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The Charleston

Started by port999
almost 19 years ago
Posts: 5
Member since: Apr 2007
Discussion about The Charleston at 225 East 34th Street in Murray Hill
anyone try to negotiate price at this building? cheap asses were only willing to come down 20k
Response by verain
almost 18 years ago
Posts: 133
Member since: Apr 2008

The best way to play hardball in a slow market with a new developer is to get late into the game on a purchase, then all of a sudden your spouse throws a hissy fit over the monthlies (or the monthlies after abatement) and walk out ... just a couple days of silence should lower prices.

Rule of thumb, every additional $100 per month or $1200 per year is equal to a lifetime value of $30,000. (assumes 4% after-tax cap rate).

$30,000

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Response by jenny9823
over 17 years ago
Posts: 89
Member since: Dec 2006

thinking about renting here. anyone have any views of what its like to live in this bldg?

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