Sale at 50 East 80th Street

wow that is an extremely long time

It has sold in two years so the realtor raises the price. It could be on the top floor or in bad condition. The price is high for a walk up/

Too pricey for a walk-up and tiny at 300 sq. ft. They'd be lucky to get $325K for it.

It's a itsy bitty apt. Walk right in to the kitchen when you enter apt. Fake fireplace how cheesy is that. No views and a walk up. Priced to high for a coop like this.Rather sleep in a cardboard box.

They would sell it in a day if priced right...GREEDY

If you like it, make an offer. Decide what price seems right to you & make the offer. Even the ad says that they're motivated sellers & maybe now they've gotten serious about moving it. The location seems ideal. I don't mind a decorative fireplace, though a wbf is far preferred, of course; a fireplace gives a nice architectural feature to the room. Perhaps this is now a 'name your own price' situation. Good luck !

The problem is having to put down 120K on a 400K unit. That and its overpriced. All you're gonna get for this is a parent buying for kid which is probably why buyers have most likely been turned down for this joint. no other good reason its been on the shelf for this long.

I heard purely through social gossip (not online) that an apartment fitting that description and location (4th floor walkup studio) has not once but twice had the buyers rejected by the coop board. I didn't hear the (speculative) reason, but of course that would be top-secret.

So chances are either the board is neofascist, or the buyers were wildly inappropriate (like a family trying to establish residency to be in the PS 6 catchment zone, with no real intention of living there at all, or for any sustained period of time).

Let's do that math: two kids, free vs. private school at $30K per year.

2 x 30K x (K-5th) = $360,000 saved. (Plus there's semi-mandatory but substantial fundraising "participation" in private schools).

So you can imagine what that board has to deal with.

Or they're just neofascists, as OP suggested.

The price is good considering the neighborhood. It has to be off park ave. Even for a tiny studio, that is prime real estate. I bet there is some crazy board that wants the person who buys this 400k apartment to have 10 times the selling price in cash at closing. I have had problems like this on 5th avenue. A person buying this tiny apt for 400k is not a rich person by UES standards. The existing tenants only want rich people in their building. A rich person would not buy such a crappy apt. Their pied a terres cost 2 mil. Hence, the board prevents the apt from being sold. I would hate to have to sell an apt in one of these buildings because it seems as though they are preventing people from selling their apts with their rules.

10 times liquid... wow never heard any of co-ops that insane! I bet this board would never allow the seller to sell at a 'fire sale' price too as it will de-value the co-op!

I looked at that unit months ago. It's tiny, awful bathroom and kitchen. The realtor said the board is impossible!!

I gave her my numbers she said don't even bother. Oh yeah the 4 floor walk up is fun!!

What a shame. Imagine the poor person who wants to sell. The U.S. Dream gone bad. YIKES !!