Sale at 260 Park Avenue South #5F

Pretty nice where it is now. 1000/ft is a solid number for a unit like that. Home office, two exposures, full service.

It was sold in the peak at 975...Do you think I can get it for 900ish?

Pretty nice double exposure? Just goes to show how much a listing/floorplan leaves out. I'd be curious to see if you change your mind after actually SEEING those exposures. Apt. faces smack into an alley with fire escapes and barbed wire. I saw 4F, which is apparently in contract, and it felt like I was in an institution. I love that suddenly $900k for a "full service" 1BR seems like a bargain, with cement and barbwire views...

The monthlies (after 20% down) would have to come down to the $4000s for this to make any sense at all, which means below $600K. The current asking price is beyond absurd.

Chatham44, $975k is pre-construction and probably 2004 price. Most of the units in the city is trading around 2005 prices. $1000 psf seems to be fair.

NYC is right. my answer is based on the listing info and plan... But you need to get familiar with the bricks. Listins are for show, and the bricks bring in the dough. If we all purchased based on listing infor then the market would prob be double where it is now. Just make an offer at what you think is fair. There is way too much hesitation on the part of buyers today to make "low-ball" offers. Its not low ball, its what you are willing to pay and where you value the property. This is not China and you should not worry about "losing face" with the owner or listing broker.