building at 360 East 72nd Street

It looks like the maint is pretty low. Given there are over 400 units, the turnover doesn't seem that high.

Also a very desirable building.

Looks like the normal range of listing discounts: a few at ask or a bit above, and most at the usual range of up to -10%.

The only one that jumps out as an oddity is B1211, a one-bedroom at $350,000. Maybe the parties are related, or it's an occupied unit, or something.

The Kaskels seem to be unloading their sponsor units at market, as they become available.

The brokers don't report transaction amounts to StreetEasy. Those come from the city's Department of Finance. Supposedly it's possible to report a higher sales number than the actual, and pay taxes on it, with the seller kicking some back to the buyer.

B1211 is a studio. the building is very well run w/ low mtc. turnover is avg.

i looked at two studio apartments there and the sellers would not budge...One studio was $545k, yes, $545k for a studio with the original finishes..what makes the apartments attractive is the low maintenance, which includes g&e.

is this a central AC building or thru the wall?

Any views on this unit?
http://streeteasy.com/nyc/sale/870698-coop-360-e-72nd-street-lenox-hill-new-york

the terrace seems pretty sick
or is it stupid to pay upward of 5mm in that building?

mgenkin, looks like the apt is already sold, and not just being shown for backup. Any time you find an apt in the city with 3000+ sf interior space plus 3000+ sf of outdoor space, it places that apt in a class of its own. So, given this buildings extremely low maintenance (one must bear in mind that maintenance and price are inversely related) and the rare o/d space, i did not expect this apt to last very long. This is a well-established coop with parking in the building that is literally have the price of some of the other garages in the neighborhood. It is very easy to put together a list of all the pros of this building that drive prices up.

Please feel free to contact me - I have some insight here.

Wow what a great apartment. I would pay $5MM for it (if I had it which of course I don't) but I would definitely expand the master bedroom as proposed. I wonder if they would allow a jacuzzi on the terrace? That would be heaven. Given the building amenities, maintenance is reasonable. Parking is ridiculous (if I have $5MM, I am having a car!) And in a few years, or more likely more than a few, the brokerbabble "are close to transportation" will actually be true. (Hmmm....if I had a $5MM apartment would I care about the train?)

I have recently financed a unit in this building, and have it approved for great rates and cheap closing costs. Call or email me to find out more.

Michael Most
Senior Mortgage Consultant
917-841-8096
Email: michael.most@citi.com

The "MOST" Trusted Name in Home Loans !

any thoughts on the board approval process here?