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Building at 49 West 12th Street

Started by Logic
over 14 years ago
Posts: 36
Member since: May 2009
Can anyone provide color on this building? Any issues? Financials? Future maintenance requirements? Heat/Hot Water issues? Pace of maintenance increases? etc..
Response by potential_buyer
over 14 years ago
Posts: 4
Member since: Oct 2008

its a nice street, and a decent building, with a great roof deck. though post-war. The apartments listed seem great value compared to other stuff nearby. Anyone know why?

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Response by NYC10007
over 14 years ago
Posts: 432
Member since: Nov 2009

You been in the building??? Or seen the apartments??? Maintenance on the high side too...once you factor all those in, it'll make sense to you...Lobby is decent but hallways and many of the estate condition apartments need guts. Plus no washer/dryer allowed...

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Response by potential_buyer
over 14 years ago
Posts: 4
Member since: Oct 2008

what do people think is a fair price per sq foot in this building?

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Response by alexsierra
over 14 years ago
Posts: 15
Member since: Nov 2010

$980 to $1000/sq ft is a fair price given the needed renovation ($200k). The building is ok but the location is superb, apartment (C-line) layout and room sizes are nice, southern and northern exposure, only 75 units in 10 floors, and second bathroom off the master bedroom is a treat. The board is tough on financials.

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Response by mmartin
over 6 years ago
Posts: 2
Member since: Jul 2008

This is a full time doorman building on landmarked 12th st. It is post war but surrounded by historic buildings and townhouses. Yes it is a very good value for the area.

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