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Would you pay $1.375M for a 4th floor walk-up?

Started by joeny
almost 16 years ago
Posts: 8
Member since: Sep 2010
Discussion about
As a general principle, would you ever spend $1.375 million for a 4th floor walk-up in a townhouse? (let's say 1000 sq ft apt; small private roofdeck)
Response by Riversider
almost 16 years ago
Posts: 13573
Member since: Apr 2009

Your honor, The lawyer is leading the witness.

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Response by dmag2020
almost 16 years ago
Posts: 430
Member since: Feb 2007

No.

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Response by KISS
almost 16 years ago
Posts: 303
Member since: Mar 2008

that's chump change. how about $3.1mm for a 4th fl walkup?

http://streeteasy.com/nyc/sale/558203-coop-52-west-9th-street-greenwich-village-new-york

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Response by maly
almost 16 years ago
Posts: 1377
Member since: Jan 2009

No. Maybe if it were at a significant discount to another 1,000 sq ft apartment in a full service building, but flats in townhouses have exaggerated square footage in the first place (counting the stairwell), and the ppsf is too high for a walk-up.

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Response by lad
almost 16 years ago
Posts: 707
Member since: Apr 2009

The price per square foot seems absurd for any building, walkup or not.

But I'd pay $1.375 million for, a 4th-floor walkup in the 1,500 - 2,000 square foot range if it were in a well-maintained, architectually interesting building.

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Response by nyc10023
almost 16 years ago
Posts: 7614
Member since: Nov 2008

You mean 127 W86th?

Look at pricing for the apts in 159 W74th. Better location, walkup, 3rd floor (one above parlor) and 4th closed for well over 1.5m a few years ago.

Also look at 14W87th.

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Response by nyc10023
almost 16 years ago
Posts: 7614
Member since: Nov 2008

20W71st - prime block 2.5 floors, last ask a touch under 3m, roofdeck.

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Response by nyc10023
almost 16 years ago
Posts: 7614
Member since: Nov 2008

Another comp - 50/52 W 70th.

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Response by jason10006
almost 16 years ago
Posts: 5257
Member since: Jan 2009

Fourth floor walk ups - arggh. Had one for two years. Hated going and coming from the airport, and any sort o shopping. Hated it. Delivery people hated me.

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Response by notadmin
almost 16 years ago
Posts: 3835
Member since: Jul 2008

same thing here jason, i'd never consider a 4th floor walkup. they will have to pay me (and well) for me to accept it.

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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

agreed, won't do a 4th floor walkup no matter how nice

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