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How to unload an apartment

Started by NWT
over 16 years ago
Posts: 6643
Member since: Sep 2008
Discussion about
See http://www.streeteasy.com/nyc/sale/399266-coop-140-riverside-drive-upper-west-side-new-york 04/03/2009 Listed in StreetEasy by Prudential Elliman at $1,450,000. 04/22/2009 Listing entered contract. 07/22/2009 Sale recorded for $1,500,000. Looks as if they priced it to move, and it quickly did. Same line a few floors down went for $1.625M a couple of years ago.
Response by West81st
over 14 years ago
Posts: 5564
Member since: Jan 2008

885 West End Avenue #6C. And now for something completely different: When all else fails, call the neighbors.
12/07/2010 Listed by Brown Harris Stevens at $1,595,000.
03/01/2011 Price decreased by 6% to $1,495,000.
03/31/2011 Listing entered contract.
06/11/2011 Listing is no longer available.
06/18/2011 Listing entered contract.
06/22/2011 Sale recorded for $1,495,000 (to the owners of #7C).
http://streeteasy.com/nyc/sale/571658-coop-885-west-end-avenue-upper-west-side-new-york

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Response by NWT
over 14 years ago
Posts: 6643
Member since: Sep 2008

Here's a weird one. Two three-liners in one: http://streeteasy.com/nyc/sale/597178-coop-115-central-park-west-lincoln-square-new-york

10/29/2010 Listed by Stribling at $5,500,000.
11/12/2010 Listing entered contract.
01/14/2011 Sale recorded for $5,700,000.

04/05/2011 Listed by Stribling at $5,950,000.
04/13/2011 Listing entered contract.
06/21/2011 Sale recorded for $5,700,000.

They couldn't have gotten tired of it after only three months, so must be circumstances. They're out the transaction costs, but must not matter....

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Response by NWT
over 14 years ago
Posts: 6643
Member since: Sep 2008

Nice for the co-op, though. If 2% flip tax, then $228,000 within a few months. That's half an elevator or something.

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Response by inonada
over 14 years ago
Posts: 7951
Member since: Oct 2008

Yeah, but what good is half an elevator?

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Response by w67thstreet
over 14 years ago
Posts: 9003
Member since: Dec 2008

Fking retard. Do you even know WHO bears the economic "cost" of taxes in a deflating market? FLMAOzzzzz... NWT keep masturbating to the floorplans and leave the economics to ppl like nada and myself...

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Response by NWT
over 14 years ago
Posts: 6643
Member since: Sep 2008

This one came up in a thread about sloppy floorplans. Anyway, fast and with multiple bids:

http://streeteasy.com/nyc/sale/602729-coop-440-west-end-avenue-upper-west-side-new-york

04/26/2011 Listed by Corcoran at $1,875,000.
05/07/2011 Listing entered contract.
07/12/2011 Sale recorded for $1,880,000.

#8A, one floor down, went for $1,995,000 in 2006.

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Response by huntersburg
over 14 years ago
Posts: 11329
Member since: Nov 2010

>FLMAOzzzzz... NWT keep masturbating to the floorplans and leave the economics to ppl like nada and myself...

Was 'nada' a TA at Columbia Business School?

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Response by nyc10023
over 14 years ago
Posts: 7614
Member since: Nov 2008

W67: I do cuddle up to my Candela/Carpenter book sometimes.

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Response by NWT
over 14 years ago
Posts: 6643
Member since: Sep 2008

Renovated sponsor sale: http://streeteasy.com/nyc/sale/613824-coop-246-west-end-avenue-lincoln-square-new-york

06/05/2011 Listed by Deborah Fredericks at $850,000.
06/29/2011 Listing entered contract.
08/12/2011 Sale recorded for $865,512.

#6B, one flight up, went for $868,000 in early 2008. That one may have been unrenovated, as no mention of kitchen or bath in the listing.

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Response by ph41
over 14 years ago
Posts: 3390
Member since: Feb 2008

http://streeteasy.com/nyc/sale/613976-coop-201-east-79th-street-yorkville-new-york?email=true
201 East 79th - apt. 7D
12/05/2005 Previous Sale recorded for $1,035,000.
06/06/2011 Listed by Town Residential at $1,695,000.
09/12/2011 Listing entered contract.

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Response by NWT
about 14 years ago
Posts: 6643
Member since: Sep 2008

Pre-WWI long-hall with one master bath, sold in three weeks with multiple bids: http://streeteasy.com/nyc/sale/608426-coop-258-riverside-drive-upper-west-side-new-york

05/14/2011 Listed by Corcoran at $2,100,000.
06/09/2011 Listing entered contract.
09/01/2011 Sale recorded for $2,200,000.

No high-floor A-lines in recent years to comp it against.

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Response by NWT
about 14 years ago
Posts: 6643
Member since: Sep 2008

Multiple bids on a loft, after giving up a few years ago: http://streeteasy.com/nyc/sale/607428-condop-32-west-20th-street-flatiron-new-york

06/23/2005 Previous Sale recorded for $1,230,000.
08/15/2009 Previously Listed by Corcoran at $1,749,000.
12/15/2009 Corcoran Listing is no longer available.
05/11/2011 Listed by Prudential Elliman at $1,495,000.
06/13/2011 Listing entered contract.
09/07/2011 Sale recorded for $1,600,000.

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Response by Brooks2
about 14 years ago
Posts: 2970
Member since: Aug 2011

links should probably be renamed to "How to correctly list an apartment in this market"

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Response by NWT
about 14 years ago
Posts: 6643
Member since: Sep 2008

Three months ago, up above, West81st reported on this one: http://streeteasy.com/nyc/sale/597646-coop-262-central-park-west-upper-west-side-new-york

Those buyers have now sold their San Remo place: http://streeteasy.com/nyc/sale/615512-coop-145-central-park-west-upper-west-side-new-york

07/23/2010 Previous Sale recorded for $6,600,000.
06/13/2011 Listed by Stribling at $6,600,000.
07/14/2011 Listing entered contract.
09/20/2011 Sale recorded for $6,500,000.

So the cost of mind-changing here is $100,000, flip tax, mansion tax, assorted other NYC/NYS taxes, a paint job, and the stress of moving. But now they've got the park view.

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Response by NWT
about 14 years ago
Posts: 6643
Member since: Sep 2008

Forgot to add, they'd really really wanted the San Remo place that became the poor also-ran:

05/17/2010 Listed by Stribling at $6,400,000.
05/27/2010 Listing entered contract.
07/23/2010 Sale recorded for $6,600,000.

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