Oh Sweet Mystery of Life...I Have Found You!

and 5th floor.....did you read the building page description.

Walk Up Apartments, Cooperative (Other Than Condominiums) (C6)
Owned by 72 RIVER TENANTS CORP
20 units
5 floors

Extra attention to the first three words .....

Truth, a few times I've been to open houses where SE calls it a walk-up apartment and it turns out that there is in fact an elevator. This is probably a walkup, but you can't always accept SE's info on this particular point.

This building is a walk-up

I know everything about this building. What do you want to know?

It is indeed a walk-up, and the 5th floor is the top floor.

I saw the same listing, and for the price and maintenance, it looked too good to be true... and it was. 5th floor walk-up is brutal.

Shouldn't this go for 700/sf tops?

You have all missed my point.
The maintence could not be this amount.
Look at the other apartments in the building.
This is a 3 apartment combo with lower carry costs then an individual unit?
OK MRussell...explain?

Falco: 5A one bedroom is showing $621/mo common charges, so 5BCD seems to be in line with that.

The maintenance is $1,875, which makes sense.

Falco, what do you want to know about the building?

5A is not $621. That's half...the seller is paying half cc for two years.
5A is $1242.
5BCD is only $1875? how can that be?
Look at the cc's of the other apartments in the building. Why is the carge so low here?
Forget about the walk up 5A is the same walk up but prportionaly much higher monthy charge.
THAT'S THE MYSTERY!

falco - must have missed it, becasue I can't find the place in the listing that says that seller is paying half of cc for 5A? All I see is the $621 stated.

wait...you missed something?

you got something wrong?

what's new?

Apartment comes with a free stairmaster

Check out the details for 1B.

Im confused to. I don't see relevance to the first floor paying half CCs.
5A is a great reference. With $621 maintenance on 600 sq ft, projecting that proportion out to 5bcd would come out to $1739.
Aren't first floors immensely more valuable in walk ups?

In a walkup the second floor is the most valuable. On the first floor you have to deal with people looking in your windows. On the second floor you have to walk the least amount of stairs before you are at the first above ground apartment. Everything beyond the second floor typically ends up being worth less than the floor before it. There are little things that change this logic, such as being the back apartment with a garden, or if the top floor has skylights and an amazing terrace but for the most part the second floor is the best floor to be on.

(Matthew Russell - Brown Harris Stevens)

Keep in mind also that it backs onto 525 which is 50 storys tall and the FDR......

@ deanc: What is your point?