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Open Houses from Sunday 1/10 UES Edition

Started by NYCApt1234
about 16 years ago
Posts: 181
Member since: Apr 2009
Discussion about
Went out looking at open houses yesterday and encountered MUCH more traffic than previous weeks. (I generally go each weekend and the amount of people has been sad). The freezing temps did not keep people inside yesterday. 1) 239 East 79th #6J: http://streeteasy.com/nyc/sale/468951-coop-239-east-79th-street-yorkville-new-york - Needs new floors and a whole new kitchen - Bathrooms already done -... [more]
Response by lo888
about 16 years ago
Posts: 566
Member since: Jul 2008

True. We had one yesterday and had more traffic than a while ago. Went to one in Lincoln Square with no traffic (rental.)

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Response by NYCMatt
about 16 years ago
Posts: 7523
Member since: May 2009

"2) 420 East 72nd St #12GF: http://streeteasy.com/nyc/sale/418433-coop-420-east-72nd-street-lenox-hill-new-york
- Soooooooooooo far east
- Massive apt, 3rd bedroom/den is same size as 2nd bedroom and could easily fit "anything"
- Very high maint
- Bathrooms and kitchen are NON-LIVABLE and need to be redone before anyone steps foot inside. Add in a cost of about $75k for renovation???
- $899,000 asking price is too high given the maint and required work
- Huge space, could easily raise a 2 child family in it"

****

You could easily fit two FAMILIES in it.

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Response by ph41
about 16 years ago
Posts: 3390
Member since: Feb 2008

420 east 72nd - think that's an example of sum not being greater than its parts (i.e. 1+1=1.5 or 2). No real master bedroom any more, still only 2 baths, and maintenance is somewhat high for the sq. ft.

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Response by NYCApt1234
about 16 years ago
Posts: 181
Member since: Apr 2009

Very true. The master is large, but doesn't have its own bathroom (which doesn't bother me terribly). But the living space is massive!!!!! If you renovate the kitchen and blast out the wall on the left when you enter it would be an open kitchen and flow quite nicely w/ the living and dining space. The den is also big: could fit a queen bed and desk nicely. The location totally detracts from value, though ....

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Response by NYCMatt
about 16 years ago
Posts: 7523
Member since: May 2009

"If you renovate the kitchen and blast out the wall on the left when you enter it would be an open kitchen and flow quite nicely w/ the living and dining space."

OH MY GOD.

Someone wash her mouth out with soap!

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Response by ph41
about 16 years ago
Posts: 3390
Member since: Feb 2008

re: 420 East 72nd - since when is a master bedroom of 11.6 X 14 considered "large"? With a really small 2nd bedroom. But true, the living room is big, though I think a family with kids would probably put the wall back up to get a LR and family room

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Response by NYCMatt
about 16 years ago
Posts: 7523
Member since: May 2009

"re: 420 East 72nd - since when is a master bedroom of 11.6 X 14 considered "large"?"

Are you from New York?

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Response by NYCApt1234
about 16 years ago
Posts: 181
Member since: Apr 2009

I would totally prefer larger living space than larger bedrooms ... I live in my living room not bedroom.

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Response by ph41
about 16 years ago
Posts: 3390
Member since: Feb 2008

NYC- absolutely - but seriously, just take a look at all the 60's buildings - 12X17 or 18' bedrooms are pretty standard.

It's only since the new construction condos, having by law to provide wheelchair accessible bathrooms, that a "master" bedroom of 12X14 is considered acceptable (sq.ft. for those huge bathrooms has to come from somewhere, and it's usually from the bedrooms)

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Response by NYCApt1234
about 16 years ago
Posts: 181
Member since: Apr 2009

The new construction living spaces are FAR too small for a family.

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Response by rmrmets
about 16 years ago
Posts: 93
Member since: Oct 2008

Let's not let one day of open house looking dictate a trend. With the Jets playing on Saturday and the most exciting thing to do in town on Sunday is watch Professional Bull Riding at the Garden, you'd expect the kicking the tires crowd on a brilliantly sunny day.

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Response by NYCMatt
about 16 years ago
Posts: 7523
Member since: May 2009

Not when it's only 23 degrees outside.

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Response by lo888
about 16 years ago
Posts: 566
Member since: Jul 2008

Nobody told me about the Bull Riding!

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Response by The_President
about 16 years ago
Posts: 2412
Member since: Jun 2009

"But the living space is massive!!!!!"

Since when is 1300 sq. feet massive?? That's not even close to massive by any means.

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Response by The_President
about 16 years ago
Posts: 2412
Member since: Jun 2009

and I own a 4,000 square foot house in NJ, so I kind of know what "massive" is. Just the second floor of my house is 150 square feet larger than the enire apt.

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Response by ginacutz
about 16 years ago
Posts: 1
Member since: Oct 2009

Yeah, but you live in NJ!

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Response by alanhart
about 16 years ago
Posts: 12397
Member since: Feb 2007

Yes indeedy, gina, he certainly does. Up in the Jersey Alps.

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Response by ph41
about 16 years ago
Posts: 3390
Member since: Feb 2008

Prez - and in Jersey 4,000 sq.ft. is definitely NOT considered massive!

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Response by lo888
about 16 years ago
Posts: 566
Member since: Jul 2008

And do you have bull riding in NJ?

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Response by NYCApt1234
about 16 years ago
Posts: 181
Member since: Apr 2009

For under $1million all of the above mentioned apts are "big" by NYC standards. Your NJ suburban standards are not applicable to NYC.

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Response by The_President
about 16 years ago
Posts: 2412
Member since: Jun 2009

1300 sq. feet for under 1 million is not massive. Even by Manhattan standards. Back in 05 I could have gotten 1800 sq. feet for the same price in Manhattan, but it was a life lease which means I could not take possession until the owner died.

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Response by ph41
about 16 years ago
Posts: 3390
Member since: Feb 2008

Prez - that has to be one of the dumbest "comps" ever. You would have been carrying the tenant (probably paying less rent then the maintenance) and would most likely not been able to move in in your lifetime. LOL

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Response by NYCApt1234
about 16 years ago
Posts: 181
Member since: Apr 2009

No one else has any other OHs to share from this past weekend???? Was I the only one walking the streets looking for a 2/2? How sad! --- Or thoughts on the pricing and/or value of the 3 mentioned above???? Value thoughts would be greatly appreciated.

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Response by Rent_or_Buy
about 16 years ago
Posts: 165
Member since: Feb 2009

saw 205 east 78th - 7l - great building but high maint -

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Response by skeptical
about 16 years ago
Posts: 101
Member since: May 2007

We saw 6J @ 239 a few weeks ago. That building always seems to have atleast 2-3 apts available, which always raises a concern for us. Maint is great, apts are OK. I found 6J to be really loud. With the floors and the kitchen priced in, think it needs another price chop IMO to move.

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Response by Rent_or_Buy
about 16 years ago
Posts: 165
Member since: Feb 2009

6j def needs a price job -- been there for months - with 2 other similar apts similarly priced -

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Response by urbandigs
about 16 years ago
Posts: 3629
Member since: Jan 2006

Jets play SD on Sunday

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Response by urbandigs
about 16 years ago
Posts: 3629
Member since: Jan 2006

oops my bad, you mean this past game...i need more coffee.. GO JETS!

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Response by rlmnyc
about 16 years ago
Posts: 273
Member since: May 2009

I'm bored by the limited inventory. Not worth putting on my full winter gear to see mediocrity.

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Response by NYCApt1234
about 16 years ago
Posts: 181
Member since: Apr 2009

I agree that 6J needs a price drop. It's affordable now, but not worth the work it needs. It's a "no frills" building as the realtor told us, which is why the maint is so low.

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Response by skeptical
about 16 years ago
Posts: 101
Member since: May 2007

I'm waiting for 6J and those that are similar (ie: 2 bed/2 bath with a convertible nook) to be $800k on the upper east. Do you think it will happen?

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Response by JohnDoe
about 16 years ago
Posts: 449
Member since: Apr 2007

It looks like a J-line in 239 sold for $820k in Dec. '04, so I'd say it's a pretty good bet you'll get to your $800k ballpark. Question is whether you'll still want it once it gets there.

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Response by b1pwysd
about 16 years ago
Posts: 32
Member since: May 2009

Has anyone seen the 3-bedrooms apartment on 444 East 75th Street 15DE ($950,000)that was mentioned in the NY Times article this past weekend? A friend of mine from out of state with 3 children wanted to know if that apartment is big enough for a family of Five?

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Response by Rent_or_Buy
about 16 years ago
Posts: 165
Member since: Feb 2009

6j wont get in the 800s -- remember the very low maint -

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Response by skeptical
about 16 years ago
Posts: 101
Member since: May 2007

11L traded at 918K and was in better shape higher floor, etc. I don't think we see 800k but I think we do see 800s for 239 east 79th.

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Response by Rent_or_Buy
about 16 years ago
Posts: 165
Member since: Feb 2009

true but 11L went into K in March - the LOWEST point of the market -- interesting - will see who blinks first in the building - 3 similar apts def make you look right skeptical . . .

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Response by skeptical
about 16 years ago
Posts: 101
Member since: May 2007

If March truly is the "low point!!"...TBD

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Response by Rent_or_Buy
about 16 years ago
Posts: 165
Member since: Feb 2009

haha - fair point - who knows - but in terms of the 918k comp we are up from there -

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