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950k crazy?

Started by 1for1
over 16 years ago
Posts: 4
Member since: May 2009
Discussion about
So, we've been looking for a 2+ to 3 bedroom, pre-war for appox. 950k. I think it's feasible, depending on where seller is at and based on what we've seen. I know a lot of people on this board are familiar with deals and wondering thoughts on best deals in and around UES.
Response by The_President
over 16 years ago
Posts: 2412
Member since: Jun 2009

if someone here knows of a great deal, the are going to keep it to themselves. And there is no way you are gong to buy a TRUE 3 bedroom for under $1 million.

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Response by aboutready
over 16 years ago
Posts: 16354
Member since: Oct 2007

alpie, quit spewing misinformation. he said a 2+ to 3. and i think a three should be doable on the UES. 1for1, i'm tired, so i'll look tomorrow.

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Response by julia
over 16 years ago
Posts: 2841
Member since: Feb 2007

Sniper just posted about friends buying a 2 bedroom on the UES for $600k so it's definitely doable.

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Response by 007
over 16 years ago
Posts: 195
Member since: Nov 2008

of course you can do it- you can find a walk-up, combine 2 apart, non doorman, east of 2nd ave, anywhere above 86th st and so on. The apartment condition and size will determine the price. Are you willing to do some work? look at 141 east 81th street for example.Please do not listen to the big P- he knows nothing and his comments are posted to elicit responses and self gratification- a big P who like to Mast....te on this boards.

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Response by sniper
over 16 years ago
Posts: 1069
Member since: Dec 2008

that's right. it was a 2BR, though, not 3BR and from what i heard not a huge 2 BR but it had great views, maint. approx. 1600 and was about 1150 sq ft. last listing price was 750 and i believe it just went into contract at 680K. it is a bit east and was/is a bit of a mess but they are gutting it and it will be brand new to them in about 4 or 5 months.

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Response by 5thGenNYer
over 16 years ago
Posts: 321
Member since: Apr 2009

Here is a true 3BR on the UES that just went into contract and ask was $999k (only $50k above your $950k target):
http://www.prudentialelliman.com/Listings.aspx?ListingID=1047793&rentalperiod=&SearchType=quick&Region=NYC

and here's another:
http://www.halstead.com/detail.aspx?id=1691022

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Response by aboutready
over 16 years ago
Posts: 16354
Member since: Oct 2007

not pre-war, 5thGen.

not a ton of pre-war product on the UES right now, in this price range. but it should be doable with some patience. my advice would be to wait until the sales reports come out in July, and see what comes on the market between then and the end of September, and whether there are major reductions in the $1.2-1.5 range, which i believe will happen. i will have a look in recorded sales and see if anything pops up.

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Response by The_President
over 16 years ago
Posts: 2412
Member since: Jun 2009

the last one is not a true 3 bedroom. They converted the living room into the 3rd bedroom.

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Response by columbiacounty
over 16 years ago
Posts: 12708
Member since: Jan 2009

too late for this listing:

http://www.streeteasy.com/nyc/sale/404133-coop-1349-lexington-avenue-carnegie-hill-new-york

but I would guess it went close to $1 million and there will certainly be more coming.

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Response by 5thGenNYer
over 16 years ago
Posts: 321
Member since: Apr 2009

This is a 2BR + small maids room (but not in back of the kitchen). So could be considered a 3BR. And this one is prewar I think.

http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1532348

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Response by 5thGenNYer
over 16 years ago
Posts: 321
Member since: Apr 2009
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Response by 1for1
over 16 years ago
Posts: 4
Member since: May 2009

Hi, Thank you for all the thoughts and comments. I appreciate it - well, the positive comments anyway. Thanks again.

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Response by nyc10023
over 16 years ago
Posts: 7614
Member since: Nov 2008

Not UES, but an "estate" 6 (2Brs, DR, LR, maid's) at 522WE was much talked about for a while as it closed at 950k.

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