The Olcott
Started by yudimar
almost 19 years ago
Posts: 43
Member since: Jun 2006
Discussion about The Olcott at 27 West 72nd Street in Upper West Side
three million for a 2 bedroom...no matter how much money you have why would you throw it away in the housing market now. It's definitely way too high
we threw 3milaway on the housing market so our family of 5 could own a home. is that okay with you?
one door away from the dakota...what's the down-side?
It's a great location & a nice looking building. Have you actually seen the apartments?
i did.the apt are small not worh it to me
Family of 5 in a 2 bedroom? If you have too I can see it, but when the purchase price is 3 million?
bid low, bid low, bid low, bid low......
Checkout thie website http://www.olcottresidents.com/ for info on this condo.
Gee, the website looked nice but this Olcott Informer business is unsavory & I wouldn't like the idea of supporting the owners by buying into the building if their behaviour is so egregious. Not good.
no i bought a townhouse for 3mil. i am not a fool
Dallas BQ is killing me. This is a fantastic building but there always seems to be tons of peolpe hanging outside at dbq into the late evening making niose. Is this legal? They are often yelling and screaming.
#12, Do you live in the Olcott? I thought they were still undergoing renovations.
I have a friend who lives in a 2 bd. Nice apt, the finishes are good and heated floors. Not the hugest place though and they don't tell you this, but there are some rent controlled people who still live in the building. I think overpriced and it is still basically under construction.
I'm number 12 and I do live there for 4 weks now. You may think its overpriced but the apartments are already getting 35% more then what was initially paid for them. Beutiful aprtments and fantastic location. There are still some old tennants that live there that all seem very nice. There is some construction going on that does not bother me very much at all. Construction should be over by the end of the summer.
The Olcott was a welfare hotel they just converted. It was the least fancy building on a nice block for many years, housing derelicts. It's amazing they are selling these apartments for millions, trying to play up it's rich history.
No one is trying to play up the history. Its simply supply and demand in nyc real estate. The quality and location of the apartments is what is fetching the "millions"
Just listed 1BR resale at $1,376 per ft:
http://www.streeteasy.com/nyc/talk/discussion/1356-the-olcott
Sorry: http://www.streeteasy.com/nyc/sale/350315-condo-27-west-72nd-street-upper-west-side-new-york
That's what they're asking; let's see what they get. It has a good location & the building is attractive but I've always thought the units were small; didn't it used to be a hotel? Time will tell. It seems to me that it's just too soon to tell where the prices are going to go, given this past week.
Yeah, it was a hotel and has been completely gutted. There are a couple of remaining rent-controlled tenants. I am wondering what this unit sold for in May 2007.
sold for 840K in May '07
Thanks. So this seller thinks that his purchase has gone up 18% in the last 1.5 years. Interesting.
my sister lived here for quite a while. Apt had 2 bd and it cost a fortune even though she bought it a few years ago, even then it was way overpriced. Total waste of $$ if you ask me, but she could say she lived at 72nd and Central Park West ^ always to questions in awe of "you live in the Dakota?????".....great address, crappy building. I assure you it will lose 50-80% of its value within the next few years. Very dark, boring apartments, plus it still has rent controlled tenants in it (they publish a newspaper too these rent controlled people so they are not forgotten.....) terrible I'd stay away.