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bargains gone unseen

Started by Salut
about 16 years ago
Posts: 132
Member since: May 2010
Discussion about
west81st, I'm cutiing and pasting from your original thread: I wasn't able to see any bargains for a proper (setback, terrace) pre-war penthouse anywhere in Manhattan, forget UWS. Am I wrong, did I miss anything or the market on those properties seems to be elusive? Seems that they are far between and somehow don't lose value.
Response by ph41
about 16 years ago
Posts: 3390
Member since: Feb 2008

w67TH - So you think whoever bought that got a good deal? Wasn't a "lemming"?

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Response by rlmnyc
about 16 years ago
Posts: 273
Member since: May 2009

I saw this apartment, and it needed major work. Major. Didn't make an offer.

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Response by West81st
about 16 years ago
Posts: 5564
Member since: Jan 2008

Salut: There has been a fair amount of activity on the rooftops of Broadway from 90th to 94th Street in the past year. In addition to the Astor Court listing w67 mentioned (probably the best buy so far, despite its condition), there have been sales at:

220 West 93rd
http://streeteasy.com/nyc/sale/445373-condo-220-west-93rd-street-upper-west-side-new-york
215 West 91st
http://streeteasy.com/nyc/sale/473285-coop-215-west-91st-street-upper-west-side-new-york
and 215 West 90th
http://streeteasy.com/nyc/sale/500268-condo-215-west-90th-street-upper-west-side-new-york

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Response by West81st
about 16 years ago
Posts: 5564
Member since: Jan 2008

At higher price points, the penthouse at 250 West 94th is in contract, and the one at 255 West 90th is still on the market:
http://streeteasy.com/nyc/sale/503740-coop-250-west-94th-street-upper-west-side-new-york
http://streeteasy.com/nyc/sale/524704-coop-255-west-90th-street-upper-west-side-new-york

There is also a "PH" unit in contract at 250 West 90th, but it has no outdoor space and is a penthouse only for marketing purposes.
http://streeteasy.com/nyc/sale/516300-condo-250-west-90th-street-upper-west-side-new-york

310 Riverside has seen some turnover in apartments with substantial outdoor space and great views, so those are useful comps too. Also check 222 RSD.

I don't watch other neighborhoods as closely. 2009 saw serious price-chopping on several Carnegie Hill penthouses, but I can't say whether they wound up being bargains because each one is so unique. I'll look up the listings when I have some time.

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Response by Wbottom
about 16 years ago
Posts: 2142
Member since: May 2010

so eight one, do you think we've seen the bottom?

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Response by OTNYC
about 16 years ago
Posts: 547
Member since: Feb 2009

What did 215 west 90th PHC close for?? looks like the best deal of the bunch...

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Response by West81st
about 16 years ago
Posts: 5564
Member since: Jan 2008

OTNYC: About 4% over ask, I think. Very cute apartment. Problem there was the size of the bedrooms.

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Response by West81st
about 16 years ago
Posts: 5564
Member since: Jan 2008

Wbottom: No, but my crystal ball is no better than anyone else's.

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

Ph41. For the time being, that was a non lemming trade.

Let's see how the economy holds up in the next year bf declaring victory. I am seeing alot of backpedaling by the biggest bull economists lately. Deflation is not so far fetched it seems, but seems like Russia is gonna make my corn flakes $9 box soon. Better stock up.

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

W81, my crystal ball says it's gonna be hammer time in the fall.

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