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Terrace apt on 5th Avenue - what's the catch?

Started by newbuyer99
about 16 years ago
Posts: 1231
Member since: Jul 2008
Discussion about
http://www.streeteasy.com/nyc/sale/462138-coop-1025-fifth-avenue-upper-east-side-new-york This came up on my search. While still unafordable for us (a bit due to price, mainly due to 50% down), I was shocked compared to much, much higher prices I am used to seeing on 5th Avenue. Is condition the issue? Lack of park views? What am I missing? Thanks.
Response by NWT
about 16 years ago
Posts: 6643
Member since: Sep 2008

It's two buildings on 83rd and 84th, with garden in between, and only the lobby on Fifth. Fifth but not really Fifth.

Standard 1950s-1960s layouts you'd see further east, a tad high-end in that the living rooms are a foot or two wider than the usual 12'.

Sort of like a Ph.D. who uses the title "Doctor" but then is always saying "Not that kind of doctor."

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