Good evening guys. I am looking to purchase a 2BR condo (1100 sq ft)in the turtle bay area off third avenue and I am wondering if any of you could help me with the pricing. My comfort zone is $1000 per sq ft which seems to be the base for an average apartment. I am wondering how much premium would somebody give to a high floor, great views, good light etc? And then how much premium to very good... [more]
Good evening guys. I am looking to purchase a 2BR condo (1100 sq ft)in the turtle bay area off third avenue and I am wondering if any of you could help me with the pricing.
My comfort zone is $1000 per sq ft which seems to be the base for an average apartment. I am wondering how much premium would somebody give to a high floor, great views, good light etc?
And then how much premium to very good above average classy renovations (new gutted kitchen with granite counter tops, new cabinets, new quality appliances, two wonderfully done bathrooms, high quality flooring throughout the house, recessed lighting throughout the apt etc.....
SO if my base is $1000 per sqft how much more per sq ft should I give for these renovations and also for high floor great river and city views.
ALso this apt has higher ceilings than the rest of the building perhaps a foot or two higher
appreciate your help!
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Response by anonymous
over 18 years ago
Posts: 1183
Member since: Feb 2007
Unless it's a brand new build, it strikes me that existing turtle bay co-ops should not be starting at a base of $1000 psf, but less. For $1000 psf in Turtle Bay, you should be able to find many of the amenities you seek in an exisiting build, particularly the further east you go.
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Response by anonymous
over 18 years ago
Posts: 227
Member since: Jan 2007
the poster is talking about condos. . ..not co-ops.
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Response by anonymous
over 18 years ago
Posts: 1183
Member since: Feb 2007
#2 here again - my error - meant to type 'condos,' not 'coops' - sorry.
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Response by anonymous
over 18 years ago
Posts: 12
Member since: May 2007
It really depends on what building in Turtle Bay. Remember that neighborhood is not so 'in' any longer and everything in real estate is based on location, location!
Also you can't purchase a home based on what you think the price per foot should be. It is what it is. You need to factor in all of the things you mentioned, know that you like the apartment, the building, the neighborhood and WHATEVER YOU ARE COMFORTABLE with is what you should pay.
My feeling on that neighborhood is that you should NOT pay more than $1000 per foot. You can live in better places for the same. Again, it really depends on the building..
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Response by anonymous
over 18 years ago
Posts: 400
Member since: Apr 2007
$1000 psf to live in turtle bay??? unless its brand spanking new, I'd say you;re high.
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Response by anonymous
over 18 years ago
Posts: 7
Member since: Jan 2007
I cant believe some of you guys think $1000/ sq ft is outrageous for turtle bay. Not all builings in turtle bay are on the first avenue next to the FDR. There are buildings off third avenue that have had lower unrenovated condo units go north of $1000/ sq ft.
SOme of these builings are the club at turtle bay at 236 east 47th street and dagz at 240 east 47th street...
look at this listing,..this is priced at almost 1.5 million ($1500 a sq ft).
I beleive you would be hard pressed to find condos bigger than 1000 sq ft which are renovated and on high floors with great views for less than $1000 a sq ft...even in turtle bay...
If anyone has seen a listing where a 1000 plus sq ft CONDO apartment is going for under $1000 / sq ft in turtle bay (no more east than between second and third avenue) then please show me....
Yeah - only 48 days on the market, and the price has already been reduced $100,000.
Almost every other sale in that building on streeteasy has been below $1,000 psf.
And there's NO WAY this reno is worth an additional $500 psf. I admit, I'm a Manhattan real estate supporter (strictly as an owner - I'm not a broker or involved otherwise), but honestly, a turtle bay one bedroom with a teenie balcony for $1,500,000?
Unless it's a brand new build, it strikes me that existing turtle bay co-ops should not be starting at a base of $1000 psf, but less. For $1000 psf in Turtle Bay, you should be able to find many of the amenities you seek in an exisiting build, particularly the further east you go.
the poster is talking about condos. . ..not co-ops.
#2 here again - my error - meant to type 'condos,' not 'coops' - sorry.
It really depends on what building in Turtle Bay. Remember that neighborhood is not so 'in' any longer and everything in real estate is based on location, location!
Also you can't purchase a home based on what you think the price per foot should be. It is what it is. You need to factor in all of the things you mentioned, know that you like the apartment, the building, the neighborhood and WHATEVER YOU ARE COMFORTABLE with is what you should pay.
My feeling on that neighborhood is that you should NOT pay more than $1000 per foot. You can live in better places for the same. Again, it really depends on the building..
$1000 psf to live in turtle bay??? unless its brand spanking new, I'd say you;re high.
I cant believe some of you guys think $1000/ sq ft is outrageous for turtle bay. Not all builings in turtle bay are on the first avenue next to the FDR. There are buildings off third avenue that have had lower unrenovated condo units go north of $1000/ sq ft.
SOme of these builings are the club at turtle bay at 236 east 47th street and dagz at 240 east 47th street...
look at this listing,..this is priced at almost 1.5 million ($1500 a sq ft).
I beleive you would be hard pressed to find condos bigger than 1000 sq ft which are renovated and on high floors with great views for less than $1000 a sq ft...even in turtle bay...
If anyone has seen a listing where a 1000 plus sq ft CONDO apartment is going for under $1000 / sq ft in turtle bay (no more east than between second and third avenue) then please show me....
oops..forgot to paste the listing..my bad..
here you go..
http://www.streeteasy.com/nyc/sale/82483-condo-240-east-47th-street-turtle-bay-new-york
Yeah - only 48 days on the market, and the price has already been reduced $100,000.
Almost every other sale in that building on streeteasy has been below $1,000 psf.
And there's NO WAY this reno is worth an additional $500 psf. I admit, I'm a Manhattan real estate supporter (strictly as an owner - I'm not a broker or involved otherwise), but honestly, a turtle bay one bedroom with a teenie balcony for $1,500,000?
SO STUPID!!!!!!!!!!!!!!!!!!!!!!!!!!!
turtle bay sucks always has always will.
what are the boundaries for Turtle Bay as a neighborhood? This is a serious question. I thought East of Turtle Bay is Sutton Place area and Beekman based on this map:
http://strangemaps.wordpress.com/2006/09/24/10-manhattan-neighbourhoods/#comments