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Why so expensive and price increase?

Started by Prospect
over 16 years ago
Posts: 2
Member since: Jun 2007
Discussion about 240 Riverside Boulevard #12D
Can the agency please explain 1) why the unit is so much more expensive per sqf even after considering the terrace? 2) why the price increase after the unit has not been rented out for more than year now? Thank you.
Response by NWT
over 16 years ago
Posts: 6643
Member since: Sep 2008

Maybe because the owner has a $950K mortgage, plus another $100K+ HELOC, and is paying about $1060 in CCs. That's what, about $6000 per month? The thinking behind all this I couldn't tell you....

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Response by NWT
over 16 years ago
Posts: 6643
Member since: Sep 2008

Hmmm, seems the agent is also the owner, so ask directly at tcm@thetrussgroup.com

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Response by Prospect
over 16 years ago
Posts: 2
Member since: Jun 2007

Helpful pointers. Thanks!

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Response by alanhart
over 16 years ago
Posts: 12397
Member since: Feb 2007

NWT, so the broker's good, but the client is impossible and won't listen to reason about pricing in today's market.

Or, to borrow a cliche: a broker who represents herself has a fool for a client.

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Response by notadmin
over 16 years ago
Posts: 3835
Member since: Jul 2008

"seems the agent is also the owner, so ask directly at tcm@thetrussgroup.com" FSBO?

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Response by kylewest
over 16 years ago
Posts: 4455
Member since: Aug 2007

A certain type of person lives in a Trump building.

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