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15 Madison Square North - 1 br

Started by sterling76
over 19 years ago
Posts: 12
Member since: Jul 2006
(Discussing 15 Madison Square North) Anyone get a look at the 1 br yet? I spoke with a Corcoran agent that admitted the eastern view was a wall and then she rudely rushed me off the phone. Guess they have no interest in pushing these units here.
Response by anonymous
over 19 years ago
Posts: 8501
Member since: Feb 2006

saw the building. south facing units are all 3 bedrooms start at high 3MM+. 1 bedrooms include an office and start at 1.275MM- There are limited (read badly obstructed views) on the 12th floor- Higher floors (19th) have much better views and are 2 bedrooms, but priced at $1.9MM. North facing units are large (3-4 bedrooms)

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Response by OnMadPark
over 16 years ago
Posts: 52
Member since: Apr 2009

I've seen both of the 1 BR layouts available. Several issues:
- They are located mid-building, and primarily face east.
- Views are completely blocked below the 13th floor. And prices are jacked up for those 13 and above.
- The C line has a small, almost unusable study. Might work as an office or a baby nursery. But it eats up enough floor space that there's no room for a dining room of any sort.
- The D line has two sides of windows -- which might be nice. Problem is a very odd layout. You walk into a medium size foyer/room between the kitchen and the living room. It doesn't seem very usable.
- There is a risk related to the building next door. The building is currently for sale. There seems to be conflicting info about whether a new build could block views . . . but that's quite a risk for buyers of these units.

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Response by sterling76
over 16 years ago
Posts: 12
Member since: Jul 2006

Yeah.. I think this is one of the most ridiculous buildings in the city. I think you nailed just some of the issues. Nevermind the completely insane pricing for these units. After my initial inquiry into this place I realized it was only for those who had money to burn for a full park view.

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Response by OnMadPark
over 16 years ago
Posts: 52
Member since: Apr 2009

Prices are dropping on these. Just noticed a 1 BR listed at $1.7M that closed at $1.45M. Down 15% from ask. Top priced remaining unit also had a 15% price chop.

Feels like 15% to 20% off will get these movin' and closed.

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Response by NoMadPark
about 16 years ago
Posts: 18
Member since: Jan 2007

Another one at a more reasonable rate. 14D closed at $1.3M. Add in developers closing costs and it's likely still over $1.4M investment.

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Response by tell46
almost 16 years ago
Posts: 24
Member since: Sep 2008

Seems like the remaining units are moving more quickly

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