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Price is Right... How much would you pay for this Soho co-op

Started by STFU
almost 17 years ago
Posts: 52
Member since: Dec 2008
Discussion about
what do you think the "right price" is for this co-op if it were to go into contract today? http://www.streeteasy.com/nyc/sale/385377-coop-514-broadway-soho-new-york
Response by eponymous
almost 17 years ago
Posts: 23
Member since: Jan 2007

970k sounds about right.

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Response by hejiranyc
almost 17 years ago
Posts: 255
Member since: Jan 2009

They're playing that silly "price-up, price-down" game. Gutter-league sales tactics like this lead me to believe that there is probably something amiss about the place, price notwithstanding.

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Response by luciato
almost 17 years ago
Posts: 106
Member since: Mar 2008

i think $1mm.

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Response by STFU
almost 17 years ago
Posts: 52
Member since: Dec 2008

owner is not budging from $1.2. i politely asked what owner was smoking, because it must be some pretty good sh*t.

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

What a complete lie on teh sq footage. They're including the loft AND the storage and STILL overdoing it.

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Response by realestatejunkie
almost 17 years ago
Posts: 259
Member since: Oct 2006

Nice looking place. Seller has only had the place on the market for two months, so they probably have not felt enough pain to sell below the basis in which they purchased it.

From sales records looks like they closed on the property for the current asking price.

Agree with the 1mm mark as a sale in today's market. Make it $999,999 and avoid the mansion tax.

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Response by trevorF
almost 17 years ago
Posts: 58
Member since: Mar 2008

i ask what is the noise level at this apt? what floor? does this unit have a mouse problem as many of the other buildings in that area do? seeing broadway every morning is a very bad experience.

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Response by STFU
almost 17 years ago
Posts: 52
Member since: Dec 2008

no noise problem, as it faces the back courtyard. i obviously cannot assess the mouse issue since i was only in the unit for a few minutes (though it seemed quite clean and orderly). i agree that one downside is its entrance being on broadway (though no broadway view).

the owner also has the unit up for rent, as well, suggesting that they are not quite "squeezed" or anything like that.

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Response by lajeep405
almost 17 years ago
Posts: 124
Member since: Jul 2007

970? Prices have not yet reverted to 2004, wait until December, if it is still around. If not, there will be similar places. The suckers will be cleared out by then.

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Response by bronxboy
almost 17 years ago
Posts: 446
Member since: Feb 2009

They are going on 2007 prices. You need comps for 2005 because that's pretty much where we are right now.

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