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Sale at 2543 Eighth Avenue

Started by mmarquez110
about 17 years ago
Posts: 405
Member since: May 2009
Discussion about 2543 Eighth Avenue #B
I looked at this apartment recently, and am wondering what people think it is worth in today's market. It's a duplex, about 1100sq. ft with a patio off the kitchen. The building is arranged so that there are 2 duplexes stacked on top of each other (only 4 stories tall). There is a separate street entrance for each unit. I don't think they're building more units like this in Harlem, so they are somewhat unique. Also comes with an outdoor parking spot across the street behind another building which is $60/month. Heat and hot water are individual for each unit, and paid for by the owner. The seller bought for $570K in late 2007. Thanks in advance for your input.
Response by NYCMatt
about 17 years ago
Posts: 7523
Member since: May 2009

$375k.

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Response by mmarquez110
about 17 years ago
Posts: 405
Member since: May 2009

NYCMatt - would it be possible for you to explain your reasoning? Thanks.

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Response by NYCMatt
about 17 years ago
Posts: 7523
Member since: May 2009

Sure. The neighborhood is crappy. Being on the first floor with bars over the windows makes it feel like a prison. The apartment itself is nice, but the rooms are on the small side. Very limited closet space. The kitchen looks like a new low-end rental. The ceilings give the whole apartment a "commercial" feel.

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Response by mmarquez110
about 17 years ago
Posts: 405
Member since: May 2009

Thanks for elaborating.

I'm looking for a good comp for this apartment. Anyone?

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