890 West End Avenue
Started by rlmnyc
almost 17 years ago
Posts: 273
Member since: May 2009
Discussion about
My husband and I went to see 890 WEA, 3D, today. It's been on the market for almost six months, and the seller has lowered the asking price minimally only once. Nice apartment, but wondering about the seller's motivation. Any thoughts?
The seller apparently feels no urgency to unload it.
It's now a candidate for the "Help! My neighbor is undercutting me" thread, as 9D came on the market the other day asking $150K less.
Also, 5-room apts on the UWS in better locations are coming down in price.
Thanks for your feedback. We also took a look at 9D. Not only was it in need of renovation, but the maintenance was about $300 more per month than 3D. Living six floors higher is not compelling enough to justify the difference. We're looking forward to seeing comparable apartments, as we're extremely patient renters well-qualified to make a purchase.
It's hard to say how much the extra six floors of elevation is worth to any particular person but, having lived on the 3rd floor at a different building on WEA, I can say it would be worth another $300 per month to me. Besides the traffic noise, you have the street lamps at almost exactly third-floor eye level requiring closed window treatments at night and heavy blackouts for sleeping.
rlmnyc: Poster AJC10 offered some good analysis of this line here:
http://www.streeteasy.com/nyc/talk/discussion/7616-if-you-can-demonstrate-market-movement-with-comps-upper-west-side-edition?last_page=true
No idea about the motivation of the #3D owner, and I've only seen #16D. (FWIW, the expanded kitchen there is a nice famiy hub, but I didn't like the flow of the apartment at all.) I agree with nyc10023 about pricing. Reasonably nice sixes on upper West End are competing for buyers in the low $1MM range.
I've seen 3D. The problem here is a large very nice kitchen (which is no doubt driving the seller's pricing delusion) with no dining room. (See also 6E at the Armistead.) The sellers have a table smack in the middle of the kitchen so you can eat your dinners surrounded by dirty dishes and your cooking mess. I believe one or more of the other D lines sacrificed the maids room to create a large kitchen with a real dining room.
An overly "very nice kitchen" is also irrelevant to a good many NY buyers.
So they turned a 6 into an Edwardian 5 and the value went down. What a shock.
30yrs: The "D" line is a five. Because of the positioning of the windows and bathrooms, it can't really be anything but a five. Maybe a good architect could do something interesting with the "D" footprint; maybe not. It's a challenging layout, and the kitchen wing that varies so much from apartment to apartment isn't even the hard part. Access to the bathrooms and the master bedroom at the other end of the apartment is really rough.
FWIW, #9B has a more conventional, classic-five floorplan. If the prices converge, I think it's a better apartment.
Wow, I'm so glad I inquired about this apartment. Thank you to everybody for responding. This is valuable feedback.
West81st; gotcha: but it still seems like people are saying some of them are "real" 5's and some Edwardian 5's? IF that's the case, I make the same argument with different values.
What's the PS elementary school like up there?