Time to play How Much is This Apartment Worth?

I can only comment on the layout since I don't know the bldg. but i would say WOW...the layout is perfect...this is how every one bedroom in Manhattan should be rather than the small spaces that pass for one bedrooms.

Do you know the neighbors of the apartment because you should check if you will be living with them. These are real real estate issues.

Julia's right, the layout is awesome. Assuming you get light, I'd say it's high but for the market not unreasonably so.

evnyc and julia, how high do you think the ask is?

A smaller 1BR (no dining area, slightly worse layout) sold in 1/10 for 747,500. This apartment on a slightly higher floor sold in 200 for $847,000. I'd bet that this will sell for at least $795,000 if not a little more. Maintenance is in line at under $1.50 psf

Sorry, same apartment on a slightly higher floor sold in 2007 for $847,000.

This is the ideal one bedroom layout, imo. If the building, location, views were to my liking, this is the kind of place I wouldn't let get away from me if I wanted it. Charms of yesterday, a layout that matches today's way of living perfectly well, windowed kitchen and bathroom, designated dining area, a place for desk(s), great closets. This is the kind of place I wouldn't quibble over $20,000 for. I would guess that in GV, an equivalent apartment would carry $1300-1800 maintenance and sell for a quarter to half million dollars more.

Um, when you click on it, the apartment is clearly listed at $840k, rlmnyc. Completely agree with Kyle, and would add that the layout's flexibility makes this one of the few 1-bedrooms you could actually use as a 2-br for a while if necessary without sacrificing quality of life. And I do not say that often.

Thanks, ph41 and kylewest. evnyc, sorry, I wasn't clear in my question. I meant, how much higher is the ask than you think it should be?

I think the ask is actually very much in the right zone - leaves a little (5-10%) wiggle room for a buyer and for the seller to come to a meeting of the minds. It does look like a really nice apartment (especially with that huge foyer and good sized bedroom. IMHO don't think this one will stay on the market for very long.

See, I can't even price apts like these, because a 1-bedroom "should" never cost more than 400k. I also have trouble getting into the "forever" apt demographic that this apt would be good for (active couple/single closer to retirement).

Slightly smaller...listed at 895k in contract. Assume it went around 850 or so...better location and incomparable view.
http://www.prudentialelliman.com/listings.ASpx?listingid=1031973&utm_source=Streeteasy&utm_campaign=corporate&utm_medium=listings

NYC10023 - Just check out (as I'm sure you have) other 1 BR's in the $600-750 range, which really don't come close to this one in space and grace (though the dining area itself is not much bigger than the ones in most postwars). How about couple, no children? Or with children grown? And, if you do ever come across a real one bedroom below 400K, please post it here, because I've been looking. Daughter of a friend of mine is looking, I'm trying to help - seeing mainly alcove studios, or 1 BR's with very high maintenance.

It isn't that 840k isn't market. It's merely that I am stuck in the 1998-99 - good 1-bedrooms not more than 400k mode.

Thanks, all. We are a couple with a dog and no kids. This could be a good place for us. Honestly, the only thing I think it's missing that I really want is an extra half-bath.

On a different note, columbiacounty, why do I have to unhide your comments? I've always found you extremely helpful.

5RSD - yep, better views BUT the wind. I got knocked down once while trying to get in to see an open house by the fierce wind.

With thru wall a/c and a washer/dryer it would be sublime.

Ah, gotcha rlmnyc - my opinion is that there's maybe 5-10% wiggle room in the price, but this is just me blowing hot air.

Kylewest - given your dislike of the 40-50 East 10th street layouts, I'm surprised you don't take issue with some of the wasted space in the foyer! ;-)

buster: wow--you have a good memory. My issue with 40-50 E 10th 1-bdrm layout is just that in a one bedroom, every inch counts more. Once you are in a classic 6, if there is some space dedicated to "graciousness" that's delicious. But in a 1 bdrm, I'd prefer space for desks over an entry area that takes up a lot of space but can't be used for anything but passing through to other rooms. Here, the entry area can be used for desks for 1 or even 2 people and still it provides a very nice way to enter the apartment. I love the step down living room (nice deco feature) and higher ceilings than post-wars generally offer. I like the flow between living room and bathroom. I like the space for a dining area that is windowed and clearly a dining area.

In 40-50 E 10, the dining table has to sit in the livingroom which I really don't love, or a small table has to sit in the area just past the entry which is windowless and which aIso don't live if I am remembering the layouts correctly.

For a one bedroom, it is all about maximizing space and still not feeling cramped. I love the layout here for that reason. At this price point, this is as good as it gets. Frankly, it is very, very similar to the layout of my apartment, although to live in the area I chose and get this layout, I had to go with a 1950s building. It is quite nice, albeit somewhat plain from the outside, and I had to sacrifice the high ceilings (although mine are not as low as say 55 E 9 or 40 E 9).

kyle, kyle, say it ain't so!! A postwar!! This goes back to any early thread of "if you can't have it all?.

But, I would still absolutely love to have YOU host the next meet-up so I could see perfection and compare it to all the things I screwed up in our renovation.

Speaking of post war - what about this one - full Reno only on for a couple of weeks - pretty good location - low floor - low CC's

http://nymag.streeteasy.com/nyc/sale/505315-coop-70-riverside-drive-upper-west-side-new-york

Terrible location, for Riverside Drive. Right by 79th street on and off ramp. Lots of fumes.

anyone have an opportunity to fly by the open house today?

I didn't wind up going to the 565 WEA open house today, since the desire for an extra half-bath and a washer/dryer is growing on me. And deep in my heart, I do believe the market's still going down. I don't want to settle now--even for this seemingly lovely apartment--and then have buyer's remorse. Anybody else?

the dress forms? clear them out.

Did you see the dress forms in person, romary? How did they go with the overall decorating scheme?