May 1: Open House Extravaganza

Looking up on 430 East 56th Street

04/15/2011 #3B ask $1,200,000

09/27/2010 #6B ask $899,000 sold

11/17/2009 #10 ask $940,000 sold

love is in the air...

but what effect will the Royal Wedding have on the markets?

exuberance moves markets.

Are Will and Kate looking in Manhattan?

Interesting to me b/c I sold #6B. $1.2, eh?

ali r.
DG Neary Realty

Interesting indeed. Let's recap #6B:

02/09/2010 Listed by DG Neary Realty at $899,000.
06/08/2010 Listing entered contract.
09/27/2010 Sale recorded for $870,000.

Four months, only 3% under ask, estate condition but a kitchen that's good for another 60 years.

Now #3B is planning on, say, $1,100,000. "Renovated" means that Formica-fest kitchen with cabinets from the corner hardware store, and polyurethane glopped on the floors. We over-use "delusional" on here, but this one really does merit it.

I'm back in NYC and digging our NY apartment again! Maybe moving to the burbs isn't for me!! No open houses this week..hmmm..3 kids, 3 bedrooms but they love sleeping all together. Might change mind if they keep getting bigger :) Spring has definitely sprung in NY! So gorgreous..happy hunting everyone!

Meant of course if they all stay small..sure I'd feel differently if they were bigger...but soooo happy right now here in the best city in the world. Tough to make decisions..sell don't sell..sell don't sell..who knows now. Good luck to all you happy house hunters!

430 is a great building that people tend to stay in -- the owner of #4E just bought #4F.

FYI, #10B also traded at $870K. "Our" estate condition was better than "their" estate condition, but our buyers were geared for a gut reno so they didn't really care much about that.

ali r.
DG Neary Realty

It must be tough for you, not being able to criticize other brokers' pricing strategies here. I'm just in the over-coffee'd indignant mood to pinch-hit for you on this one. Either the owner is a nut-job or the broker just can't say no. (Now watch it move at that crazy price....)

I am trying to behave myself but I do heart the pinch hitting -- I need to send you a nice bunch of flowers soon I think.

Re: 430 E 56 St, 3B: That's renovated? The kitchen appears about as cheap as a kitchen can be and is what I what deem a gut by anyone who wants a "nice" apartment. The two bathrooms similarly require gutting if you have any taste: one with black wall paper is terribly taste specific and the other has a God-awful pedestrian cheap look. For $1.2 I'd expect a turn-key triple mint with special, extraordinary features. Here, a buyer would have to pay top dollar AND renovate. Nuts. Pure waste of everyone's time. How does a broker even indulge a client and present a straight face peddling this? I know client relations are one thing, but isn't reputation and credibility even remotely of concern to this broker?

Exactly.

I've seen better stuff in a hurricane-bait double-wide, and these people want $200K+ for it.

any other open house views?