Auctions in Manhattan!

This is a textbook example for your rent vs. buy equation because this building is virtually identical to a number of rental buildings in Chelsea. An apartment here can be easily substituted for one next door at the Tate. In fact, the Tate is probably nicer.

This is a 489 square foot alcove studio. The owner is asking $700k - over $1,400 per square foot for a glorified rental with cheesy finishes. Best of luck.
http://www.streeteasy.com/nyc/sale/473500-condo-555-west-23rd-street-chelsea-new-york

How much do you think this studio will go for? I am guessing $399k.

This building is so far west it should have a Jersey City address

Hey, Stevie!!!

Prior Owner bought for $475k in Jan 2006. Poor dude. I feel really sorry for those who bought in the bubble.

At the end they were sort of giving them away. The Tate is also vastly overpriced.

Slowly, surely, the world is returning to normal. Not without pain, though.

The Tate is 535......dont believe this building is part of the Tate...my friend lives at the tate...i believe its a rental building....area is actually nice.....near water, hudson and chelsea......$299k for an alcove condo is CHEAP.......

Mhillqt, please read more carefully. Thanks.