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Crazy sales history

Started by bramstar
over 15 years ago
Posts: 1909
Member since: May 2008
Discussion about
Check out the crazy sales history for this unit. The 2002 buyer really took a bath at resale. Sheesh. http://streeteasy.com/nyc/sale/577364-condo-222-riverside-drive-upper-west-side-new-york
Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

That was a miscalculation. The actual sale price was $2,100,000.

The taxes as recorded by the city were:

..$8400 ($4 per thousand)
$21000 (1% mansion tax)
------
$29400

Somebody took the $29400 total (instead of the $8400) and divided by .004 to get $7,350,000.

Still a good bubble pattern, though.

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Response by ph41
over 15 years ago
Posts: 3390
Member since: Feb 2008

The seller is the actor on Law & Order - obviously bought it in the first flush of stardom. Still, that resale price must have hurt.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

Bramstar: SE has the 2002 price wrong. It was $2.1MM ($8,400/.004, or $21,000/.01), not $7.35MM.

http://a836-acris.nyc.gov/Scripts/DocSearch.dll/ViewImage?Doc_ID=FT_1200008814420

Benno Schmidt's old apartment, FWIW.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

Curse you NWT. I should have known you'd beat me to the punch if I started researching provenance.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Ah, but you don't see all those where I'm still digging while you're posting....

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Response by bramstar
over 15 years ago
Posts: 1909
Member since: May 2008

D'oh. I didn't even bother to check. Thanks, NWT and West for setting the record straight...

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Response by StreetEasySupport
over 15 years ago
Posts: 300
Member since: Jan 2006

Right you are. The registrar made a data entry mistake. We have corrected this closing and associated numbers. Thanks!

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