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Insane pricing of the week

Started by bronxboy
about 16 years ago
Posts: 446
Member since: Feb 2009
Discussion about
http://streeteasy.com/nyc/sale/478187-condo-400-central-park-west-upper-west-side-new-york If my research is accurate, no one bedroom in Park West Village has sold for over a million ever. This one, at just over 900 square feet (the 949 is slightly off), is asking $1.36M. . .more than just about all the two bedrooms in PWV have asked. Maybe the broker and/or seller know there is an ignorant sucker out there. Extremely ignorant to pay even $500K less for this apartment.
Response by NWT
about 16 years ago
Posts: 6643
Member since: Sep 2008

It's owned by the sponsor, or rather by an outfit that bought the unsold units in 2000. Back then the CCs were $320.

It's 902 ft² per the docs, but that's measuring from the inside face of the walls. Today the standard for condos is to the outside face, so they feel justified in splitting the difference and calling it 949.

Agree that they can't get anything like $1.36M, but no harm in trying.

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Response by bronxboy
about 16 years ago
Posts: 446
Member since: Feb 2009

I guess there is no harm in trying, but why waste everyone's time? It's such an astronomical stretch that anyone who knows anything about NY real estate would only make an offer at least $400K less. But they are searching for a sucker.

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Response by RE2009
about 16 years ago
Posts: 474
Member since: Apr 2009

i LOVE that they say it is near TJ MAXX, not sure why but that just cracked me up... u understand mentioning whole foods, but TJ, never knew that was such as draw.. oh well

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Response by inonada
about 16 years ago
Posts: 7952
Member since: Oct 2008

It menas that after over-paying by that much, the buyer will be need to do all their clothes shopping at TJ Maxx.

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Response by nshipley
about 16 years ago
Posts: 125
Member since: Jun 2007

As a counterpoint, I have the same layout (unrenovated) at 382 CPW listed at $775,000

http://streeteasy.com/nyc/sale/478824-condo-382-central-park-west-upper-west-side-new-york

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