Skip Navigation

203 West 90th

Started by bigdude2103
almost 16 years ago
Posts: 46
Member since: Jul 2009
Discussion about
THere's a penthouse for sale now, just under $1.7mm, that seems ridculously underpriced (3br, huge terrace). Aside from general arguments that the entire market is overpriced (I don't disagree), does anyone know why this unit seems cheap on a relative basis? Just over $1k psf without including the huge terrace. Thanks.
Response by spinnaker1
almost 16 years ago
Posts: 1670
Member since: Jan 2008

dude, that building has been wrapped in scaffolding for a few years now. It's a hybrid oddball of prewar with new floors added on top. Last year I saw a group of people in very non-construction attire being led through the matrix of the scaffolding. Could have been board members but I remarked to my wife that it looked more like a jury. Anyway, caveat emptor. It's likely underpriced for a reason.

Ignored comment. Unhide
Response by sideline_searcher
almost 16 years ago
Posts: 33
Member since: Jun 2008

I looked into this building, and the main issue is that the top floors have some structure issues. There was a lawsuit against the builder and the building won. However, it is very tough to get a mortgage in this building. The work will go on for years and I don't know if it will ever be resolved.

Ignored comment. Unhide
Response by PMG
almost 16 years ago
Posts: 1322
Member since: Jan 2008

Is this the building Tim Gunn bought a high floor unit in?

Ignored comment. Unhide
Response by PMG
almost 16 years ago
Posts: 1322
Member since: Jan 2008

Yes, it is. He owns PHG. The buyer will be neighbors with Tim Gunn. Guess there's not a Tim Gunn neighbor premium. ;)

Ignored comment. Unhide
Response by bigdude2103
almost 16 years ago
Posts: 46
Member since: Jul 2009

checked this unit out. no real clarity on the construction, other than the facade on the added units needs to be replaced. it's a really nice unit. real 3br / 3 bath, small kitchen and living room. the terrace is amazing. all in all, if you're willing to take the risk, its worth it, but man, who knows that the risk is...

Ignored comment. Unhide

Add Your Comment