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building at 303 East 43rd Street

Started by anonymous
over 18 years ago
Posts: 8501
Member since: Feb 2006
anyone know why this is so !@#$%^ cheap? just bought a place and this is pissing me off. you know this blg?
Response by anonymous
over 18 years ago
Posts: 8501
Member since: Feb 2006

oh my God . i also just signed. wtf is this!!!!!!!!!!!!!!!!! please tell me this is not true. i am leaving murray hill to brooklyn but i love manhattan

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Response by julia
over 18 years ago
Posts: 2841
Member since: Feb 2007

it's cheap because of the location

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Response by anonymous
over 18 years ago
Posts: 8501
Member since: Feb 2006

who cares its manhattan. is it a coop or condo?

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Response by anonymous
over 18 years ago
Posts: 8501
Member since: Feb 2006

It's a condo but at coop prices. This area tends to have the best value (i.e. further east you go in 30s, 40s).

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Response by anonymous
over 18 years ago
Posts: 8501
Member since: Feb 2006
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Response by anonymous
over 18 years ago
Posts: 8501
Member since: Feb 2006

except the salesperson wore too much makeup

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Response by anonymous
over 18 years ago
Posts: 8501
Member since: Feb 2006

re the 2btr. something has to be wrong with it. been onmarket for long time

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Response by Mayunog
over 13 years ago
Posts: 4
Member since: Aug 2010

visited the 12a, it has to be renovated. It is worh waiting for other A lines which are expected to come out.

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Response by caoh74
over 12 years ago
Posts: 0
Member since: Apr 2013

yes, something wrong with 2b. been sitting on the mkt for a long time. needs work and monthlies are too high for no amenities. actually the entire building is old and dirty. turtle bay will always be turtle bay and this area will not appreciate with the rest of manhattan.

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Response by caoh74
over 12 years ago
Posts: 0
Member since: Apr 2013

yes, 2b has been in the mkt too long. the building is old and dirty. this will not appreciate in value.

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Response by ckone
almost 8 years ago
Posts: 13
Member since: Dec 2009

The building is about to undergo major renovations on the common areas - hallways and lobby. That should help to modernize it and increase the appeal.

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Response by 30yrs_RE_20_in_REO
almost 8 years ago
Posts: 9877
Member since: Mar 2009

How are they paying for it?

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Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007

Separately, would love to understand the profile of a buyer in this location. It is close to Grand central, so convenient for down town. UN? Law firms in midtown?

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Response by Aaron2
almost 8 years ago
Posts: 1698
Member since: Mar 2012

Walkable to Grand Central (commute to downtown), the office towers along 42nd and west of GC (PWC is there, for example, + tenants in the tower going up just west of GC), as well as offices in the PanAm (or whatever it's called these days) tower, plus the several blocks of office towers just north of GC: (JPMChase, hedge funds, law firms, etc.). Also appears to the UN and other foreign service employees. It's just out of the way enough to appeal to the mommies, though parks are limited), and easy car access to FDR (taxi/uber downtown), and midtown tunnel for Hamptons weekends). Plus I think the neighborhood is somewhat undervalued.

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Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007

Thank you. A lack of children oriented amenities and limited parks are great point. Perhaps that is why Turtle bay has been undervalued for a long time.

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Response by new2RE
almost 8 years ago
Posts: 145
Member since: Feb 2009

I know the location and there are one or two parks in tudor city (1 block away) and another park at 48 st . My building has seen huge influx of families with children, so not sure I totally agree with this assessment.

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Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007

Thank you. I saw the Tudor city park on the map. Are there children’s music/dance classes, other activities in the area?

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Response by ckone
almost 8 years ago
Posts: 13
Member since: Dec 2009

In response to the question about the renovations, there was an assessment last year which ends this year to raise money for the renovation and modernization of the common areas.

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Response by ckone
almost 8 years ago
Posts: 13
Member since: Dec 2009

BTW, I have raised my family in Turtle Bay area and i will tell you there are so many schools, camps, etc. in the area. Tudor City Park in particular is amazing as its a private park but doesn't require keys like gramarcy park. During holidays, like easter, Halloween, Christmas etc, there are tons of activities for kids and families like egg hunts, tree lighting, etc. Its definitely very family friendly as far as NYC neighborhoods go. Not as hip as downtown, but you have a nice mix of convenience to midtown and transportation, and family oriented, quiet areas, like the two big Tudor Parks.

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Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007

Thank you.

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Response by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007

ckone, Not sure if you are still on the board. Does A line have the best view on the higher floors? Also, is the assessment for window replacement for individual units or just common areas? How long does it go? Thank you.

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Response by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007

It looks like the building is selling at $1400 per sq ft for a nicely fully renovated apt. Ceiling height of 9 feet is indeed rare for this vintage.

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Response by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007
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Response by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007

Perhaps this a Hudson yard play with 7 line from grand central if the spouse works on the east side?

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