Sale at 14 Jay Street #3

yep, i agree, this is ridiculous. you might be pushing it with your price range though. i dont see how this place - after renovation - could go for less than $850/sq ft in this mkt given recent comps in this area. prob worth $1mm.

Since the agent advertised the price per sf, she opened up the size to extra scrutiny. It's an odd decision, when the plate is at most 64x20= 1,280sf, minus 120sf for the stairs, so a grand total of 1,160sf including the elevator and the plumbing stack.
Over a $1,000/sf for a raw loft?

good catch. clearly not 1,700...
the scale however is fuc*ed up. 64' seems low given the proportions and the 20'-10 lenght charted on the upper left side.

I went with the stated outside dimensions, but I agree it seems like image is distorted. Regardless, it's ridiculous to bring attention to ppsf when you have fudged them in the first place.

Co-op lofts like this are worth no more than $1,000 / ft renovated. 1,280 sf X $700 / ft ($1,000 less $300 / ft to renovate) = $896K.

1,700 sq ft is a blatant lie - REBNY should really crack down on the abuse of sq ft figures - if I lied on a daily basis and put it on the internet I'd be fired in the blink of an eye.

Sucks to have paid $1.25mm for this - someone got suckered out of $250K.