What is the most optimal price point for a 1BR condo in the UES?

There is no "going rate". Wide range depending on location, condition, and lots of other factors.

What do you have against brokers?

stooge8tr I agree with you about NOT using a buyer's broker. I tried using a 'Buyer's Broker' but lost out to another buyer who bidded just as much as I did but didn't have a buyer's broker. His bid was picked so that the seller's broker could keep the entire commission. The moral of the story, you'll be MUCH more attractive to the seller's broker if they don't have to spilt their commission with your buyer's broker.

the smartest thing to do is to sit tight and not buy until at least next summer. If you buy now and put 20 percent down as equity it will be wiped out by next summer. Dont be a hero, its way to early for that

but I need a place to live and DEFINITELY am not "for" renting. samadams, are you suggesting I rent instead? alanhart, i have nothing against brokers (just think the broker fee imposed on sellers diminishes my negotation leverage) AND don't see a need for broker-assistance in a market that is clearly a buyer's market. besides, from what i've seen, brokers get a VERY BAD RAP -- at least in this Forum!

if you buy now dont cry about it next year, thats all I am saying G luck

Smart move stooge8tr, you'll be MUCH better off without a buyer's broker--much better.

Here's a very broad answer: http://www.streeteasy.com/nyc/sales/ues-manhattan/type:D%7Cbeds=1. There're ~250 for sale, so you'll need to tighten your criteria if you want to dump the listings and do a real analyis.

Then those are asking prices, so you'll need to figure in the average listing discount for closings with those same criteria.

any suggestions on good sites to buy without a broker? also.... any ideas on proper price point? (NWT- suppose a new, mint condo, near the east river, no bells & whistles per se, just new appliances and perhaps a doorman/laundry).

thanks, nwt. very helpful!

some brokers are awesome and worth their weight in salt... moelarrycurly.. seriously, does your parents know about your personality? or ies

w67thstreet, you were slightly entertaining for a hot second but are now just old and tired. why don't you go away for a bit and come back in a few days when you have a new helpless victim to prey on? I'm trying to research some serious topics and your spamming is seriously interrupting productivity here. you are officially being IGNORED so don't bother responding.

another fan of w67thstreet....while you are ignoring him, you should also ignore columbiacounty, aboutready as well. they'll either curse at you because you think it is an appropriate time to buy and somehow try to blame brokers and the government for everything and anything including the california wild fires

and again, why not?

add something of value. really. anything.

can you? i don't think so. it wouldn't be honest to your cause, but that's not stopping you, really.

frustration. pure and utter desperation. and i'm sorry. but i'm more sorry for the walmart stocker who is getting 20% fewer hours than before.

yes cali fires..... LMAO, when the gov't doesn't listen to its own zoning regulations and lets people buy land and run amuck and build their little Mcmansions up on a bluff to get a great view... but holy shit, the same bluff creates a wind tunnel effect and gets firefighters that make $20K/yr trying to save the $4MM dipshit home that should've never been built... yeh where the F is the justice in that Jimmy boy. Sorry your moral compass is broken, try a moral transplant.. my driver's license allows the removal of both eyes, lungs, heart, and morality... .take it it'z yourz...

firegifhters killed to save the $4mm mcM... yeh I typed too quickly Jimmyboy...

I bought without a "buyer's broker". You don't need them. There are so many websites to check co-op/condo availability. I think SteetEasy is the best (wish I knew about this site 2 years ago). Despite what some sellers' brokers say that it doesn't matter to them whether you bring a broker, they'd have to be crazy to recommend a buyer with a broker over a buyer without a broker offering the same price (why lose half of their commission for very little extra work). $1,000 psf is too high (even for a triple mint apt.)-- should be closer to $800 psf.

We've been looking to buy a two bedroom condo in the UES for several months now. There's a large price range depending on where the apartment is located and also to a certain extent, what improvements have been made to the apartment, if any. Also consider how much staff the building has, i.e., fulltime doorman and concierege, doorman only, etc.

I'd say the low for a 2 bedroom condo UES is $900,000. We just saw a 2 bedroom condo where the owners wanted close to $2 million (very overpriced).

We've been using a buyer's broker, but the broker doesn't really help us that much. A broker seems to be helpful if you don't want to negotiate directly with the seller. We've lived on the UES for more than 10 years so we really don't need help with figuring out where to live in the neighborhood, but if you're not familiar with the UES, maybe a broker can help figuring which area is best for you.

'Most optimal' is redundant. Akin to 'bestest'

Anyone ever tried "Bid in the City"? I saw an Ad recently in the taxi advertisements. "Ebay of Real Estate". Ellenost/Lobster... tks for the advice! 800psf would be a steal, I think. Streeteasy has good inventory, but still involves a fee. Hmmm. Maybe I'll resort to Craig's list in the end.

$800psf would be a steal. that's funny. for a coop at least.

stooge, email me miscusenyapple@yahoo.com I have a unit for you, im an owner not a broker tx...

hey Lobster, would you settle for a 3BR in the mid 1.4-1.6 range? if so, email me at the address above :)

$800 psf isn't a steal, especially for a coop. LMAO

Stoogehtr "stolen" is quite a strong word at $800 psf.
$800psf is quite apropos for a coop today....literally today.
After labor day all bets are off.

Though after recent threads on coop boards, any deal today should be considered a mostest optimal october deal?

suppose all the laughter means 800 psf is NOT a steal...
well, i'm not interested in a coop... prefer a condo.
does it make a difference?

Yes, ignore ar, cc and west67 and you'll have cut some of the best advice on this board....In other thread, you are asking for feedback in SE. You started attacking some of the most valuable posters. Too bad.

mimi- i did not attack anyone. AR/CC/W67 were not behaving ethically (in my personal view) so I shared my opinion in that regard, that's all. why are you trying to stir up trouble again now that all's quiet on the western front?

moe... how does buy at $1000psf compare to rent at $50psf.. headed to $40psf in 2 months? what a loser borker or is that repeating myself?

hi w67... i don't have a broker and know nothing at all about real estate. i'm looking for an apartment in manhattan to live in, but also as an investment. do you think buying is stupid now? please, no sarcasm. i could use good advice.

Buying now would not be a good thing to do. I heard there will be lots of new units coming on the market soon. Plus lots of commercial vacancies. I looked at apartments on the UES over the past week and they were foreclosures. I surmise the owner of these units had to let go because the money ran out. I foresee more of these foreclosures. People try to hang on as much as possible but eventually the money runs out.

i stoogeh8tr was being sarcastic

ok, thank you jadewong.