FOR A LAUGH - PRICED at 2008 + 40%

highsterical - and why would one care if there is a benchseat?

i wonder what they're smoking?????? must be something reallllllllly good.

i just want some of it -- who wants to leave in that crappy 'hood - any pay over 1000 per sft --

i wonder if we can use this thread to show more of these listings for a good laugh. it'd be a good complement to the IYCDMMWC threads.

http://www.streeteasy.com/nyc/sale/385435-condo-240-west-end-avenue-lincoln-square-new-york

On the market 3 months, after price INCREASED -- now it's "in contract".

LOL.

Wow! $795,000 for 710 sq ft at $1,119 per sq ft?!? On top of that the cubic sq ft is lame as well! What is that, 7' 8" ceilings! HAHAHAHA! The ceilings are as low as the maternity ward at the fugly projects inspired Beth Isreal Medical Center building at 16th St/1st Ave!

Prices in Manhattan are holding up a lot better than everyone is expecting. If you want bargains, new developments might be the best option.

"a walk-in storage closet large enough to store a hanging bike"

Hold me back.

my question is why would the agent suggest that price or go along with the price...isn't it the agent's job to price the apartment correctly.

agent's job:

#1 get the listing
#2 get the listing
#3 get the listing
#4 how that somebody buys the listing

wow- ok, what do we think it will go for?
It's basically a nice one bed... my guess is 450k or it is taken off the market

another fun thread can be "what we would have priced it at"

carolst, have a look at the comps threads.

I'm going to defend this listing, believe it or not.
The original purchase was at a pre-construction price - under $800/sf. Whatever you feel about the apartment's location, that's significantly below the average ppsf for a new condo in 2008. At first I thought the renovation the listing refers to was the sponsor's own, which would be disingenuous at best. But the seller did indeed alter the property in a way that will appeal to certain buyers (check the other B line units for sale - they have smaller bathrooms, for example. And I like that bench seat!)

Is the reno alone worth two hundred grand? No. Will it sell for less than the current asking price? Probably, right? The seller seems to have room to negotiate. Will it sell before the sponsor unit at 23B? http://www.streeteasy.com/nyc/sale/417725-condo-212-east-47th-street-turtle-bay-new-york? Well if I were buying in the building (which I wouldn't, but still), I'd take the resale despite the fact that its on a lower floor. Fewer closing costs, better floor plan, and that sweet bench in the dining room.

Where would I have priced it? I might start where they started, knowing that buyers will be looking at the in-building comps on the market. And then when buyers have had a chance to view the competition, I'd either drop the price to $699K or take an offer around that number.

Tina
(Brooklyn broker)

You can fix a lot of design flaws with a little bit of money but fixing a low ceiling cannot be done, excluding combing two apts on top of each other & demoing one of the units to make for higher ceilings, but come on, that would be a waste of money.

I'm not the tallest in the world, but am 6'2". I didn't & I won't ever look at any apts that have ceilings lower than the 10' minimum. 11'+ would be ideal for me and my present condo has 12' ceilings. For me it's all about the ceiling height. I could care less about high end kitchen appliances. Give me ceiling height!

the bedroom of this unit is only 10X10, of the "unrenovated" unit is 10X13. for a small room, that's huge difference. 10X13 = king size bed will fit, 10X10 = queen size will squeeze in.

building a closet upon entry and creating a bench seat will not cost more than $10K. making the bathroom bigger..... who cares??????

as for the sponsor selling for the same price, good luck. we'll see you in 6 months at under $650K.