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Would this be a good buy?

Started by anir17
over 15 years ago
Posts: 4
Member since: Sep 2010
Discussion about
http://streeteasy.com/nyc/sale/548703-condo-110-east-87th-street-carnegie-hill-new-york What could be the potential reasons for this relatively low $/ft^2?
Response by NYCMatt
over 15 years ago
Posts: 7523
Member since: May 2009

$800K for only one bathroom is stupidly insane.

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Response by alanhart
over 15 years ago
Posts: 12397
Member since: Feb 2007

It's an okay-1bedroom-to-crappy-2bedroom conversion -- fail!

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Response by lad
over 15 years ago
Posts: 707
Member since: Apr 2009

There are plenty of places that cost $800k or more with only one bathroom.

But there's no way this is a functional two bedroom. There's not enough closet space for one person, much less a small family, and that oddly-shaped second "bedroom" is going to inevitably become a walk-in closet or storage room. I think they sellers would do better to restore the original floorplan and sell it as a grand one bedroom.

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Response by NYCMatt
over 15 years ago
Posts: 7523
Member since: May 2009

There's also a lot of wasted space in that conglomeration of four hallways connecting the living and bedroom areas.

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Response by alanhart
over 15 years ago
Posts: 12397
Member since: Feb 2007

The same layout is in contract at a much lower floor, from a much higher ask. It'll be interesting to see what it closes at (and how much it costs to restore the layout in this one).

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Response by rlmnyc
over 15 years ago
Posts: 273
Member since: May 2009

Butcher job. Pass.

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Response by broadbent
over 15 years ago
Posts: 123
Member since: Sep 2007

One bathroom in 900 sq ft one bedroom is appropriate. It's not a 2 bedroom apartment. The price is fair, and actually reasonable.

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Response by NYCMatt
over 15 years ago
Posts: 7523
Member since: May 2009

Um, no it's neither fair nor reasonable.

$600K would be more appropriate.

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Response by bob420
over 15 years ago
Posts: 581
Member since: Apr 2009

Fair? Doesn't matter. Reasonable? No.

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Response by broadbent
over 15 years ago
Posts: 123
Member since: Sep 2007

900 sq ft, prewar, good Carnegie Hill location 600K is too low.

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Response by Fairway
over 15 years ago
Posts: 156
Member since: Feb 2011

Hope someone makes it a nice 1 bed again.

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