/2009 Price decreased by 6% to $2,595,000.
11/04/2009 Price decreased by 4% to $2,495,000.
02/13/2010 Listing entered contract.
06/03/2010 Sale recorded for $2,200,000.
http://streeteasy.com/nyc/sale/466178-coop-26-east-10th-street-greenwich-village-new-york
26 East 10th street either overpaid in 2006 and/or the 2010 listing broker didn't get a big enough number. Shouldn't have been a 350K loss imo for unique and well appointed apt such as this
realestated: The 2006 buyer/2010 seller is an astute guy from a very sophisticated family. If you want to dismisss that loss as an aberration, you're going to have to do better than "He should have bought it lower or sold it higher."
I know well who it is West 81st. Very sophisticated does not mean good with numbers. Actors and socialites don't always make the most sound financial decisions. Or take the time to understand markets. Why do you think he lost 350K, I'm curious if you have a good response.
he is also a producer -- one who is renowned as being extremely good with numbers. clearly this was market circumstances. The apartment was on the market for a while. Even after the price cut, it didn't sell immediately. Many people lost money selling over the past few years -- these threads are dedicated to those losses. This was the market speaking. Thus the loss.
"Why do you think he lost 350K, I'm curious if you have a good response."
I think he lost $350K (plus expenses) because he bought in 2006 and sold in 2010. Unless you know something special about this particular sale, I'll stick with Occam's Razor.
It could have been worse. He could have bought eighteen months later.
I bought and sold in the exact same time frame at a 25% lesser price point and made 250K.
That's great.
Please post the link to your place.
Thanks.
central village, large one bed with sleep loft.
http://streeteasy.com/nyc/sale/398963-coop-808-broadway-greenwich-village-new-york
11/02/2005Previously Listed by Corcoran at $895,000.
07/20/2006Corcoran Listing sold. Last priced at $849,000.
07/20/2006Previous Sale recorded for $849,000.
04/03/2009Listed by Corcoran at $949,000.
04/28/2009Price decreased by 5% to $899,000.
06/04/2009Price decreased by 11% to $799,000.
08/06/2009Listing is no longer available.
09/09/2009Re-listed by Corcoran.
09/09/2009Price decreased by 9% to $725,000.
11/01/2009Listing is no longer available.
02/19/2010Re-listed by Corcoran.
02/19/2010Price increased by 3% to $749,000.
03/17/2010Listing entered contract.
06/07/2010Sale recorded for $720,000.
06/08/2010Listing sold.
Clearly another case of an unsophisticated seller buying too high and selling too low.
If this had been my place I would have made at least 300,000 profit on the transaction.
New-development loft resale, 11% up from 2008 basis: http://streeteasy.com/nyc/sale/467209-condo-25-murray-tribeca-new-york
07/23/2008 Previous Sale recorded for $1,400,093. (2006 contract)
09/30/2009 Listed by Corcoran at $1,725,000.
10/06/2009 Price decreased by 2% to $1,695,000.
11/02/2009 Listing is no longer available.
02/03/2010 Re-listed by Corcoran.
02/03/2010 Price decreased by 3% to $1,649,500.
03/24/2010 Listing entered contract.
03/26/2010 Listing is no longer available.
05/05/2010 Listing entered contract.
06/01/2010 Sale recorded for $1,560,000.
Judging by discussions here from two years ago, the condo was quite a mess.
NWT, how can you tell it was a 2006 contract? Something in ACRIS?
It's on the NYS Real Property Transfer Report, scanned along with the deed.
That building is toxic. There was just a bulk sale of 18 units, I didn't do the math for all of the units but they seemed to have sold for around 25-30 percent of last listing.
Off last listing. Quite a difference.
AR: I thought it looked like a fire sale too, but check the transaction history for the two parties to that "bulk sale".
Thanks, NWT: never realized it was sitting on that form the whole time.
Awwww, please just tell us what the transaction history reveals: don't make us all have to look it up. We're too lazy.
There was weird stuff like that going on at the beaver also. this building has fail written all over it but who knows, I've been wrong or at least early here before. I thought it would die long before this.
Down 10% from 2005: http://streeteasy.com/nyc/sale/160076-coop-24-fifth-avenue-greenwich-village-new-york
08/10/2005 Previous Sale recorded for $1,300,000.
12/11/2007 Listed in StreetEasy, but temporarily delisted, by Prudential Elliman at $1,850,000.
12/18/2007 Re-listed by Prudential Elliman.
05/24/2008 Delisted temporarily.
10/16/2008 Re-listed by Prudential Elliman.
10/16/2008 Price decreased by 3% to $1,795,000.
11/20/2008 Delisted temporarily.
01/13/2009 Re-listed by Prudential Elliman.
01/27/2009 Price decreased by 8% to $1,650,000.
02/03/2009 Price decreased by 3% to $1,600,000.
02/16/2009 Listing is no longer available.
02/27/2009 Re-listed by Prudential Elliman.
08/08/2009 Price decreased by 6% to $1,499,999.
08/18/2009 Listing is no longer available.
09/10/2009 Re-listed by Prudential Elliman.
02/11/2010 Price decreased by 8% to $1,375,000.
03/09/2010 Listing is no longer available.
03/24/2010 Listing entered contract.
06/16/2010 Sale recorded for $1,175,000.
New-condo resale, down 6% from 2007: http://streeteasy.com/nyc/sale/507868-condo-130-west-19th-street-chelsea-new-york
05/18/2007 Previous Sale recorded for $1,603,743.
01/07/2009 Previously Listed by Prudential Elliman at $1,625,000.
04/09/2009 Prudential Elliman Listing is no longer available. Last priced at $1,500,000.
04/06/2010 Listed by Prudential Elliman at $1,575,000.
05/01/2010 Listing entered contract.
06/18/2010 Sale recorded for $1,510,000.
Studio with terrace, down 14% from 2005: http://streeteasy.com/nyc/sale/443325-coop-55-east-9th-street-greenwich-village-new-york
11/20/2005 Previously Listed in StreetEasy, but no longer available, by Prudential Elliman at $450,000.
02/15/2006 Previous Sale recorded for $511,000.
08/06/2009 Listed by Halstead Property at $575,000.
09/22/2009 Price decreased by 7% to $535,000.
11/13/2009 Price decreased by 7% to $499,000.
02/02/2010 Listing is no longer available.
03/25/2010 Re-listed by Halstead Property.
04/26/2010 Listing entered contract.
06/23/2010 Sale recorded for $440,000.
Down 22% from 2006: http://streeteasy.com/nyc/sale/482382-coop-65-nassau-street-financial-district-new-york
02/08/2006 Previously Listed by Prudential Elliman at $799,000.
07/13/2006 Prudential Elliman Listing sold. Last priced at $775,000.
07/13/2006 Previous Sale recorded for $740,000.
02/03/2009 Previously Listed by Brown Harris Stevens at $865,000.
09/08/2009 Brown Harris Stevens Listing is no longer available. Last priced at $760,000.
12/04/2009 Listed by Brown Harris Stevens at $695,000.
02/10/2010 Price decreased by 8% to $639,000.
03/03/2010 Price decreased by 7% to $595,000.
04/30/2010 Listing entered contract.
06/29/2010 Sale recorded for $577,000.
Up 25% from 2006: http://streeteasy.com/nyc/sale/502295-coop-720-greenwich-street-west-village-new-york
10/24/2006 Previous Sale recorded for $400,000.
03/13/2010 Listed by Citi-Habitats at $539,000.
03/22/2010 Price decreased by 7% to $499,999.
04/14/2010 Listing entered contract.
07/07/2010 Sale recorded for $499,000.
Walk-up studio, up 15% from 2004: http://streeteasy.com/nyc/sale/516863-coop-260-west-21st-street-chelsea-new-york
09/30/2004 Previous Sale recorded for $345,000.
04/24/2010 Listed by Corcoran at $399,000.
05/12/2010 Listing entered contract.
07/07/2010 Sale recorded for $399,000.
Gramercy 2bd coop -- down 25% from higher floor peak: http://streeteasy.com/nyc/building/32-gramercy-park-south-new_york
Floorplans look the same across the a line. Listing for 15A also indicates it was blinged out. Blah, blah, blah. Sure. Whatevs.
08/05/2010 #10A $1,199,000
08/28/2009 #14A $1,211,000
06/12/2008 #2A $1,117,500
09/28/2007 #15A $1,605,000
09/09/2005 #8A $950,000
11/05/2004 #5A $823,250
Prime 1/1, down a hair from 2007, but took 2.5 years to sell: http://streeteasy.com/nyc/sale/487460-coop-39-fifth-avenue-greenwich-village-new-york
09/06/2006 Previously Listed by Prudential Elliman at $1,200,000.
03/29/2007 Prudential Elliman Listing sold.
03/29/2007 Previous Sale recorded for $1,112,500.
02/01/2008 Previously Listed by Corcoran at $1,350,000.
06/16/2008 Delisted temporarily by Corcoran. Last priced at $1,375,000.
03/12/2009 Previously Listed by Brown Harris Stevens at $1,050,000.
The renovations were done by the 2007 seller.
06/04/2009 Brown Harris Stevens Listing is no longer available.
01/07/2010 Listed by Brown Harris Stevens at $1,250,000.
04/13/2010 Price decreased by 4% to $1,200,000.
04/15/2010 Price decreased by 1% to $1,185,000.
08/31/2010 Sale recorded for $1,100,000.
Gramercy Park 1/1, flat (OK, down 1%) vs. 2006 previous sale, with the sellers therefore having eaten the cost of a "stunning renovation" that is described extensively in the listing.
http://streeteasy.com/nyc/sale/520932-coop-201-east-21st-street-gramercy-park-new-york
03/17/2006 Previous Sale recorded for $627,500.
05/11/2010 Listed by Halstead Property at $629,000.
06/14/2010 Listing entered contract.
09/03/2010 Listing sold.
09/03/2010 Sale recorded for $622,000.
09/10/2010 Price decreased by 1% to $622,000.
Building started closings fourth quarter 2004, so 2004 price may reflect earlier contract.
http://streeteasy.com/nyc/sale/494019-condo-1-morton-square-west-village-new-york
10/27/2004 Previous Sale recorded for $1,807,468.
03/23/2005 Previous Sale recorded for $2,550,000.
02/03/2010 Listed by Stribling at $2,650,000.
08/03/2010 Listing entered contract.
09/27/2010 Listing sold.
09/27/2010 Sale recorded for $2,557,500.
listing indicates bath and kitchen have been redone, but not possible to determine when.
http://streeteasy.com/nyc/sale/551222-coop-1-fifth-avenue-greenwich-village-new-york
09/19/2005 Previous Sale recorded for $661,000.
05/04/2010 Listed by Ann Weintraub, Ltd. at $725,000.
07/08/2010 Listing entered contract.
10/04/2010 Listing sold.
10/04/2010 Sale recorded for $675,000.
10/29/2010 Listing entered contract.
unremarkable studio
http://streeteasy.com/nyc/sale/490750-coop-3-hanover-square-financial-district-new-york
09/22/2004 Previous Sale recorded for $250,000.
09/15/2005 Previous Sale recorded for $300,000.
01/21/2010 Listed by Halstead Property at $339,000.
04/08/2010 Price decreased by 6% to $319,000.
05/14/2010 Price decreased by 6% to $299,000.
07/01/2010 Listing entered contract.
07/30/2010 Listing sold.
10/05/2010 Sale recorded for $309,000.
another studio. better location. awful result.
http://streeteasy.com/nyc/sale/527406-coop-88-bleecker-street-noho-new-york
09/28/2005 Previous Sale recorded for $325,000.
01/14/2009 Previously Listed by Halstead Property at $415,000.
10/25/2009 Halstead Property Listing is no longer available. Last priced at $375,000.
10/26/2009 Previously Listed by Bellmarc at $349,000.
05/01/2010 Bellmarc Listing is no longer available. Last priced at $289,000.
05/24/2010 Listed by Prudential Elliman at $299,000.
07/09/2010 Price decreased by 7% to $279,000.
07/31/2010 Listing entered contract.
10/07/2010 Listing sold.
10/07/2010 Sale recorded for $281,000.
8M, a 2/1 loft in good condition, 11M sold for $2.2m in 06/08 and needed everything.
http://streeteasy.com/nyc/sale/534748-condo-476-broadway-soho-new-york
06/22/2010 Listed by Corcoran at $1,600,000.
08/19/2010 Listing entered contract.
10/20/2010 Listing sold.
10/20/2010 Sale recorded for $1,440,000.
20 pine, 2109, 2/2 1444 square foot unit developer sale, 2209 sold for $1,680,112 in 06/08
http://streeteasy.com/nyc/sale/541180-20-pine-street-financial-district-new-york
03/07/2008 Previously Listed by SHVO at $1,785,000.
07/02/2008 SHVO Listing is no longer available.
07/20/2010 Listed by SHVO at $1,785,000.
08/03/2010 Price decreased by 20% to $1,425,000.
08/20/2010 Listing entered contract.
08/29/2010 Re-listed by SHVO.
09/03/2010 Listing is no longer available.
09/03/2010 Later Listed by SHVO at $1,425,000.
10/19/2010 SHVO Listing sold.
10/19/2010 Sale recorded for $1,261,406.
in terms of percentages these sellers lost less than 20% from a closing that occurred right after the financial meltdown, on an earlier 2008 contract. still it's not a good result for what many consider a good location. a 2/2 in a building with very high common charges.
http://streeteasy.com/nyc/sale/182543-condo-27-west-19th-street-flatiron-new-york
02/14/2008 Listed in StreetEasy, already in contract, by CORE at $1,710,000.
01/28/2009Listing sold.
01/28/2009Sale recorded for $1,600,000.
01/28/2009Sale recorded for $1,629,200.
02/14/2009Listing entered contract.
10/19/2010Sale recorded for $1,350,000.
down at riverhouse the developer has been lowering some prices. this buyer might have been pleased (1449 3/3 for less than $1000 psf), but the purchaser of 6M, who may have had one of the earlier contracts, bought the unit in 06/08 for $1,578,287.
http://streeteasy.com/nyc/sale/227108-condo-1-river-terrace-battery-park-city-new-york
04/26/2008Listed by Corcoran at $1,800,000.
04/30/2009Price decreased by 10% to $1,620,000.
08/06/2009Listing is no longer available.
09/23/2009Listing entered contract.
02/05/2010Listing sold.
10/13/2010Sale recorded for $1,315,000.
alright alright kickazz comps......
55 Wall. Unit 720, sponsor sale, $835 psf. in 03/07 an apartment the exact same size (but i don't know about view or layout), #945, sold for $1,672,800, around $1600 psf. #620, roughly the same size as 720, sold for $1,353,466, around $1300 psf in 12/06. This is really gruesome.
http://streeteasy.com/nyc/sale/525390-condo-55-wall-st-financial-district-new-york
02/02/2006 Previously Listed by Prudential Elliman at $1,545,000.
05/10/2010 Prudential Elliman Listing is no longer available. Last priced at $1,249,200.
05/17/2010 Listed by Urban Marketing at $1,249,200.
09/30/2010 Listing sold.
09/30/2010 Sale recorded for $869,589.
#945 is married to their unit. May I suggest a nice quick divorce, thru strategic default. Flmaoz.
Yes geitner, where is this morality tale headed to?
Unit 720 at 55 Wall...http://streeteasy.com/nyc/sale/525390-condo-55-wall-st-financial-district-new-york
Wow, this is one of the worst layouts I have EVER seen. Great for someone who spends a lot of time in the bathroom, though.
AWRIGHT AR!!! Great to have you back on these comps boards. Real added value to this site cause nothing shows the trend of the market better than factual comps. You, NWT, W81 and others have really helped posters on this board make reasoned decisions about their RE choices. Thanks.
whead, what an idiotic thing to say! Wanna contribute something of substance? Be my guest, but these kind of member bashing is of no value no us. Go get some air, make some friend and get laid but get out! Seriously! You need it!
Sledge...Perfectly said.
OMG!! Welcome Back AR!!
Thanks for the defense sledgehammer. The troll has been after me since I pointed out publicly that his stalking of AR constituted actionable malice and encouraged SE to establish a record of his stalking with the police - which apparently they did. That is why there are all the pointless police references in the trolls attacks on me. I actually don't notice the troll. What I object to is the posters that engage him and encourage him -- even repost his attacks. Troll has nothing of value to say, so let's get back to this thread.
hi dwell! back to the merry mayhem of comps.
http://streeteasy.com/nyc/sale/562738-condo-30-west-street-battery-park-city-new-york
1/1.5 in the Millenium Tower
03/22/2007Previous Sale recorded for $936,790.
09/08/2007Previously Listed by Home Quest Properties at $1,030,000.
10/22/2007Home Quest Properties Listing is no longer available.
10/18/2010Listed by Corcoran at $799,000.
"What I object to is the posters that engage him and encourage him"
apt23 - I only halfway agree with you on this. Among the posters who have done the most troll engaging and encouraging, I only object to columbiacounty. I have no objection to w67.
Prime Chelsea Seminary block... Still vastly overpriced, imho (a tiny walk-up apartment attached to a lovely roofdeck), but best of luck to the sellers.
http://streeteasy.com/nyc/sale/564735-coop-434-west-20th-street-chelsea-new-york
STREETEASY HISTORY
03/13/2008
Previous Sale recorded for $860,000.
10/28/2010
Listed by Corcoran at $850,000.
I'm doing a sort of penance with this one. I savaged this building in an open house report a while back, and assumed that it would be the kind of building to take a severe beating in the downturn, but it held up remarkably well. I guess being the cheapest building in the West Village that isn't a crumbling walkup does the trick.
At 165 Christopher Street:
1BB. Yes, there was a reno, so it's likely a drop, but a surprisingly small one.
06/09/2006 Previously Listed by Warburg at $597,000.
02/15/2007 Warburg Listing sold. Last priced at $573,000.
02/15/2007 Previous Sale recorded for $557,500.
09/14/2009 Previously Listed by Citi-Habitats at $699,000.
01/21/2010 Listed by Corcoran at $675,000.
01/22/2010 Citi-Habitats Listing is no longer available. Last priced at $675,000.
03/18/2010 Listing entered contract.
05/20/2010 Listing sold.
05/20/2010 Sale recorded for $649,000.
2C. Flat since 06, though they lost on transaction costs.
10/09/2006 Previously Listed by Corcoran at $585,000.
01/03/2007 Corcoran Listing sold.
01/03/2007 Previous Sale recorded for $575,000.
02/24/2009 Previously Listed by Corcoran at $645,900.
07/20/2009 Delisted by Corcoran. Last priced at $615,000.
09/30/2009 Listed by Citi-Habitats at $600,000.
10/27/2009 Price decreased by 1% to $595,000.
02/05/2010 Listing entered contract.
03/02/2010 Listing sold.
03/02/2010 Sale recorded for $580,000.
Not so well for this studio, LQQ.
04/05/2005 Previous Sale recorded for $369,000.
11/16/2009 Listed by Prudential Elliman at $379,000.
02/02/2010 Price decreased by 8% to $349,000.
04/08/2010 Listing entered contract.
06/28/2010 Listing sold.
06/28/2010 Sale recorded for $327,000.
No resale or same-line comp for 2Y, and the sellers did have a long fall to reality, but in 2006/2007 a number of similarly laid-out 1brs all went below $600k (though some were ground floor and/or faced into the courtyard). This one has original bath and an old kitchen, but looks like it might have a good exposure.
04/11/2007 Previously Listed by Citi-Habitats at $899,000.
07/31/2007 Citi-Habitats Listing is no longer available.
02/16/2010 Listed by Bellmarc at $675,000.
03/01/2010 Price decreased by 4% to $649,000.
03/05/2010 Also Listed by Time Equities at $649,000.
04/24/2010 Time Equities Listing is no longer available. Last priced at $649,000.
04/30/2010 Listing sold.
06/30/2010 Sale recorded for $620,000.
3I, another small drop with reno factored in.
05/30/2006 Previous Sale recorded for $1,090,000.
08/16/2009 Listed by Corcoran at $1,195,000.
10/15/2009 Listing entered contract.
01/19/2010 Listing sold.
01/19/2010 Sale recorded for $1,155,000.
Again, the studios are having a harder time of it, though no idea how condition compares.
01/26/2010 #2O $270,000
05/12/2005 #3O $325,000
Tribeca summit, 3H, 3/3.5, 2,781 sf. 7H sold this June for almost $700k more. 5H and 6H also closed in June, and did much better than 7H.
http://streeteasy.com/nyc/sale/227597-condo-415-greenwich-street-tribeca-new-york
04/28/2008 Listed by Prudential Elliman at $3,800,000.
08/03/2008 Listing is no longer available.
08/29/2008 Re-listed by Prudential Elliman.
09/30/2008 Listing sold.
05/07/2009 Later Listed by Prudential Elliman at $3,500,000.
10/21/2010 Prudential Elliman Listing entered contract. Last priced at $3,250,000.
11/23/2010 Sale recorded for $2,990,000.
If this one was posted earlier, I can't find it. So apologies if this is a repeat. It is a significant haircut from original ask so guess it bears repeating;
Penthouse at Cipriani Club Downtown
http://streeteasy.com/nyc/sale/525724-condo-55-wall-street-financial-district-new-york
STREETEASY HISTORY
12/19/2007
Previously Listed by Prudential Elliman at $2,795,000.
05/10/2010
Prudential Elliman Listing is no longer available. Last priced at $2,392,000.
05/18/2010
Listed by Platinum Properties at $2,392,000.
05/19/2010
Listing sold.
10/14/2010
Sale recorded for $1,688,152.
Se posters are diligent. At 200am dwell and apt 23 are up and posting on two different comp threads one minute apart. Back to sleep.
What about the area that is not BCP and Not FiDi. West Side Highway to Broadway below WTC to bottom of West Street? I was thinking Greenwich South or SoBeca. In any event it's kind of it's own neighborhood.
"What about the area that is not BCP and Not FiDi. West Side Highway to Broadway below WTC to bottom of West Street?"
If the Gore camp is right you can call it Atlantis North in 40 years.
td- what's your point?
Flatiron 1/2 with interior den.
http://streeteasy.com/nyc/sale/539456-coop-105-fifth-avenue-flatiron-new-york
12/21/2004 Previous Sale recorded for $1,260,000.
01/19/2006 Previously Listed by Corcoran at $1,689,000.
05/25/2006 Corcoran Listing sold. Last priced at $1,597,000.
06/28/2006 Previous Sale recorded for $1,525,000.
06/29/2009 Previously Listed by Brown Harris Stevens at $1,790,000.
07/02/2010 Brown Harris Stevens Listing is no longer available. Last priced at $1,400,000.
07/13/2010 Listed by Prudential Elliman at $1,350,000.
09/17/2010 Listing entered contract.
12/06/2010 Listing sold.
12/06/2010 Sale recorded for $1,300,000.
Printing House, 421 Hudson, loft, 2/2, newly renovated.
http://streeteasy.com/nyc/sale/487787-condo-421-hudson-street-west-village-new-york
i'm not quite sure what to make of the first sale, the name doesn't match with the next seller's name.
03/14/2000 Previous Sale recorded for $157,000.
09/26/2005 Previous Sale recorded for $1,625,000.
07/17/2008 Previous Sale recorded for $1,450,000.
10/23/2009 Previously Listed by ORB Management at $1,995,000.
11/23/2009 Delisted by ORB Management. Last priced at $1,995,000.
01/08/2010 Listed by Cantor and Pecorella at $1,895,000.
05/04/2010 Price decreased by 8% to $1,750,000.
08/10/2010 Listing is no longer available.
08/30/2010 Re-listed by Cantor and Pecorella.
09/24/2010 Price decreased by 7% to $1,625,000.
09/27/2010 Price decreased by 2% to $1,595,000.
12/08/2010 Listing sold.
12/08/2010 Sale recorded for $1,490,000.
1/1 new development resale.
http://streeteasy.com/nyc/sale/541689-condo-555-west-23rd-street-west-chelsea-new-york
07/13/2006Previous Sale recorded for $717,866.
05/11/2010Previously Listed by Prudential Elliman at $659,000.
07/12/2010Prudential Elliman Listing is no longer available.
07/22/2010Listed by Halstead Property at $659,000.
10/06/2010Listing entered contract.
12/22/2010Listing sold.
12/22/2010Sale recorded for $650,000.
330 Spring Street (Urban Glass House) #10A: Resold 32.9% below original sponsor sale. Way back on Page 2 of this thread, 22 months ago, Happyrenter reported the cuts on #11A and noted that "prices could go a hell of a lot lower". Sure enough...
10/17/2006 Previously Listed by Corcoran at $2,995,000.
01/30/2007 Corcoran Listing sold.
01/30/2007 Previous Sale recorded for $2,902,012.
09/29/2010 Listed by Corcoran at $2,125,000.
11/02/2010 Listing entered contract.
01/12/2011 Sale recorded for $1,947,500.
http://streeteasy.com/nyc/sale/558079-condo-330-spring-street-soho-new-york
There's little doubt the resale is an arm's-length transaction and a legitimate reflection of the clearing price. If there's a question, it would be about the original sale.
108 Wooster Street in Soho, unit 2D, a classic 80's conversion of a Soho loft building into a coop.
http://streeteasy.com/nyc/sale/538172-coop-108-wooster-street-soho-new-york
07/08/2010 Listed by Corcoran at $1,200,000.
11/29/2010 Listing entered contract.
01/03/2011 Listing sold.
02/08/2011 Sale recorded for $980,000
5E sold for $1.15M in July 2008
5B sold for $1.35M in July 2007
All about the same square footage approx. 1,150sf, but 5E has an odd layout with long hallways and seemed very dark in the pictures.
You have to factor in the massive escape from the impending Tower of Garbage to the price plunges at 330 Spring.
51 Walker Street #6B: Closed 5.4% below original sponsor sale.
01/03/2007 Previous Sale recorded for $2,061,956.
08/20/2010 Listed by Prudential Elliman at $2,150,000.
10/07/2010 Price decreased by 7% to $1,995,000.
11/17/2010 Listing entered contract.
01/13/2011 Sale recorded for $1,950,000.
http://streeteasy.com/nyc/sale/547690-condo-51-walker-street-tribeca-new-york
Let me break that down. Down 3.5%, minus 6% or call it 10% of $2mm or $200k, so in effect a 50% loss in 5 yrs (if u were conservative and put 20% down) or 100% loss in 5 yrs of you put down 10%. Flmoazzz.
3.5% loss as opposed to 100%, a world of difference..... Plenty more lemmings like this.
three months? come on people.
this one entered contract with the listing price at almost 43% below the 4/28 sale price. bankruptcy. alcove study, ugly building, decent unit with low maintenance.
http://streeteasy.com/nyc/sale/609716-coop-205-3rd-ave-gramercy-park-new-york
11/05/2007 Previously Listed by Warburg at $645,000.
04/28/2008 Warburg Listing sold. Last priced at $595,000.
04/28/2008 Previous Sale recorded for $590,000.
05/19/2011 Listed by TRITON REO Management Corp. at $339,900.
06/03/2011 Listing entered contract.
oops, that one above was a foreclosure. and a coop too!
alcove studio, entered contract with the listing price 14% below the mid-2006 sale price. nice location.
http://streeteasy.com/nyc/sale/535182-coop-201-west-21st-street-chelsea-new-york
02/14/2006 Previously Listed by Prudential Elliman at $499,000.
05/19/2006 Prudential Elliman Listing sold.
05/19/2006 Previous Sale recorded for $485,000.
01/29/2009Previously Listed by Prudential Elliman at $539,000.
07/17/2009 Delisted by Prudential Elliman. Last priced at $450,000.
06/24/2010 Listed by Prudential Elliman at $499,000.
07/23/2010 Listing is no longer available.
09/07/2010 Re-listed by Prudential Elliman.
09/07/2010 Price decreased by 8% to $459,000.
03/20/2011 Price decreased by 4% to $439,000.
04/05/2011 Price decreased by 5% to $419,000.
04/23/2011 Listing entered contract.
this straight studio is priced about 3% above its 10/05 sales price. but the bathroom and extremely small kitchen have been renovated.
http://streeteasy.com/nyc/sale/581863-coop-60-east-9th-street-greenwich-village-new-york
10/03/2005 Previous Sale recorded for $324,000.
03/18/2010 Previously Listed by Corcoran at $399,000.
01/03/2011 Corcoran Listing is no longer available. Last priced at $365,000.
02/07/2011 Listed by Prudential Elliman at $359,000.
06/01/2011 Price decreased by 7% to $335,000.
interestingly shaped studio, now priced below 2005 sale.
http://streeteasy.com/nyc/sale/597325-coop-67-east-11th-street-greenwich-village-new-york
08/05/2005 Previous Sale recorded for $380,000.
02/28/2007 Previously Listed by Corcoran at $490,000.
04/15/2008 Delisted temporarily by Corcoran. Last priced at $425,000.
12/13/2008 Previously Listed by Prudential Elliman at $499,000.
06/11/2009 Prudential Elliman Listing is no longer available. Last priced at $405,000.
04/06/2011 Listed by Corcoran at $420,000.
04/30/2011 Price decreased by 8% to $385,000.
05/21/2011 Price decreased by 5% to $365,750.
141 East Third Street, #3A -- a prewar one-bedroom with a Pullman kitchen in a top East Village building.
And, point of interest, the very first apartment I ever sold.
I had sold it in October 2006 for $497,500; it just resold after 76 weeks on market (!) and multiple brokers. The last, triumphant broker was Miriam Sirota of BHS, who is pretty much the doyenne of the building.
The new owner had painted the unit a more neutral color than my seller's orange, and made it FIOS-ready, but otherwise it looks like there were no renovations.
Sold price in April 2012 was $485,000, so a five-and-a-half-year price drop of 2.6%.
ali r.
DG Neary Realty
what a harvard dropout.
So after 5.5yrs, the sellers, after having another full year of bubble pump (which would have probably meant they could have sought $600K in 2007) sold their unit for 2.6% below their acquisition price. Now mind you mortgage rates were 7% back in 2006. They are out 2.6% plus transaction costs (10% of purchase price) or 50% of their downpayment (if 20% down).
NOW THATZ what I call lucky SOB. Imagine if the FEDs did not keep mortgages at 4%, or they ACTUALLY let the foreclosure pipelines work.... instead of the 1056 days it currently takes.....
NO WORRIES... ALI and her 30yrinRE LOSER will GUARANTEE THAT in 5.5yrs when interest rates are at 10% and foreclosures are in full steam 3A will sell for 2.6% less than $485K!
what a joke.
184 Thompson Street, #6H. 1br/1ba, a rental listing claims 700sf, although a listing for #5H, also a 1/1 and likely in the same line (although lowest floor H's are different), shows 639sf. But what's 10% sf inflation among friends?
I recognize that this one is out of date, but it got mentioned as a bank REO sale mentioned in a Times article about delinquent common charges (here: http://www.nytimes.com/2012/06/24/realestate/condo-boards-take-a-stand-on-delinquencies.html?pagewanted=all) so I thought I'd get it on the record on the thread. HSBC foreclosed and sold out down 35% from the 2007 sponsor sale.
02/02/2011 #6H $610,000 (sale by bank to new owner)
08/18/2010 #6H $800,000 (shange of title as a result of foreclosure)
06/29/2007 #6H $933,430 (original sponsor sale)
http://streeteasy.com/nyc/building/184-thompson-street-new_york
395 Broadway #14A - Bought in 2007 for $1.165M, listed in 2012 for $1.7M, sold in 2013 for $2M...
http://streeteasy.com/nyc/sale/756980-condo-395-broadway-tribeca-new-york
04/20/2007 Previous Sale recorded for $1,165,000.
10/25/2012 Listed by Town Residential at $1,675,000.
12/19/2012 Listing entered contract.
01/28/2013 Listing sold.
01/28/2013 Sale recorded for $2,016,000.
"Opportunity to create one-of-a-kind apartment with your gut renovation."
from the 07 listing
Yes, yikes, it was a reno, but I'm pretty sure they didn't spend $1M on the place.
Here's another gut reno - London Terrace Penthouse... Not a bad profit. http://streeteasy.com/nyc/sale/679896-coop-470-west-24th-street-west-chelsea-new-york
05/04/2009 Sale recorded for $4,400,000
04/27/2012 Later Listed by Brown Harris Stevens at $11,800,000.
12/28/2012 Brown Harris Stevens Listing sold. Last priced at $10,850,000
12/28/2012 Sale recorded for $9,650,000
wow--nice apt--obv a meticulous renovation--cettainly > 1mm, maybe close to 2mm--but whatever the case, a nice flip
That London Terrace sale at nearly $10 million is a killer--that's $4,000 a foot. Strange what apartments have, and have not, appreciated much since the crash.
For instance:
http://streeteasy.com/nyc/sale/867433-coop-32-wash-sq-we-manhattan-new-york
14E is asking $3,750,000
12/02/2009 #10E $3,425,000
10/16/2009 #5E $3,450,000
09/15/2008 #6E $3,300,000
07/08/2008 #15E $3,500,000