Under $700 per Square Foot

Bump
Fist pump
Azz shake.

Let me remember my math. It's 7, 6 then ?

Let me get this right, 1,805 square feet for $1,250,000, below 96th street? Is the term land-lease anywhere to be found in the adverstiment? I wouldn't live in this hood because I'm a stuck up snob, but I want go to an open house just to smell $700 a foot. Pictures look nice, I'm guessing they slaughter loud goats and chickens next door all through-out the night.

Not a land-lease. The co-op owns its own land. It does have an $8,500,000 underlying mortgage, but the maintenance doesn't seem all that high.

Should've added that it's an amortizing mortgage at 7.65%, and will be paid off in 2018.

Don't think the Morgan Library allows slaughter of goats and chickens in the galleries.

I wonder how last week's "winners" of the auction up the street at $840 per sq ft are feeling.

IMO the floor/noise/maintenance are not the problem here. Isn't the main problem the layout? The MBR and Bath take up around 40-45% of the space. Combine that with the "home office", which has no closets and is difficult to use as a real 3rd bedroom, and now you're talking well over 50% of the space. This probably is 1,800sqft, but it must feel like a much smaller apartment outside the MBR.

seg - totally agree with you. This is one of those "combos" that just doesn't really work well or add value.

I'm not sure the debatable layout justifies prices that low. The MBR is enormous, but the living room isn't that small compared to other Manhattan apartments. It needs work, at a minimum you would need to install closets in the MBR and do something with the home office. There is also a 2 BR with a decent layout selling at a similar psf. Looks like a rare good value in Manhattan.

Light is completely blocked by tress as it is on the third floor. Master bedroom could be made smaller by just moving the wall. Do not know the ceiling height. But the price seems good. Murray Hill trades around 900-1000 per sq ft any way. Discount for streetnoise and tree blocking light.

holy moses, thats cheap.

its not perfect, but its not awful either. Under $700. Wow.

Pretty good price, but it is masking the fact that this is a 2BR masquerading as a 3BR, and has a monthly maintenance of $2500, which is not totally insane, but high enough to probably warrant a lower price than you might expect.

For 1800 sq ft, a maintenance of $2500 isn't unreasonable. But I agree that the layout maybe the problem.

There are other apartments in Murray hill close to that price range. Still think this is good value if you do not mind a lack of light due to being blocked by the trees.
http://streeteasy.com/nyc/sale/502655-coop-7-east-35th-street-midtown-south-new-york

damn trees!

Seriously, think of what a sub $700 psf would have sounded like 3 years ago. Not to mention, $2500 maintenance before all those increases would have been more like $1800-2000, right?

Its not perfect, but clearly this is a different day.

700/sqft is nothing special. All about context. You can get a TH in primish UWS for 700/sqft.

whats a TH?

And if $700 is now nothing special... isn't that the point? Thats quite a ways from just a few years back.

Times have certainly changed.