These numbers don't add up but seller sees ca ching!
http://streeteasy.com/nyc/sale/528908-condo-225-west-83rd-street-upper-west-side-new-york?email=true
2004 sale recorded square footage at 1375 sqft for a sale price of 885,000
2010 listing now has square footage down to 1066 sqft yet with a price of 1,550,000
Question: Is there a mechanism whereby a broker can correct past errors in the public record? I am making an assumption that there is an error here somewhere, most likely the terrance was included in the overall square footage back in 2004.
EVEN SO!!! 2004 to 2010 appreciation of a cool 75% for this? Clearly I am missing something the broker failed to communicate.
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Response by ab_11218
over 15 years ago
Posts: 2017
Member since: May 2009
the owner is dreaming. most likely had a few brokers come in and tell him lower numbers that he didn't like and decided that he can do a better job and get more money...... sure
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Response by roslyn10023
over 15 years ago
Posts: 1
Member since: Jun 2010
I actually saw this apartment and it is so NOT worth the asking price, not even close. The "updates" were probably done around ten years ago, and the layout is awkward. That pantry they mention, behind the dining table. So you need to move the table every time you want to access the pantry. The closets are awkward and the layout is only good if you have minimal furniture. The terrace is nice, but you only have morning sun since it's a low floor and you're tucked on the inside of the "L" shaped building, so the apartment was really dark in the afternoon. For the price, I could get a much nicer recently renovated apartment on a higher floor. The owners are delusional and greedy if they think there is someone stupid enough to pay this price for that apartment. Plus, you can tell how greedy they were by their previous asking rental prices for this place. I think the previous posters were correct in their assessments.
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Response by w67thstreet
over 15 years ago
Posts: 9003
Member since: Dec 2008
Hey spinny, I cut my teeth on the bromley in 1996 to 20001, I traded some units there for $315psf in 1998 so the fact se only goes back to 2003 does a real real real disservice to the bubble parabola on a chart. Flmao. And did I sell too soon, absolutely but I made my 50% in 3 months. :). I'd still do that anyday, get out after 50% pop in 3 months. Flmao.
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Response by spinnaker1
over 15 years ago
Posts: 1670
Member since: Jan 2008
Oh, a FSBO!! I should have known by the highlighting of "DIMMERS" in the write up.
So Bubba, you really WE'RE caught sucking your thumb when the music stopped!! 50% in 3 months vs 500% over 8 yrs? Wowza bubba, nicely done!!
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Response by spinnaker1
over 15 years ago
Posts: 1670
Member since: Jan 2008
We wouldn't want to see you get all caught up in making $$$ in the bubble factory now would we?
the owner is dreaming. most likely had a few brokers come in and tell him lower numbers that he didn't like and decided that he can do a better job and get more money...... sure
I actually saw this apartment and it is so NOT worth the asking price, not even close. The "updates" were probably done around ten years ago, and the layout is awkward. That pantry they mention, behind the dining table. So you need to move the table every time you want to access the pantry. The closets are awkward and the layout is only good if you have minimal furniture. The terrace is nice, but you only have morning sun since it's a low floor and you're tucked on the inside of the "L" shaped building, so the apartment was really dark in the afternoon. For the price, I could get a much nicer recently renovated apartment on a higher floor. The owners are delusional and greedy if they think there is someone stupid enough to pay this price for that apartment. Plus, you can tell how greedy they were by their previous asking rental prices for this place. I think the previous posters were correct in their assessments.
Hey spinny, I cut my teeth on the bromley in 1996 to 20001, I traded some units there for $315psf in 1998 so the fact se only goes back to 2003 does a real real real disservice to the bubble parabola on a chart. Flmao. And did I sell too soon, absolutely but I made my 50% in 3 months. :). I'd still do that anyday, get out after 50% pop in 3 months. Flmao.
Oh, a FSBO!! I should have known by the highlighting of "DIMMERS" in the write up.
So Bubba, you really WE'RE caught sucking your thumb when the music stopped!! 50% in 3 months vs 500% over 8 yrs? Wowza bubba, nicely done!!
We wouldn't want to see you get all caught up in making $$$ in the bubble factory now would we?
I wonder did we offend someone?
Listing is "no longer available"