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Sale at 200 East 74th Street #16D

Started by LonelyWolf
almost 16 years ago
Posts: 8
Member since: Dec 2009
Discussion about 200 East 74th Street #16D
what's wrong with this place? does not look that bad.. 800 sqf, for 630k... nice building, nice area...don't get it...
Response by cccharley
almost 16 years ago
Posts: 903
Member since: Sep 2008

nothing but you can rent a 1br for $2500 a month so honestly I think it's still too expensive.

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Response by NWT
almost 16 years ago
Posts: 6643
Member since: Sep 2008

$630K is a stretch. Look at 15D, $585K in 2007 and $445K in 2005.

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Response by Fluter
almost 16 years ago
Posts: 372
Member since: Apr 2009

In addition to what's been said:

1. The photos suck. I know a professional took them, I don't care, they still suck. The furniture needs to be re-arranged and the angles need to change.

Right now this apartment looks like a long narrow boring corridor. And maybe it is....HOWEVER you have great window angles to use for photos and they weren't used.

The link to the huge photos on the broker site is nice, but when I looked it was even clearer to me that the photography needs to be re-done. This is a much more attractive apartment than it looks right now.

2. The photos really suck because we are told there are beautiful details (French doors) and we don't get a close up pix.

I assume the kitchen and bath suck or we would have photos of them, right?

3. This apartment is on a high floor. What is the view? We need a photo of that among the top 3-5 photos. We need a photo of the view that includes the window frame, the broker site doesn't provide that shot, and the SE doesn't provide any shot of the view. I like to put small bright flowers on the window sill too, or in that shot somewhere.

4. Building attributes may be discouraging sales. That I don't know anything about.

The ad copy is also quite poorly written, in my opinion, but that's common and less important than the pix. You're selling a fantasy of home happiness as well as real estate.

I have experience writing for Madison Ave advertising houses, that doesn't make me an expert, but clearly the ad is not working so changes need to be made.

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Response by Trompiloco
almost 16 years ago
Posts: 585
Member since: Jul 2008

If you're the broker and you don't get LW, maybe you need some professional help. If you're the owner, well, you need to get a broker who gets it.

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Response by looking2return
almost 16 years ago
Posts: 182
Member since: Jan 2009

Very overpriced IMHO. Compare to this one (which is a tad smaller), which sold for just over $500k
http://streeteasy.com/nyc/sale/418349-coop-111-east-85th-street-upper-east-side-new-york
(quick link to floorplan here)
http://www.corcoran.com/property/FloorPlan.aspx?Region=NYC&ListingID=1214213

As for fluter, #3, there is no view. It faces west into another tall building, aka partial city view. As with the kitchen and bath, if there's no pic, there's a reason.

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Response by LonelyWolf
almost 16 years ago
Posts: 8
Member since: Dec 2009

I am not a broker and I am not the owner either... I am actually looking to buy a place, but bigger than that... this place just did not look that bad but on the market for some time. 111 East 85 does look better, but it was in June 09, the worst time of the market (The place is also smaller, 7th floor vs 16th floor!). As far as the picture, are people really deciding weather to buy or not based on a picture on a website? you are buying the space, not the picture. With some imagination you can easily see how it will look. Rent for 1-bedroom for 2500$/month not happening in a doorman building west of third. Expect at least 3k. Also, if you borrow let's say 300k @ 5%, that's about 1250$/month, tax deductibe... I think I do agree, maybe a little too expensive.. But isn't it the game.. seller offers too high, buyer bids very low and they meet in the middle, ie, 570k in this case...

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