Distressed Seller - Principals Only

What is the mortgage on it?

695k plus 22k in condo arrears

to many unknowns....interested, but need to know more...building ? line?

plz talk to geitner and tell us what you can do on that mortgage... and if the unit above sold for $500K... then well... Go past, lemming and straight to BK.

Seriously, why ask $795K when she should be selling for $717K w/o broker... oh shitz... that's why it's going into foreclosure... .she don't speak financials...

Not my gene pool.... thatz the way the mkt rollz.

who pays close to full price for a condo based on only a few facts like this unless they HAVE to be in the 80s west of third? the world is a lot bigger, but people who cannot see that are inherently a little odd, and issues like renovation, floor height, light, views, building financials, become important. Good luck finding your odd ball buyer

I checked StreetEasy and Prudential's website and do NOT see this condo listed. I looked for east 80's condo, 1.5 baths, asking price between $750K and $800K. Then, to be sure, I checked out ALL LISTINGS for Max Dobens and nothing similar to this showed up. Is this real?

Even if it is real, I do not understand how this would be a short sale if the mortgage + condo fees in arrears = $717K and you are asking $795. Also, if the seller is desperate and wants a cash deal for a quick closing, then why would you be asking over $1,050 per square foot. That is very high.

Looks a lot like 1438 Third Avenue, 28A. 771 sqft instead of 741 sqft. CCs and RET very close to the OP's #s. Arguably "west" of Third as the bldg is on the west side of Third Avenue. Mtge is 495k, not 695k. Am I right?

nyc10023: I suspect you're right, but I only see a 420k mortgage on that unit. And I wonder how the owner could have racked 22k in condo fees when he's only owned the unit 10 months - which translates to 5.5k in cc's (and less than 12k combined cc's and taxes) in toto. Methinks we're not getting a straight story from maxd.

You guys are good. You should have your own detective show!

I have a distressed apartment for a short sale, 1,100 square feet asking $1.5 million, in Tribeca west of W Broadway. My mortgage is $500,000. Please help me.

Dmag. Funny

nyc10023 nice work

To OP, 'short sale' as marketing tool, you being the tool. Maybe in 1999, it's 2010 and we gotz streeteasy you dirt covered piece of human excrement in a suit w a blackberry. Try again azzhole.

There could be a 2nd mortage or HELOC on the apt. that does not show up in the records.

maxd, never mind the nutjobs here. They infest every post.

Now, by a short sale do you mean that it's selling for less than what the owner paid, or that you envision a sale below mortgage + arrears?

Also, can you tell me the unit? Why don't you have it listed as one of our properties?

I think he's feeling out his pricing.

Max: I hope we haven't scared you off. FWIW, I have met your wife and I think she's a good broker.