I'm so excited! my listing just went into contract!
Started by w67thstreet
about 17 years ago
Posts: 9003
Member since: Dec 2008
Discussion about
No no, I didn't buy it... the 11H at the Grand Millennium is near to my heart. Listed 6-19-08 @ $2.45MM went into contract (6-1-09) after the most recent chop to $1.875MM.... w/ it being on the market for over 348 days, I would've bid no higher than $1.5MM (w/ wife putting a gun to my head or withholding sex, just as effective)... but a lemming would've bid $1.6MM, they would've countered at $1.8MM and thru the best negotiating tactic of let's meet in the middle (????), settled on $1.7MM..... over/under? I'd like to know what other's initial bid would've been? FWIW, that's the comp on a sq. ft. basis from which I'd bid 10 to 20% lower in the next go around.... Happy hunting.
67,
what do you like about this place?
I'm not putting it down, just want to know what makes this a good apt. and a good buy.
W67 is infatuated with the GM despite the pings of the elevator as it passes each flr. If I had to live in a Millenium building, it would be the Reebok bldgy.
newer condo (don't like interviews etc of co-ops, you can afford it, come on in of Condos is "refreshing"), W/D, and I rented there for awhile... pretty good staff... and actually a nice mix of people... when I was a youngster... I'd hang out at the Tower records there (bf GM) ALL THE TIME.. and it's a straight shot into my fav part of CP, with good memories of my little one at the playground across from Tavern (nice to have a bathroom there) and the glorious springs spent on the Sheep's Meadows during HS, College, Grad Sch, even when I was banking (snuck out there quite often), especially after the 7th period :)
And of course the "lost" bid in 07(ish) factors into it alot. I'm telling you I saved over $800K in the last 3 yrs. But you are right, I'm a lot more open to other bldgs now... I was very myopic :)
oh... and #1 reason, wife likes new construction.... (#2... is like way past the 4 hr mark... if you get the marathon reference)....
nyc10023... did you see how big the triplets have gotten in that building... damn that was the longest stroller on the block for awhile....
:)
Ha, you got me, w67!
"don't like interviews etc of co-ops "
I get it! W67 at a coop interview would be like vetting Groucho Marx for a judgeship on the Supreme Ct (of Freedonia). I'd pay to see that!
Just joshin' ya. I hope you get your price for the apt & bld you love.
How many bedroom is this unit?
" I would've bid no higher than $1.5MM "
That's why you'll never get in the GM if you keep thinking you can lowball your way in... here's a comp for you - way back in 2002/2003, the same line but on the 18th floor, it went for 1.5-1.6 (let's just say I know this building very, very well)
you live at the GM jsmith?
unfortunately the people here are cheapskates who think they can buy anything they want at 50% disocunts as if Manhattan is some sort of fucking garage sale.
it's a fucking stoop sale.
! I just got an email from a broker for an open house. She sent it to her mailing list of 200 recipients without hiding the email addresses. How is this lack of professionalism possible?
Sorry for coming so out of the blue, I can't believe it.
I mean, that my email address has been spread like that, in 2009 already.
mimi -- that is quite crummy indeed
You should out the broker -- name him/her here so that others are careful in the future
hey mimi, could you forward me that email?
(that was a joke for all the humour impaired)
I think the trade to which jsmith9005 alluded above is ACRIS Document ID 2003070300495004. #18H closed on 6/26/2003 for $1.475MM.
Whether 1965 Broadway will return to 2003 pricing is of course open to debate. There have certainly been recent sales on the UWS at 2003 prices, and I don't see any obvious reason 1965 B'way should be immune. Admittedly, I don't "know this building very, very well". I'm just looking at the data; if we're looking at the same property, I think jsmith9005 is drawing an unfounded inference about the current value of the "H" line.
FWIW, the previous owner appears to have bought #18H on 7/21/1999 for under $800K. So even the "way back in 2002/2003" trade already reflected four years of remarkable appreciation.
Great research W81.
$800K in 1999?????? This is why we are so screwed in bubble land. Increased more than 100% in 10 yrs.
800k was a deal for 18H in '99. I know because I was looking.
Mediocre (location-wise) large 2-bedroom condos were already up to 700k in '99.
$700-$800 for a 2 br 10 yrs ago. unfreekin believable.
11 yrs ago. 10 yrs ago, prices had gone up 10% up here. Large 1br condos were 300-350. I remember the Millenium ones were about 450 in '99.
i paid $800k for a large 2/2 condo in a very hot neighborhood early 2001 closing (but boutique loft building, no doorman). and i recall thinking it was quite expensive at the time. but i also remember the UWS condos seemed very expensive to me, compared to UES, Gramercy, Murray Hill, Midtown East.
jsmith9005.. now look what you've done, here we COME 1999... OBTW, if I'm such scum for looking for $1.5MM at GM, then what does that make all your neighbors that bought in the GM between 1999 and your unit's $1.5MM? I know I know... poor scum!
Also, maybe maybe.. .I still live there? as a renter?
Ask Gerard if he likes fishing (the answer is "HE LOVES IT."), did you know he's the youngest of like 7 children?, do you know Martin is being "daddy day care" and running a suntanning business and house cleaning business? He does a lot of cleaning in GM w/ his contacts from Poland...
hey when you see my RR parked outside while my wife brings the kids down... come over and say hi!
I backed into the 1999 price from the transfer tax payment. The mortgage amount confirmed it pretty conclusively, unless there's a wacky coincidence with the numbers.
My issues with jsmith9005's post were simply:
1) "2002-2003" casts quite a different spin for condo pricing than spring 2003.
2) The price is wrong.
3) The sharp appreciation prior to that sale is disregarded. Much of the run-up happened earlier.
4) The sneering tone is misplaced. What's so unrealistic about hoping a property will drop to a 2003 level? Waiting for 1999 pricing might be a pipe dream. 2003 is pretty close to reality already, for a lot of properties.
yo westie... how's my fav cross gender RE broker?
Fine thanks, 67. Work with Keith B. on the web site rewrite and the commission rebate program. Fun stuff.
"Working", that is.
1999 condo prices (spring '99). 2-br condos at 30W61, 2 Columbus (okay, arguably not UWS) were 700k. Trump was selling 200RSB at 700k+, large 1br at 450k+. The Alexandra was 800kish. Bromley was 700kish. I know Mill. 1brs were 450k+.
West81, the person looking for 4 bed in the UWS thread is looking for u. Check it out.