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Sale at 158 Franklin Street #2

Started by brokersSTINK
almost 16 years ago
Posts: 112
Member since: Apr 2007
Discussion about 158 Franklin Street #2
Someone Please help me with my math Broker lists it as 1700 square feet dimensions are 22' x 71'6" simple math says 1573 square feet There is an elevator and a staircase in NYC...do you add the space of the elevator and staricase back in, count in twice...ahh haa...that must be it !!
Response by brokersSTINK
almost 16 years ago
Posts: 112
Member since: Apr 2007

This is why brokersSTINK...says that BROKERS STINK !

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Response by NYC10007
almost 16 years ago
Posts: 432
Member since: Nov 2009

I thought square footage could be counted to the inner wall of the neighboring building? No? I was pretty sure that's the only way any of the measurements I see from brokers actually work...particularly new construction (though I guess you can't blame brokers for that).

I do have to say, though, as a prospective buyer, not every broker actually stinks. Just ones who grossly overstate sq. footage, lie about apt. condition and actually try to tell you to your face that an apartment gets "great light" when it faces a brick wall. Oh, and it's even better when they genuinely believe a sub zero fridge and viking range make an apartment worth another $100,000, even when the appliances cost $12,000. Love it!

Buyer's brokers can be good, because some of them are smart enough to realize that if they try to BS their clients, then said client ain't a client anymore...funny how that works, huh? Is there a way to make a seller's broker lose a listing if they grossly overstate or blatantly lie to prospective buyers??? Now there's an idea...

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Response by truthskr10
almost 16 years ago
Posts: 4088
Member since: Jul 2009

You may want to confirm the dimensions on this one. The condo declaration has each unit at 1875 sq ft!

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Response by jasieg16
almost 16 years ago
Posts: 123
Member since: Oct 2009

Have your own archi come in and survey the space. Brokers can say whatever they want. This is why the Price per foot analysis is such a waste. walk the space. Imagine yourself in it. offer what you want to pay. People need to stop putting brokers on a pedastool like they are gods of re. You are the buyer. you have the money. you have the power.

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Response by jasieg16
almost 16 years ago
Posts: 123
Member since: Oct 2009

just now took a look at the listing. Not bad. Would make for a nice gut reno. Not that its in bad shape but its an awful layout.

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Response by NYC10013
almost 16 years ago
Posts: 464
Member since: Jan 2007

1) Building needs a lot of work on exterior - take a look at the facade above the top floor - it's about to fall off. I have also heard that the roof has issues.

2) Building's elevator needs to be replaced

3) Rent stabilized tenants on third and fourth floor - we all know what that means

4) Apt needs to be gut renovated - layout is a joke, finishes from the "renovation" are putting lipstick on a pig - windows need to be replaced - floor needs to be replaced - ceiling needs to be ripped out to redo wiring

5) You'll have to install window AC since top floor owns the roof

6) Very overpriced - look at 156 Franklin as a comp - exact same layout gut renovated goes for what they're asking and there's no risk on building assessments or renovation like with this apt

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Response by NYC10013
almost 16 years ago
Posts: 464
Member since: Jan 2007

1) Building needs a lot of work on exterior - take a look at the facade above the top floor - it's about to fall off. I have also heard that the roof has issues.

2) Building's elevator needs to be replaced

3) Rent stabilized tenants on third and fourth floor - we all know what that means

4) Apt needs to be gut renovated - layout is a joke, finishes from the "renovation" are putting lipstick on a pig - windows need to be replaced - floor needs to be replaced - ceiling needs to be ripped out to redo wiring

5) You'll have to install window AC since top floor owns the roof

6) Very overpriced - look at 156 Franklin as a comp - exact same layout gut renovated goes for what they're asking and there's no risk on building assessments or renovation like with this apt

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Response by NYC10013
almost 16 years ago
Posts: 464
Member since: Jan 2007

1) Building needs a lot of work on exterior - take a look at the facade above the top floor - it's about to fall off. I have also heard that the roof has issues.

2) Building's elevator needs to be replaced

3) Rent stabilized tenants on third and fourth floor - we all know what that means

4) Apt needs to be gut renovated - layout is a joke, finishes from the "renovation" are putting lipstick on a pig - windows need to be replaced - floor needs to be replaced - ceiling needs to be ripped out to redo wiring

5) You'll have to install window AC since top floor owns the roof

6) Very overpriced - look at 156 Franklin as a comp - exact same layout gut renovated goes for what they're asking and there's no risk on building assessments or renovation like with this apt

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