wanna buy a large piece of the Manhattan rock? only $10

"Dumb midwesterners with $5 million to spare with no clue about RE who want to live in Manhattan but don't understand that washington heights is nowhere near times square will save us!"

Yes, the lot is amazing and thinking about it, is probably a rare opportunity to build a great private house in Manhattan. Regarding the price, they did not say $10 million or $1 million, but rather they said "for the cost of a large one bedroom condo". I had the impression that the price was best offer or below one million. If you reread the place where they are advertising ( http://www.etnyc.com ), you will see what I mean.

did you figure out where it is -- they dont respond to my emails

re- check you math. its says would take less then $60/ buildable sq ft. list 16k buildable...

joedavis, it's between Magaw Place and Bennett Avenue, north of 181st St. Block 2180, lots 75 and 76.

Last sold for $7K in 1987; taxes for the two lots are now running >$5K per year.

Thx NWT
Looks like a tight spot between 2 sets of tall buildings and a large rock. Far cry from the etnyc pics that suggest vistas with NYC and Hudson river views
7k in 1987, so any price ok today?
I see that the suggestion is $1 million, with a failed sale at 2.7 million, and the price of a large 1 bed room condo -- which in that location is probably headed to under $500k
I can't say what the fair value of this spot is for a developer who wants to build a tall building.
for a single/2 family house, this is not as attractive a spot a suggested. would depend very much on the individual, but given the current situation with construction loans, this is not likely to move except to a speculator
7k in 1987 to 300k in 2009 with current taxes at $5k and increased at 3% per year from 1987 gives you a 10% rate of return, which is not bad. I did not account for the income tax deduction provided by the property taxes. So, the seller ought to be willing to accept something in that range. Too bad they did not execute on the 2.7 million offer