Hunt for an alcove studio/1 bedroom on UWS

Isn't (non-glamorous) LTowers the best choice. Lots of competing products so little chance you will overpay (vs todays market, who knows about tomorrow). Monthlies are not low but not outrageous. Functional, doorman. Wait for one of the unrenovated ones to get a better price.

specify buy or rent

The Broadmoor always has well priced units. It's a little farther North than you wanted, but it's got doorman and nice atrium.

are you talking on the market or closed sales as an example of what could be had? that's where julia is always totally off, the ask/sales price makes a huge difference.

there was recently an alcove at 160 wea that went for $347k, $880 in mtc including electricity.

Alanhart: to buy.

AR: 347k at 160 WEA doesn't strike me as cheap, considering.

Buyerbuyer: yes, LT would seem to be the best choice - is that it, really?

Nshipley: too far north.

With respect to Lincoln Towers, I have a hard time (like w67) shaking the fact that those studios are now selling for what a large 2br with dining alcove sold for back in '98.

i don't think it's so cheap, either, but the maintenance is not that bad for the size given that it includes electricity. and it has a new kitchen, which most there do not.

and no, that's not it. i've found a number of other examples in closed sales recently.

http://www.nytimes.com/1998/10/24/realestate/residential-sales.html
http://www.nytimes.com/1997/11/23/realestate/residential-resales-210439.html?scp=8&sq=%22140%20west%20end%22&st=cse

NYC10023 so your point is that nyc property is a lot more expensive than 1997 or 1998? Gee, Interest rates then were 7.5 or 7%. Today, interest rates are 4.5%. That means todays prices could be 67% higher just accounting for interest rates.

So you rest easy that prop. prices are a pure function of interest rates?