Sale at 16 West 16th Street #4TS

yes, everyone fudges. Depends how you measure. Caveat emptor measuror.

wonder why people do not measure the square footage before they go that far in the buying process.

thats scary....so what are the jr 1 beds in reality ?

I think because everyone does it - everyone has to do it. Otherwise, honest sellers are at a strong disadvantage. SO smart buyers just know the drill and do their own math. Most apts around this size are probably listed around this sq ft.

this is the reason why the broker did not put in the measurements on the floorplan. they can lie much easier this way.

Mensor.

its helps to see a size when looking for what you want in a unit. But when it comes down to it you will buy because of the physical space and not how the unit is represented on paper. Real estate is for the bricks and not the listings. The idea of measuring value on a price per square foot basis is foolish in a market that has no standard practice of measuring and no governing body to dispute any false claims. Fall in love with the space itself not the size on paper.

This building seems to have great mtce but the jr 1 beds are priced in the mid 500's....and they are 500 to 550 sq ft...doesnt that seem high?

I agree that square footage is good to give a basic sense of the property, but not much more. I use it strictly to screen out stuff that is too small (anything listed as 600 s.f. or below).

I also don't buy into price per square foot, except as a sanity check measure. If the average price per (listed) square foot in my target area is $900, anything between $700 and $1,100 could be reasonable.

If I like a place enough to submit a bid and appraiser tells me it's 15-20% square foot less than listed, (1) I'll probably already know that just from visual inspection, and (2) I won't care.

$535k.

Anonymous10, did your bank refuse to let you borrow the full mortgage amount because of the smaller size?

Interesting that the square footage on this listing appears to have been changed on Streeteasy to match the 650 square feet the original poster measured. (Oddly, on Corcoran's site, it says 750, which is still less than the 785 originally advertised.)

I would guess that, despite all of the disclaimers and approximations, perhaps there are legal issues about *knowingly* misrepresenting square footage.