If You Can Demonstrate Market Movement With Comps: Upper East Side Edition

West81st: about 6 weeks ago

1192 Park Avenue #14C: Quick resale of a north-facing Carnegie Hill seven, less than a year after purchase, 9.6% above acquisition price. The 2012 transaction was an estate sale. Although intervening renovations appear limited basic work on walls and floors, the apartment probably showed better in 2013, with the old carpeting, wallpaper and furniture removed.
08/15/2011 Listed by Brown Harris Stevens at $2,950,000.
08/16/2011 Listing is no longer available.
09/06/2011 Re-listed by Brown Harris Stevens.
01/27/2012 Listing entered contract.
04/30/2012 Previous Sale recorded for $2,850,000.
11/08/2012 Listed by Sotheby's International Realty, Inc. at $3,249,000.
12/13/2012 Listing entered contract.
03/20/2013 Sale recorded for $3,125,000.
Basically break-even after expenses, which isn't bad under the circumstances. Granted, the same $3MM invested in Sprint stock last April would have grown to about $7MM.
http://streeteasy.com/nyc/sale/761449-coop-1192-park-avenue-carnegie-hill-new-york

West81st: about 4 months ago

10 East End Avenue #9AMN: 3/4 BR combination coop with river views from LR and DR. Resold 9.8% below 2005 acquisition price, after a year on the market. Timing of renovations not clear.
05/17/2005 Previous Sale recorded for $2,825,000.
09/06/2011 Listed by Douglas Elliman at $3,195,000.
01/17/2012 Price decreased by 6% to $2,995,000.
06/25/2012 Price decreased by 13% to $2,595,000.
10/08/2012 Listing entered contract.
12/10/2012 Sale recorded for $2,548,500.
http://streeteasy.com/nyc/sale/632228-coop-10-east-end-avenue-yorkville-new-york

w67thstreet: about 8 months ago

$1mm to $2mm in 4 months. Chuckle. Chuckle.

w67thstreet: about 8 months ago

I had a boner and it magically went left. I always bend slight right. So I know rates will rise in 3 yrs. that' and Bernie said so. But the left leaning boner confirms it.

$2.05mm to $1.2mm in 24 months. Chuckle chuckle. I'm gonna open a bottle of wine from Florence. Chuckle. Chuckle.

huntersburg: about 8 months ago

>when interest rates go to 8% in 3 short years.

Based on what?

Brooks2: about 8 months ago

Sold it 4 Yrs ago

Brooks2: about 8 months ago

If they kept it at 2mm in Jan of 08', who knows may be they would have dild it 4 yrs ago. Sucka hit greedy.. That's what happens in a bubble

w67thstreet: about 8 months ago

$1.35mm. Chuckle. Chuckle. Now just picture where it will trade when interest rates go to 8% in 3 short years. Flmaozzz

w67thstreet: about 8 months ago

Who wants to live next to a guy that can only afford $1.35mm?

It's all down hill from here. Wont be long bf whore houses start sprouting up on park and a korean grocery store on every corner. Maybe just a few bodegas.

falcogold1: about 8 months ago

Don't tase me Bro!
Not in the Beek man!
575 Park Avenue #1602
http://streeteasy.com/nyc/sale/347721-coop-575-park-avenue-lenox-hill-new-york
01/16/2008 Previous Sale recorded for $2,050,000.
01/18/2008 Previously Listed by Douglas Elliman at $3,400,000.
07/22/2008 Douglas Elliman Listing is no longer available.
09/09/2008 Listed by Corcoran at $2,980,000.
11/11/2008 Price decreased by 6% to $2,800,000.
03/19/2009 Price decreased by 11% to $2,500,000.
02/03/2010 Price decreased by 20% to $1,995,000.
06/14/2011 Listing is no longer available.
10/05/2011 Re-listed by Corcoran.
11/28/2011 Price decreased by 10% to $1,800,000.
02/06/2012 Price decreased by 6% to $1,700,000.
05/15/2012 Listing entered contract.
07/31/2012 Sale recorded for $1,350,000.
08/09/2012 Listing is no longer available.

Check it out!
The real estate equivalent of David Caruso's acting career.

Brooks2: about 8 months ago

And they thought they were getting a deal when they bot it ~ $360 below asked. Just because you bid > 20% below asked doesn't mean you are getting a deal even if there is a Whole Foods 8 blocks away

Brooks2: about 8 months ago

A lot for sale there. What's going on in that building?

apt23: about 8 months ago

Wow Falco. And they must have really hated the place. Put it back on the market after only 3 months. Somethin smelly about this one and it ain't just blowin in from the river.

falcogold1: about 8 months ago

Shave and a haircut by Sweeny Todd
50 Sutton Place South #3GM
http://streeteasy.com/nyc/sale/615603-coop-50-sutton-pl-south-sutton-place-new-york
01/15/2010 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.
09/05/2012 Listing sold.
09/05/2012 Sale recorded for $1,500,000.

That my friends is a $638,750 loss from last sale to this sale in less than 2 years.
Don't even get me started when it comes to transaction costs.
Tip from your good friend falco: stay away from the meat pies

w67thstreet: about 8 months ago

Meh wonders what a 'normal' mkt for manhattan be with 7% mortgages?

Can someone kabuki me.

w67thstreet: about 8 months ago

30% down or 150% of down payment. And that with io rates that went from 7% to 3%. Flmaozz

w67thstreet: about 8 months ago

Someone forgot to add the opportunity cost of not being in sprint. My bad. The douche is out $800k plus 6% stoopid tax.

Kabuki

EBOC: about 8 months ago

Big fan of SE kabuki math, as demonstrated by W67. $1,450-$1,170 = $400? Ooooor maybe $280...only 30% off.

w67thstreet: about 8 months ago

Fixed income? U collect social security?

marco_m: about 8 months ago

yikes..i work in fixed income.

somewhereelse: about 8 months ago

Agreed... chop, chop...

falcogold1: about 8 months ago

If outdoor space is more to your taste you can have this place one floor up.
116 East 66th Street #11B
http://streeteasy.com/nyc/sale/734897-coop-116-east-66th-street-lenox-hill-new-york?email=true
09/13/2012 Listed by Douglas Elliman at $1,595,000
Outdoor space will cost you an additional $425,000 above the cost of the larger 10B
Outdoor space priced at $1062 per square foot.
Furure price chopper!

yikes: about 8 months ago

marco, the instruments you trade?...info pls?...or did you bet the farm on your upper yorkvile studio?

marco_m: about 8 months ago

why would someone buy that ? they must want to be close to mom or something.

w67thstreet: about 8 months ago

W/o Bernie magic, that POS trades at $600k.

w67thstreet: about 8 months ago

$400k loss over 5 yrs even with IO rates going from 7% to 3%, and sprint doubling in 4months.

W67 during this same period.
Avoided $1mm loss in my 3 bdrm mkt
$1mm gain in sprint in 4 months.

$2mm net worth gain in 5 yrs. increase said $2mm by 5% per year for 25 more years. W67 ain't ever gonna need to sell his body to live at ritz carlton old are home. But I will need someone to clean my bed pan..... So in conclusion => w67 needs broke azzed bubblers that'll ride the re bubble to $500psf. Someone gotta serve my kids happy meals, why knot you or your kids?

falcogold1: about 8 months ago

116 East 66th Street #10B
05/07/2007 Previous Sale recorded for $1,450,000.
06/24/2011 Listed by Brown Harris Stevens at $1,495,000.
09/19/2011 Price decreased by 7% to $1,395,000.
12/19/2011 Listing is no longer available.
01/04/2012 Re-listed by Brown Harris Stevens.
01/04/2012 Price decreased by 3% to $1,350,000.
03/27/2012 Price decreased by 4% to $1,295,000.
05/08/2012 Listing entered contract.
07/07/2012 Listing sold.
08/13/2012 Sale recorded for $1,170,000.
http://streeteasy.com/nyc/sale/618365-coop-116-east-66th-street-lenox-hill-new-york

It speaks for itself

yikes: about 8 months ago

pinball wizard, falco--at risk of tilting the machine, played to a nice bonus

am I dating us?

NYC411: about 8 months ago

Brooks2: about 8 months ago

I'd say some dam good brokering to get 3a sold above asked in this economy

jsw363: about 8 months ago

45 East 85th is an amazing unit. I saw it pre-renovation and it was definitely in estate condition. The flippers did a great job. Also, this is one of the smallest/least expensive apartments in the building, so it was a smart move.

sidelinesitter: about 8 months ago

Revisiting 205 East 77th, #3A. Closed at a 1% discount to the last sale, which was immediately pre-financial crisis. 12% above ask. The 2008 listing describes the apartment as renovated, while the 2012 listing looks like a more flowery description of the same thing. If this is incorrect (i.e., there was a further reno between sales), then the 2008 buyer ate any reno costs.

01/24/2006 Previously Listed by Corcoran at $975,000.
02/07/2006 Corcoran Listing sold.
04/06/2006 Previous Sale recorded for $999,000.
01/08/2008 Previously Listed by Corcoran at $1,225,000.
04/24/2008 Corcoran Listing sold. Last priced at $1,165,000.
04/24/2008 Previous Sale recorded for $1,100,000.
05/29/2012 Listed by CORE at $975,000.
06/15/2012 Listing entered contract.
08/01/2012 Listing sold.
08/01/2012 Sale recorded for $1,090,000.
http://streeteasy.com/nyc/sale/686551-coop-205-east-77th-street-upper-east-side-new-york

falcogold1: about 8 months ago

Holy smackers!
45 East 85th Street #5E
The balls on that flipper.
Bravo!

NYC411: about 8 months ago

45 East 85th Street #5E. Classic 6 sold for $1.581 in a 2010 estate sale and just sold for $2.425 after what appears to be a gut renovation

http://streeteasy.com/nyc/sale/496001-coop-45-east-85th-street-upper-east-side-new-york

Brooks2: about 11 months ago

3A sold for 1.1mm 5/08 on the market 5/12 @ $975k and ready to be chopped

01/24/2006
Previously Listed by Corcoran at $975,000.
02/07/2006
Corcoran Listing sold.
04/06/2006
Previous Sale recorded for $(insiders only)
01/08/2008
Previously Listed by Corcoran at $1,225,000.
04/24/2008
Corcoran Listing sold. Last priced at $1,165,000.
04/24/2008
Previous Sale recorded for $(insiders only)
05/29/2012
Listed by CORE at $975,000.
http://streeteasy.com/nyc/sale/686551-coop-205-east-77th-street-upper-east-side-new-york

NWT: about 12 months ago

http://streeteasy.com/nyc/sale/651359-coop-785-park-avenue-upper-east-side-new-york

11/16/2004 Previous Sale recorded for $1,450,000.
07/28/2008 Previously Listed by Corcoran at $2,950,000.
05/28/2009 Corcoran Listing sold. Last priced at $2,000,000.
07/08/2009 Previous Sale recorded for $1,975,000.
12/29/2011 Listed by Brown Harris Stevens at $2,400,000.
02/13/2012 Listing entered contract.
05/10/2012 Sale recorded for $2,300,000.

The 2004 buyers did the reno, then sold at the worst possible time.

huntersburg: about 12 months ago

careful Brooks, apt23's last husband didn't end up in an envious position

Brooks2: about 12 months ago

http://streeteasy.com/nyc/sale/677428-coop-310-east-70th-street-lenox-hill-new-york

huntersburg: about 12 months ago

Careful Brooks, I wouldn't invite apt23 over.

apt23: about 12 months ago

brooks: address?