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Sale at 26 East 93rd Street #4CD - square ft

Started by nycREjunkie
about 15 years ago
Posts: 116
Member since: Mar 2007
Discussion about 26 East 93rd Street #4CD
Can someone (preferably even the broker with this listing that came to the conclusion) please explain how this apt is 2,000 sq ft? I added up all of the sq ft listed on the floor plan (and was overly generous by rounding up to nearest foot) and came to about 1,200 sq ft. I then added 300-400 sq ft for bathrooms, closets, hallways so that gave me 1,600 sq ft. And again that was being generous in my... [more]
Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Borkers have a hard time with numbers outside of 6. But if your apt is $6,666,666 and the square footage is 6,666 sq ft and it's 06/06/2016. You'll have no problems with them.

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Obtw. Is this apt near a park? Well there is your 400sq ft.

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Did you include your pro rata share of the stairwell?

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

How pro-rata share of the super's apt?

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Pro-rata of bldg entrance?

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Oh fk. Look buddy. The borkers that be just wanna throw up their hands and say 'no one can figure out nyc re, just stfu and buy the Fking place and give me my share.'

If you 'get that' than it'll make complete sense to you.

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Response by nycREjunkie
about 15 years ago
Posts: 116
Member since: Mar 2007

Unfortunately you are 100% right.

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

Looks as if the pricing is based on what 2CD and 3CD went for or are asking, and what they paid for 4CD in 2006. Neither 2CD nor 3CD mention ft², probably because they don't know, or couldn't guess what method buyers would use in calculating it.

Anyway, the broker's at hej@corcoran.com if you want to tell her it's not as big as other 2000 ft² places you've seen.

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Response by apt23
about 15 years ago
Posts: 2041
Member since: Jul 2009

I like this one. It is harder to over reach so much in smaller apts but that doesn't seem to stop anyone. 415 sq ft uh huh

http://streeteasy.com/nyc/sale/534192-condo-230-riverside-drive-upper-west-side-new-york

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Response by inonada
about 15 years ago
Posts: 7952
Member since: Oct 2008

It's 2000 sq ft because $1250 a sq ft sounds better than $1560 a sq ft, dummy. But don't worry, when you're ready to sell, hej@corcoran.com will list it at 2500 sq ft for you.

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Response by falcogold1
about 15 years ago
Posts: 4159
Member since: Sep 2008

I use the same ruler to measure little falco.
Gosh, it measures HUGE! funny, from here it does'nt look that big.

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Response by huntersburg
about 15 years ago
Posts: 11329
Member since: Nov 2010

Seems roughly 40x40.

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Response by dwell
about 15 years ago
Posts: 2341
Member since: Jul 2008

>Will someone please help explain this to me?

they lie.

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Response by whocan
about 15 years ago
Posts: 11
Member since: Oct 2010

Length at south side is 20'+19'4"+interior partition (probably 1')+ 2 exterior wall (looks like 4' to me, the east wall is really thick). There you have it, about 44'. If it is square, the area is 44'x44'= 1,936sf.

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

64 magical square feet. A portal from which to speak to the undead. A levitating abyss that is => a borker's mind!!!!!!

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Response by nycREjunkie
about 15 years ago
Posts: 116
Member since: Mar 2007

Whocan - your explanation looks accurate although in my opinion irrational (by the seller/broker). So I now turn this thread into a slightly different discussion. Do you all think this is accepted practice? Should the apt be priced on the usable/interior sq ft or including exterior walls as they have done here? If buyer and seller can actually agree on a price per sq ft this massive 400 sq ft difference including all exterior walls still has huge bid ask spread. How would one try to negotiate this?

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

The buyer and seller negotiate a total price, not a price per square foot.

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Response by apt23
about 15 years ago
Posts: 2041
Member since: Jul 2009

But psf is the only current way to compare relative price. Brokers should only use interior sf. At the very least they would have to discount for "" (OMG!) as you would discount outdoor space. So if this broker is using wall thickness, it is a reprehensible tactic.

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Response by apt23
about 15 years ago
Posts: 2041
Member since: Jul 2009

discount for "wall thickness"

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Response by nycREjunkie
about 15 years ago
Posts: 116
Member since: Mar 2007

Yes but both negotiate based on comps. Similar apts in terms of bedrooms, bathrooms, location, amenities and price per sq ft. What else is the price based on besides a figment of the imagination?

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

Size is just one of many factors, and some square feet are worth more than others. You wouldn't focus exclusively on just one of the other subjective aspects, like the view, would you?

Price per unit might matter in buying salt, but not in much else.

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Response by nycREjunkie
about 15 years ago
Posts: 116
Member since: Mar 2007

I understand and agree some space is worth more than other due to additional factors but a bedroom is a bedroom. One bedroom in one apt does not/cannot become a bedroom and a half or bedroom with ensuite bath in another. 1 sq foot = 1 sq foot is my point. 1 never equals 2 regardless of the location, light, amenities etc. That is where the price per unit comes into factor. But this isn't about should it be priced at X per sq ft or Y per sq ft. It is about how many sq feet is it.

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

Exactly: how many? There is no standard for what we're measuring, so not much use in bothering with it.

If somebody wants to sell me a container and says it holds one liter, that'd be easy to verify. If he says 10000 cubic feet but isn't counting the walls, while I think he is, we're not going to agree.

That's why smart brokers don't cite feet at all. If they do, they add a disclaimer that more or less says "Agree on a method with your engineer and have her measure. Keep me out of it."

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

And then some people are more quantitative than others. Some think small/average/big and others want to put a number on it.

Take this ad: http://streeteasy.com/nyc/rental/723869-condo-390-west-end-avenue-upper-west-side-new-york

It says "14 foot ceilings". Impossible, as the floor-to-floor height there is only 12 feet, so it's more like 11 feet. You'd think a broker trying to rent in that market would know that that matters, but a guess by someone with no dimensional sense was thought to be good enough.

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Response by inonada
about 15 years ago
Posts: 7952
Member since: Oct 2008

I'm sorry, but those walls are not 2 feet thick. The kitchen is 5 feet, so 2 feet is the depth of the kitchen counter on that floorplan. Even the right wall in the living room with the seating is being accounted for in the room width, as evidenced by comparison to the dining room width. A 40 ft by 40 ft square is already generous here, accounting for the outside walls.

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Fktards really.

No standards really? Look at any condo by-laws. To the inch, itll tell you. Just search 'planes' on the documents. It's all laid out.

Could you imagine a professional doctor telling your sick child, take 16ml or 12oz of the cough syrup. Who gives a fk. So why do realtwhores get a pass?

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Response by nycREjunkie
about 15 years ago
Posts: 116
Member since: Mar 2007

Anyone attend openhouse today? Is it really 2,000 sq ft?

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

To get away again from subject at hand, the floor-to-floor height at the Apthorp is 12'10" rather than the 12' I said. So ad was off by about two feet rather than three.

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Response by nycREjunkie
almost 15 years ago
Posts: 116
Member since: Mar 2007

Anyone attend openhouse today? Thoughts?

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Response by cbsml
almost 15 years ago
Posts: 31
Member since: Dec 2007

Any more info on this building? So far, it doesn't sound good based on this commentary.

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Response by nycREjunkie
almost 15 years ago
Posts: 116
Member since: Mar 2007

And so it begins.....price chop. Now ask below cost. However unfortunately not cut enough. Broker doing their client a disservice with the advice/strategy. Wall St got their bonuses....where are the bids?

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Response by cbsml
almost 15 years ago
Posts: 31
Member since: Dec 2007

Back to size. My last apartment was 2,000 square feet. This one is way smaller than that.

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Response by nycREjunkie
almost 15 years ago
Posts: 116
Member since: Mar 2007

Not only back to the size issue but in my opinion the issue regarding the maintenance (lack thereof) of the building itself. At what price does it make that all worth it?

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Response by AWBigs
almost 15 years ago
Posts: 12
Member since: Apr 2009

I'm honestly SHOCKED this apartment went for $2.3. It's a crummy building. I went to the open house and was underwhelmed by almost everything except that it had recently been renovated. I can't imagine that a building like this could get prices in this range.

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Response by nycREjunkie
almost 15 years ago
Posts: 116
Member since: Mar 2007

Are you sure that was the closing price? I am just as surprised but I guess some people's priorities are different than ours. All you need is one buyer.

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Response by 007
almost 15 years ago
Posts: 195
Member since: Nov 2008

It's demand and supply. the inventory is poor allover the city and prices are way up for any apartment above 1500sqf. It's almost getting to the point that it is tempting to sell....

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Response by mynycse
almost 15 years ago
Posts: 86
Member since: Apr 2010

Let me chip in a bit of my experience: Initially I thought my apartment's size was overestimated by 16-17%, and I wasn't happy about it. However, once I received my bank's appraisal report, I totally understood where the number was coming from. Obviously, the listing agent took the number from the bank's appraisal report, which I assumed was correct, and the agent rounded it up by 2 sq ft (e.g. 998 to 1000). And, of course, the size from the appraisal report includes exterior walls. Well, at least from the standpoint of a listing agent, potential buyers cannot argue with the bank's appraisal report, can they? Since the apartment is a coop, that's the only number that a listing agent can hold on to.

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