How to unload an apartment

Another multiple-bid quickie: http://streeteasy.com/nyc/sale/560552-coop-1125-park-avenue-carnegie-hill-new-york

10/08/2010 Listed by Gumley Haft Kleier at $5,600,000.
10/25/2010 Listing entered contract.
01/05/2011 Sale recorded for $5,650,000.

Peak in the line was #2B for $6,350,000 in late 2007.

Although well below peak, that 1125 Park sale still impressive: a 33% increase over the sale of #4B, renovated with central air, in 2006.

Not sure if anyone picked this sale up: 3BR at the Ardsley (320 CPW) sold within ~2 months of being listed, 4.2% over ask:

12/30/2010 #7MN $1,615,500 +4.2% $1,550,000 Sold 3 beds 3 baths

While maintenance is a bit high at $2,500+, still looks like the sellers might have left a little money on the table.

aptometrist: I think #7MN kindled sufficient interest to have also sold #6MN, which had languished for a year.

In this particular battle of the floors, 6MN looks like a definite case of "sloppy seconds" - nonetheless, congratulations to the sellers!

450 West End Avenue #1B: Renovated 2/2, went to contract in a blink at the start of fall selling season.
09/08/2010 Listed by Prudential Elliman at $999,000.
09/21/2010 Listing entered contract.
01/03/2011 Sale recorded for $999,000.
http://streeteasy.com/nyc/sale/551776-coop-450-west-end-avenue-upper-west-side-new-york

Ground-floor 2/2 at Stewart House: http://streeteasy.com/nyc/sale/558489-coop-70-east-10th-street-greenwich-village-new-york

10/01/2010 Listed by Brown Harris Stevens at $1,050,000.
10/28/2010 Listing entered contract.
01/31/2011 Sale recorded for $999,000.

Higher-floor apartments with same footprint (B/E/L/M/R lines) were going for $1,200,000 or so in 2009 and a couple of hundred thousand more at peak.

A (relatively) quick sale of a 2/3 BR in the UWS @ 161 W 75th. A good use of space (enlarged maid's room into a proper 3rd BR at the expense of a smaller formal DR), combined with a great public school district (PS87) has allowed this unit to sell within 4 months without a price chop. I'm guessing it cleared right around or even slightly higher than the asking price.

http://streeteasy.com/nyc/sale/560598-coop-161-west-75th-street-upper-west-side-new-york?email=true

302 West 86th Street #2B:
10/27/2010 Listed by Corcoran at $2,785,000.
11/21/2010 Listing entered contract.
01/31/2011 Sale recorded for $2,685,000.
http://streeteasy.com/nyc/sale/564475-coop-302-west-86th-street-upper-west-side-new-york

NYC10023 has mentioned the current sweet spot for UWS pre-war sellers in the $2.5MM range. C7s in that vicinity are generating three-line histories because of scarce supply. The sample is small, but the formula is working: nice condition; reasonable price (with a bit of negotiability); quick sale.

The price appears to be a new high for the building, which doesn't normally happen on the second floor. A couple of caveats are in order: #10B had lost a room, and the other big units I saw needed work.

515 West End Avenue 14A and 11A: Quick work by Stribling on a pair of 2/2s:

09/07/2010 Listed by Stribling at $1,150,000.
10/07/2010 Listing entered contract.
01/27/2011 Sale recorded for $1,150,000.
http://streeteasy.com/nyc/sale/551479-coop-515-west-end-avenue-upper-west-side-new-york

03/28/2005 Previous Sale recorded for $1,300,000.
09/30/2010 Listed by Stribling at $1,325,000.
10/18/2010 Listing entered contract.
01/14/2011 Listing sold.
01/14/2011 Sale recorded for $1,325,000.
http://streeteasy.com/nyc/sale/558373-coop-515-west-end-avenue-upper-west-side-new-york

Quite a turnaround from the same agent's experience chasing the market with #10A in 2008:
04/03/2008 Listed by Stribling at $1,395,000.
04/15/2008 Price decreased by 7% to $1,295,000.
05/01/2008 Price decreased by 4% to $1,245,000.
05/30/2008 Price decreased by 4% to $1,190,000.
07/10/2008 Price decreased by 3% to $1,150,000.
09/09/2008 Price decreased by 5% to $1,095,000.
12/19/2008 Listing is no longer available.
http://streeteasy.com/nyc/sale/212425-coop-515-west-end-avenue-upper-west-side-new-york

Classic 6 - estate sale (no pictures of kitchen or baths) but obviously well maintained.

http://streeteasy.com/nyc/sale/554863-coop-142-east-71st-street-lenox-hill-new-york?email=true
09/18/2010
Listed by Brown Harris Stevens at $2,295,000.
12/08/2010
Listing entered contract.
02/14/2011
Listing sold.

Bang-zoom: http://streeteasy.com/nyc/sale/565743-coop-146-central-park-west-upper-west-side-new-york

11/02/2010 Listed by Stribling at $4,895,000.
11/16/2010 Listing entered contract.
01/10/2011 Sale recorded for $4,800,000.

About the same as #2G went for last year. Neither clears the trees.

Not quite sold yet (don't want to jinx the sellers!), but entered contract within 3 weeks of listing. Well-priced UWS 7 with reasonable maintenance -- a rare species, hence the quick deal. I'm thinking bidding war...

http://streeteasy.com/nyc/sale/579147-coop-334-west-86th-street-upper-west-side-new-york?email=true

Nicely-done classic six with great kitchen cabinets: http://streeteasy.com/nyc/sale/555479-coop-15-west-81st-street-upper-west-side-new-york

09/20/2010 Listed by Corcoran at $3,495,000.
11/04/2010 Listing entered contract.
01/28/2011 Sale recorded for $3,390,000.

Low-floor F's, unrenovated, went for $2.5M and $2.8M in 2005 and 2006.

One-bedroom with reservoir view: http://streeteasy.com/nyc/sale/554872-coop-300-central-park-west-upper-west-side-new-york

05/01/2007 Previous Sale recorded for $2,200,000.
09/18/2010 Listed by Brown Harris Stevens at $2,800,000.
10/15/2010 Listing entered contract.
01/18/2011 Sale recorded for $2,700,000.

Reno is pre-2007. The sellers are trading up to a six-room downstairs.

This time they got the pricing right: three weeks to sell with multiple bids. http://streeteasy.com/nyc/sale/557596-coop-290-west-end-avenue-upper-west-side-new-york

10/16/2007 Previously Listed by Warburg at $4,495,000.
05/05/2008 Delisted temporarily by Warburg. Last priced at $4,200,000.
09/28/2010 Listed by Warburg at $3,000,000.
10/19/2010 Listing entered contract.
01/26/2011 Sale recorded for $3,200,000.

Full-price quickie: http://streeteasy.com/nyc/sale/570896-coop-320-west-end-avenue-upper-west-side-new-york

12/02/2010 Listed by Brown Harris Stevens at $2,995,000.
12/11/2010 Listing entered contract.
02/08/2011 Sale recorded for $2,995,000.

Another three-liner at 1155 Park: http://streeteasy.com/nyc/sale/564534-coop-1155-park-avenue-carnegie-hill-new-york

10/28/2010 Listed by Corcoran at $6,395,000.
01/07/2011 Listing entered contract.
02/25/2011 Sale recorded for $6,300,000.

Either the board moved quickly, or it went to contract earlier than 1/7.

The seller bought this, for a few million more: http://streeteasy.com/nyc/sale/214557-condo-535-west-end-avenue-upper-west-side-new-york

210 West 90th Street #PH5: Cute, goofy Astor Court penthouse went fast and high.
10/14/2010 Listed by Halstead Property at $1,695,000.
11/10/2010 Listing entered contract.
02/28/2011 Sale recorded for $1,740,000.
http://streeteasy.com/nyc/sale/561702-coop-210-west-90th-street-upper-west-side-new-york
The neighbors will be pleased.

Indeed.

"210 West 90th Street #PH5"

for some reason i thought that was the place a very vocal happy camper around here bought. of course, chronologically it doesn't make sense and is completely wrong, but for some reason i associated this place with him. weird.

lucillebluth, just be polite and say "indeed" and leave it at that.

oh! it's great! i didn't see it in person because we had resolved to abandon ship by then, but it definitely struck me and i've gone back to look at the pics many times, because that's the closest to a home where i'd want to live as any i've ever seen. congratulations! live long and prosper.

Very nice for I won't say whom, since we're being discreet. This has larger terrace -- maybe too big -- but no door to hallway, so a good comp. 591 shares versus 448, for no reason I can see except for more outdoor space.

This nails his in the "bargains of 2009" list. IIRC there were posts back then saying he'd be wanting to take the gas pipe by now.

Also this one has more room for growing tomatoes, but not the best sun exposure. Still good for the sidecars, though.

omg what an idiot. this is not the apartment *he* bought. there was a time when lucille's brain worked, but that time is in the past.

Fast and high (stealing from West81st): http://streeteasy.com/nyc/sale/563440-coop-15-west-81st-street-upper-west-side-new-york

10/21/2010 Listed by Corcoran at $3,100,000.
11/10/2010 Listing entered contract.
02/24/2011 Sale recorded for $3,000,000.

nwt, this building seems to have had a lot of turn over in the last 2 years. or is this normal for a building this size?

A high proportion of aging tenents maybe?

It's about 10% over 2009-2010. Same proportion in my building (nowhere near 15W81's money) which I tend to take as being normal, for no reason at all.

I think West81st has actually seen most of them as they came up for sale, so might be able to peg the demographics. Sometimes you can get a sense for that stuff just from the furniture, books, age of renovation, etc.

I think Spinny's right about the sales at 15 West 81st: Mostly generational turnover.

Hard to put a "right" price on #13H; unique apartment.

West81 - I just looked at the recent sales/currently for sale at 15 Wesr - seems as if the recent sales were totally renovated, as are some of the new high priced listings. Somehow, in my head, I always think of "generational turnover" as involving estate sales, which doesn't seem to be the case here.

Really curious as to how these "classic 5's" (not the coveted 6's and 7's) are commanding such high prices. As this is your area of specialty, can you enlighten?

15W81 has commanded high prices/sqft for a long time, even for the non-view apts. It kinda eludes me, unless the specific location is everything for some people. I remember how shocked I was that an estate condition, north-facing 6 had an ask of 2.6ish 6+ years ago and sold for that. The principal rooms may be large and gracious, but the dogleg aspect doesn't appeal to me.

A good pricing strategy got them a quick sale and multiple bids: http://streeteasy.com/nyc/sale/563968-coop-246-west-end-avenue-lincoln-square-new-york

12/28/2006 Previous Sale recorded for $1,476,462.
10/25/2010 Listed by Prudential Elliman at $1,495,000.
11/16/2010 Listing entered contract.
03/03/2011 Sale recorded for $1,576,000.

10/18/2005 ..#2A $1,265,000
10/19/2006 #11A $1,481,000
12/28/2006 ..#5A $1,476,462
05/29/2007 ..#4A $1,510,000
09/11/2008 ..#8A $1,715,429
11/23/2009 #10A $1,550,000
02/18/2010 #11A $1,650,000
03/03/2011 ..#5A $1,576,000

I'm watching that bldg closely. Looking for my AHGF combo.

I think I saw one, or most of one, in the DoB permits or somewhere. There's a low-floor (2 or 3?) one, judging by ceiling fixtures etc.

NYC10023 - maybe just give in and move to the UES where the apartments were never broken up - great 8/9/10 rooms - as they were originally built. By the time you can buy the apartments to combine, and do the work, the price might be almost the same.

Low-maintenance postwar 2/2: http://streeteasy.com/nyc/sale/560415-coop-415-east-52nd-street-turtle-bay-new-york

10/08/2010 Listed by Warburg at $1,100,000.
11/22/2010 Listing entered contract.
03/04/2011 Sale recorded for $1,075,000.

Peak for the line or its H twin was #3HC in 2007 at $1,300,000. That one was renovated while this one "needs TLC."

We would NEVER pass an UES board for a Carpenter bldg.

NYC10023 -I think you sell yourself way short. And there were other architects doing great buildings on the UES

Lots of three-liners last week. Here's a postwar 8-room: http://streeteasy.com/nyc/sale/566554-coop-8-east-83rd-street-upper-east-side-new-york

11/05/2010 Listed by Prudential Elliman at $3,999,000.
12/13/2010 Listing entered contract.
03/02/2011 Sale recorded for $3,725,000.

The F-line has two bedrooms in one wing and either one, two, or three in the other.

03/02/2011 #9F $3,725,000 (8 rooms)
02/13/2008 #3F $3,300,000 (7 rooms)
01/09/2008 #5F $3,100,000 (7 rooms)
03/20/2007 #7F $3,825,000 (9 rooms)

Buyer traded high maintenance for price in this classic-six layout in a post-war land-lease:

12/07/2010 Listed by Halstead Property at $925,000.
01/06/2011 Listing entered contract.
03/14/2011 Sale recorded for $900,000.

F and same-layout A lines on upper floors (28-47) went for as much as $2,100,000 in 2007.

NWT - which building? 303 East 57th?

Oops, yes: http://streeteasy.com/nyc/sale/571674-coop-303-east-57th-street-sutton-place-new-york

Another way - just double the asking price
http://streeteasy.com/nyc/sale/589571-condo-28-east-10th-street-greenwich-village-new-york
09/27/2010 Previously Listed by Stribling at $2,200,000.
11/03/2010 Stribling Listing is no longer available.
03/10/2011 Listed by Stribling at $4,750,000.
03/28/2011 Listing entered contract.

ph41: Check the listings for 28 East 10th #10D. The 2011 listing is a combination with the adjacent apartment.

West81st - combo with which apartment? 10C just closed 10/10, and the sf don't add up.

I haven't done the geometry. The sponsor may have chopped up units and combined pieces to optimize value. I'll go back to the original floor plans when I have time.

10D isn't 10C + 10D - it's 10D plus 10 "E". Look at the floorplans for the larger "E" lines on lower floors. 10 "E" is half of 4E.

I think the 10C+10D was a missed opportunity, given resale prices. 10C+D would have made a better "family" 4br with (horrors) a kitchen open to the DR & LR.

Ours at 3 Sheridan Square:

http://streeteasy.com/nyc/sale/563064-coop-3-sheridan-square-greenwich-village-new-york

Conv. 2-BR list $995K, multiple bids, sold for $1.07M

ali r.
DG Neary Realty

Good job there! Knocked 2E right out of the running.

04/15/2005 Previous Sale recorded for $695,000.
10/20/2010 Listed by DG Neary Realty at $995,000.
12/08/2010 Listing entered contract.
03/01/2011 Sale recorded for $1,070,000.

Gone in only three weeks at first ask: http://streeteasy.com/nyc/sale/570622-coop-150-east-69th-street-lenox-hill-new-york

03/24/2006 Previously Listed by Corcoran at $2,100,000.
08/08/2006 Corcoran Listing sold. Last priced at $1,950,000.
08/08/2006 Previous Sale recorded for $1,925,000.
11/30/2010 Listed by Corcoran at $2,250,000.
12/22/2010 Listing entered contract.
03/14/2011 Sale recorded for $2,250,000.

The sellers are down a bit, as they did a full renovation. (The tilt-and-turn balcony windows alone are big money.) This sale is still a record for the matching C/E/Q/S lines, as was the 2006 sale.

The above-mentioned 2E: http://streeteasy.com/nyc/sale/555845-coop-3-sheridan-sq-greenwich-village-new-york

09/21/2010 Listed by Citi-Habitats at $995,000.
01/05/2011 Listing entered contract.
03/17/2011 Sale recorded for $955,000.

Small rowhouse one-bedroom: http://streeteasy.com/nyc/sale/575580-coop-42-east-73rd-street-upper-east-side-new-york

05/17/2008 Previously Listed by Corcoran at $895,000.
06/17/2008 Delisted temporarily by Corcoran.
01/07/2011 Listed by Warburg at $525,000.
03/09/2011 Listing entered contract.
03/16/2011 Sale recorded for $569,312.

May not count, as we expect sponsors to get real faster than other sellers, but above ask and to a Corcoran broker.

#3A, a floor down, sold for $516,000 a year ago.

http://streeteasy.com/nyc/sale/570558-coop-10-west-66th-street-lincoln-square-new-york
10/19/2009 Previously Listed by Marilyn Korn Real Estate at $1,300,000.
10/31/2009 Delisted by Marilyn Korn Real Estate. Last priced at $1,300,000.
11/30/2010 Listed by Marilyn Korn Real Estate at $1,299,000.
01/17/2011 Listing entered contract.
03/16/2011 Listing sold.
03/16/2011 Sale recorded for $1,330,000.

http://streeteasy.com/nyc/sale/566337-coop-617-west-end-avenue-upper-west-side-new-york
1/04/2010 Listed by Sotheby's International Realty, Inc. at $1,150,000.
11/23/2010 Listing entered contract.
03/10/2011 Listing sold.
03/10/2011 Sale recorded for $1,150,000.

http://streeteasy.com/nyc/sale/566224-coop-50-east-89th-street-carnegie-hill-new-york
11/04/2010 Listed by Corcoran at $1,425,000.
12/13/2010 Listing entered contract.
03/16/2011 Listing sold.
03/16/2011 Sale recorded for $1,425,000.

Just noticed this one
Parc Vendome - large 3 BR 2 Bth
http://streeteasy.com/nyc/sale/551878-condo-350-west-57th-street-clinton-new-york
This was the estate sale of the songwriter Ellie Greenwich. The apartment looked absolutely beautiful, and the "celebrity" factor probably didn't hurt.
http://streeteasy.com/nyc/sale/551878-condo-350-west-57th-street-clinton-new-york
09/09/2010 Listed by Sotheby's International Realty, Inc. at $2,495,000.
10/15/2010 Price decreased by 4% to $2,395,000.
11/30/2010 Listing entered contract.
02/12/2011 Listing is no longer available.
Closed 2/10/2011 $2,295,000.

The piano-keys marble in the front hall is sort of cute.

I thought so - well done - if you didn't know whose apartment it was, you might not even get that.

Stewart House 2/2 with original baths and metal cabinets in kitchen: http://streeteasy.com/nyc/sale/565810-coop-70-east-10th-street-greenwich-village-new-york

11/02/2010 Listed by Sotheby's International Realty, Inc. at $1,495,000.
11/24/2010 Listing entered contract.
04/06/2011 Sale recorded for $1,475,000.

15J at Stewart House sold for $1,100,000 on 10-21-09. Granted it's 6 floor below 21J & I'm guessing it was estate condition.
http://streeteasy.com/nyc/sale/407488-coop-70-east-10th-street-greenwich-village-new-york

Reno'd Carlyle nine-room, sold in three weeks: http://streeteasy.com/nyc/sale/576548-coop-50-east-77th-street-upper-east-side-new-york

01/11/2011 Listed by Corcoran at $6,450,000.
02/03/2011 Listing entered contract.
04/12/2011 Sale recorded for $6,350,000.

The same-footprint 11C upstairs sold last year for $5,600,000 after a long time on the market.

Oops, 11C is slightly smaller because of a couple of little setbacks.

This one only half counts: a three-liner, but lingered on market and took forever to close.

http://streeteasy.com/nyc/sale/467490-coop-10-gracie-square-yorkville-new-york

09/30/2009 Listed by Prudential Elliman at $12,500,000.
05/05/2010 Listing entered contract.
05/11/2011 Sale recorded for $12,000,000.

The buyers are one of the Rudin families. They'd been renting (presumably a nominal rent) the penthouse at their 544 E 86th, around the corner.

that powder room smack dab in the middle of the library must have turned some buyers off - LOL

>that powder room smack dab in the middle of the library must have turned some buyers off -

Tell me about it.... and remember it was columbiacounty who threw a fit when he visited a rental on Riverside Drive that had a window in the shower.

What passes for a starter place at the San Remo: http://streeteasy.com/nyc/sale/588695-coop-145-central-park-west-upper-west-side-new-york

03/07/2011 Listed by Stribling at $7,600,000.
03/21/2011 Listing entered contract.
05/12/2011 Sale recorded for $7,400,000.

The sellers are moving to a park-view corner upstairs, and just closed on this one: http://streeteasy.com/nyc/sale/579535-coop-145-146-central-park-west-upper-west-side-new-york

600 West End Avenue #8D: This one stumps me completely.
02/15/2011 Listed by Prudential Elliman at $1,395,000.
03/08/2011 Listing entered contract.
04/29/2011 Sale recorded for $1,525,000.
http://streeteasy.com/nyc/sale/583783-coop-600-west-end-avenue-upper-west-side-new-york
The share allocation for #8D seems abnormally high, so there might be more to this one than meets the eye. As far as I can tell, though, it's just a case of multiple buyers falling in love with the same apartment.

I'd have fallen for the four french windows in the LR, with their fun-to-futz-with crémone bolts. Wondering, though, how they heat and AC that room. No radiators that I can see, unless they're sort of buried in the floor under the windows.

NWT: how do they heat similar rooms at the Ansonia?

There the windows on the balcony floors don't extend so close to the floor, so there's a short window-seat/radiator-enclosure under the windows, like http://img.streeteasy.com/nyc/image/64/13973164.jpg

Or the fifth floor at the Apthorp, where there're casement windows and little balconets in the corner rooms: http://img.streeteasy.com/nyc/image/3/15500403.jpg

Closest I can find to the 600WEA windows is this at http://streeteasy.com/nyc/sale/482245-coop-778-park-avenue-upper-east-side-new-york, where each french door is up one step with a radiator built into it. Can't see anything like that at 600WEA, though, and now it's too late to go inspect.

http://streeteasy.com/nyc/sale/579369-coop-54-morningside-drive-morningside-heights-new-york

There are no visible radiators in or around the Fr. windows here either. Looks like the radiator is located in the "library" room.

600 WEA was originally arranged as two apts to a floor (10 & 11 rooms), so 8D's living room was probably part of a LR/DR/library enfilade, and heating less of a concern.

Those doors are huge! I see a capped-off radiator pipe to the right in that corner-room pic.

Yeah, they tended to be over-radiatored, so OK most of winter.

Fast and at-ask: http://streeteasy.com/nyc/sale/579484-coop-44-west-77th-street-upper-west-side-new-york

01/26/2011 Listed by Corcoran at $4,900,000.
02/08/2011 Listing entered contract.
06/01/2011 Sale recorded for $4,900,000.

Others in the E-line have gone for more, but they have the extra 1.5-height studio room.

Just checked the share allocations.

At $-per-share, 8E was just shy of what 10E went for in mid-2008, pre-Lehman.

The sponsor valued the extra-room apartments (e.g. 7E and 9E) at about 25% more than those without (e.g. 8E.) At this building's maintenance, that's about $1600 per month more for that one grand room.

969 Park Avenue #5B: move-in 2BR/2BA with split bedrooms; as clean as a sale can be.
03/02/2011 Listed by Stribling at $2,400,000.
03/22/2011 Listing entered contract.
06/09/2011 Sale recorded for $2,400,000.
06/14/2011 Listing sold.
http://streeteasy.com/nyc/sale/587307-coop-969-park-avenue-upper-east-side-new-york

6-16 West 77th Street #10/11F: Rear-facing estate duplex found a buyer quickly.
01/31/2011 Listed by Prudential Elliman at $5,200,000.
02/18/2011 Listing entered contract.
06/01/2011 Sale recorded for $5,100,000.
http://streeteasy.com/nyc/sale/580437-coop-6-16-west-77th-street-upper-west-side-new-york

BTW, the PH seller at 15CPW is already unloading his 5th Ave purchase. I wonder why.

Hmmm, maybe they miss the west side.

http://cityroom.blogs.nytimes.com/2011/06/16/big-deal-soon-after-buying-developer-to-sell-fifth-avenue-co-op/

Just read that they never moved from 115CPW into 15CPW or 927Fifth. Makes sense....

262 Central Park West #13E: Eight rooms, spectacular park views, two weeks to contract.
04/07/2011 Listed by Corcoran at $9,688,000.
04/21/2011 Listing entered contract.
06/08/2011 Sale recorded for $9,910,000.
http://streeteasy.com/nyc/sale/597646-coop-262-central-park-west-upper-west-side-new-york

The ink was barely dry on the buyers' 2010 purchase at the San Remo.

40 West 67th Street #10A: Unique five with lots of outdoor space in a great location. Needed work, including a new kitchen, but that doesn't seem to have scared at least two determined bidders.
03/10/2011 Listed by Warburg at $2,150,000.
03/25/2011 Listing entered contract.
05/19/2011 Sale recorded for $2,500,000.
http://streeteasy.com/nyc/sale/589529-coop-40-west-67th-street-lincoln-square-new-york

145 West 86th Street #9A: An interesting tactical retreat. The original 2008 listing ran smack into Lehman. So the sellers rented the apartment out for two years and sold in a more favorable environment.
09/19/2006 Previous Sale recorded for $1,890,000.
10/25/2008 Previously Listed by Corcoran at $2,250,000.
10/29/2008 Delisted temporarily by Corcoran.
03/19/2011 Listed by Corcoran at $1,825,000.
04/12/2011 Listing entered contract.
06/15/2011 Sale recorded for $1,825,000.
http://streeteasy.com/nyc/sale/592045-coop-145-west-86th-street-upper-west-side-new-york

Those 145-to-262 people sure know how to swoop right in and bid high.

500 West End Avenue #2B: Big, renovated corner seven (more like an eight-into-seven) on the third floor of a pre-war condo.
06/04/2002 Previous Sale recorded for $1,728,500
02/25/2003 Previous Sale recorded for $2,365,000.
01/11/2011 Listed by Warburg at $3,500,000.
02/07/2011 Listing entered contract.
06/07/2011 Sale recorded for $3,500,000.
http://streeteasy.com/nyc/sale/576288-condo-500-west-end-avenue-upper-west-side-new-york

These are heady times for pre-war sellers on the Upper West Side. 500 WEA seems to be moving toward the upper tier of pre-war condo pricing, nearly a decade after converting, despite a fairly high concentration of sponsor rentals - about a third of the building, I think.

"These are heady times for pre-war sellers on the Upper West Side."

Not particularly, w81st. The apt had a 48% increase since Feb 2003. The SE index was at 1275 in Feb 2003, it is at 1835 as of Apr 2011, so a 44% increase.

Welcome to the bubble. It seems to me that people who get all excited about 2005 prices seem to forget that 2005 prices represent a doubling of prices over the 6 prior years, including a 40%+ rise over the prior 2 years. There is a world of distance between "2005 prices" and "2004 prices" and "2003 prices"; each of those years is enough to blow through someone's 20% downpayment.

inonada - Fair point; but consider a narrower focus for the comparison:

SE UWS Condo Index
Feb.2003: 1.39K
Apr.2011: 1.88K

That's a 26% increase. Pre-war condos - especially big ones like the subject at 500 WEA - seem to be doing much better than that. Obviously, some caveats are necessary because the sample size is very small and condition can sway prices enormously. Still, it seems to me that at no point in the life of this bubble - even in 2007 - would that particular apartment have sold for much more than $3.5MM. In other words, I don't think it sold for a 2005 price. I think it sold very close a 2007 price.

Sorry - did the math backwards.

...so the broader market increase from Feb.03 is 35%, not 26%, but I think the divergence is real.

Why not 2007+ 4yrs inflation? Flmaozzzzzzzzzzzzzzzzzzzz. The direction is down to $500psf and 2001 pricing. To think the mkt is turning by looking at some ninny overspend his ill gotten gains is to call a bottom in the yacht market by looking at my new $15k collection of halyards or a $25k carbon fibre wheel.

Just look at all the foreclosed boats in Florida. $2mm 2007 for $300k now. Now understand banks have completely delayed doing any work in nyc, 800 days or more bf the 1st missed payment. Given a bubble did exist, there were plenty of 'winners', buy like all bubbles that preceded it 'most ' regret not taking the cash and running. It only makes sense, cause if there were more winners than losers in a bubble then we as a society would want a bubble economy.

Finally, seeing all the fktards that still want and keep pumping a bubble..... Tells w67 this bubble ain't done deflating by a long shot. Watch after 10/11 w mortgage limits set back and bernie no longer accomodating the spenders. You've been warned. :) coop force filed back on!

W67: Who said the market was turning? My point was simply that the sellers of large, pre-war condos in prime UWS locations did well this spring, and that 500 WEA seems to have been a beneficiary. That's a data point. Nobody's calling it a secular trend.

Even at 500 WEA, the picture is mixed. While two of the top RE attorneys in the neighborhood plunked down close to $3MM for a cobbled-together sponsor unit in the rear of the 11th floor, a perfectly nice six on the fourth floor has been languishing because the sellers seem to have over-reached on price and missed the market.

10 Christopher 6CD - on the market 8 days, in contract (presumably above ask given there were 5 best and final bids)

Best of 2011? Howz about the 'last tulip buyers of 2008-2014'?

Nicely-done duplex combo at the Dorilton: http://streeteasy.com/nyc/sale/594345-coop-171-west-71st-street-lincoln-square-new-york

03/28/2011 Listed by Prudential Elliman at $5,995,000.
04/18/2011 Listing entered contract.
06/15/2011 Sale recorded for $5,825,000.

Two rooms sacrificed to the staircase, but it's a gorgeous piece of work.

11B, a few floors up, has sat unsold for more than a year at nearly $3,000,000. 10B sold earlier this year for $2,100,000.

Another big-bucks quickie: http://streeteasy.com/nyc/sale/590898-coop-888-park-avenue-upper-east-side-new-york

03/15/2011 Listed by Stribling at $6,950,000.
03/26/2011 Listing entered contract.
06/15/2011 Sale recorded for $6,950,000.

It looks to be in good estate condition. #5C, five floors down but renovated, also went for $7,000,000, in early 2009.

A five-bedroom, fast and with multiple bids: http://streeteasy.com/nyc/sale/580115-coop-925-park-avenue-upper-east-side-new-york

01/28/2011 Listed by Corcoran at $6,495,000.
02/08/2011 Listing entered contract.
06/16/2011 Sale recorded for $6,600,000.