How was open house traffic today? (june 7th)

Zero, but the apt was overpriced. Not surprising. Crowded at the prewar conversion sales office.

20 people as my assistant ran my OH at 152 E 94th - but seller just did another 10% price cut last week. I still think traffic is active out there.

I saw five apartments (alcove studios) at 205 Third Avenue...no one was there. They didn't even ask me to sign in...The prices are still high... one studio was $549k and the others were $519, 495,475 and 425. The $425k had such a bad odor when she opened the door I thought a dead body was inside..the place was a mess, dirty and just horrible.

Julia, messy, dirty & bad odor you can correct (it will probably self-correct once you start to paint, etc.) so for the difference of 125k you need to look BEYOND appearances. Good luck!

i thought $425k was too high for the horrible condition..the $549k apartment was beautiful but crazy price.

also, after seeing studios that are still overpriced and in bad condition I'm going to RENT!!!

Yuck. On the other hand, who wants to pay over $400k for a dead-body-smelling small space? That's still bubble pricing.

Yay renting!

At Halstead 306 West 100th (prewar seven room for $1.695M) three other names were signed in when my wife and I arrived at the end of the OH. Liked the street...layout didn't work for us.....obviously light turnout....

Saw 50 East 89th street.
Loved it!
Did not do a scrap of research but, the building seems in great condition. The apartrment is dated and needs renovation. Mostly cosmetic, no invasive surgery. Beautiful views and a smooth if not slightly small layout. Not exactly priced to fly off the shelf but, worthy of consideration. Anyone know anything about this building?

I went to several open houses in the Flatiron and Chelsea areas today and there wasn't much traffic at all.

ditto

I went to a few open houses for brownstones in Park Slope--all in the $2+ million range. Very little traffic. To the point that the broker gave me a personal tour in 2 different homes. I was surprised.

"The $425k had such a bad odor when she opened the door I thought a dead body was inside..the place was a mess, dirty and just horrible."

"messy, dirty & bad odor you can correct (it will probably self-correct once you start to paint, etc.) so for the difference of 125k you need to look BEYOND appearances. Good luck!"

Bullshit.

If you want to sell an apartment for more than 200% of the U.S. median home price, CLEAN THE DAMN PLACE UP.

NYCMatt...that's the big difference between now and the last few years...buyers would have accepted an apartment in any condition, even one with a dead body in it..not anymore..it's insulting to the buyer..just like when you heard a low bid was insulting to a seller.

Went to one that was low-priced for square footage in Manhattan Valley. The turnout was heavy, but to the surprise of all, it was a total wreck that needed a full gut and was on the first floor without a full time doorman. So the low price, really wasn't a low price. It should have been listed at 200-300K less than it was (899k).

bronxboy, where did you go? Did you see any at 50 w 106?

"that's the big difference between now and the last few years...buyers would have accepted an apartment in any condition, even one with a dead body in it.."

Buyer: Does the rotting corpse come with the apartment? It looks sooooo perfect all crumpled-up there in the middle of the living room floor, I don't think I could find another one just like it.

Broker: I am sure we can convince the owner to include it. We'll just add a little more to the offer.

Addressing the bad odor issue: beware of cat urine that has permeated wood flooring---it always sneaks out in humid weather.

Inquirer,

It was an apartment on Cathedral Parkway near Broadway.

"beware of cat urine that has permeated wood flooring---it always sneaks out in humid weather."

broker translation:

"PURR-FECT CONDITION!" "OH, WHAT A FELINE!" etc etc etc