The Gotham - what gives?
Started by arden
almost 15 years ago
Posts: 12
Member since: Mar 2011
Discussion about The Gotham at 170 East 87th Street in Carnegie Hill
W11A (3br) sold for $1.9m. 5B (2br) sold for $1.4m ($1000/sq ft). Now, 2 months later, 19C (3br) is asking $2.5m and 10B (2br) wants $1.8m? have there been a massive market recovery in 2 months? what is going on here?
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sellers can ask whatever they want..the only thing that matters is where the bids are
I can't speak to the 2-beds, but I am somewhat familiar with the 3-beds in the building (we saw W19C not too long ago, spoke to the broker a bunch, actually considered making an offer, but probably won't)
W19C is bigger than W11A, on a higher floor, and has outdoor space. Really not apples to apples.
That said, the ask on W19C is a total joke. The kitchen is nice, but pretty much everything else in the apartment needs work. And the floorplan is a bit funky, not the best use of space. And the maintenance + RE taxes add up to over $2psf. We did not see the pool, but the gym was mediocre and the playroom was depressing/disgusting, so I don't think you're paying the maintenance for the amenities.
The broker said they were very motivated sellers, so if she's telling the truth, I won't be surprised to see W19C on the "successful lowballs" thread in the upcoming months.