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building at 425 West End Avenue (5B and 6B)

Started by FreebirdNYC
over 14 years ago
Posts: 337
Member since: Jun 2007
Identical units, one floor up from eachother on the market (although mysteriously 6B is listed as 24 sq ft larger). 5B is priced at $10k more but is in disgusting condition (pink walls, heavy wall-to-wall carpeting, whole place smells like smoke) while 6B is in much better shape (although still would probably need a reno). How long until 5B takes the big chop?
Response by bramstar
over 14 years ago
Posts: 1909
Member since: May 2008

6B's style choices are certainly suspect, but it's all cosmetic and easy to fix. A smoke smell is a turnoff and likely will drive away potential buyers before they even set foot in the place, but this too can be remedied (ripping up the wall-to-wall would be the first step).

It doesn't look as though 6B has much of a leg up over 5B with regards to view and light (though it's a bit hard to tell from the photos) so it shouldn't expect a premium for being on a 'higher' floor. That said, the $10K differential is not much of a difference when considering $1M+ properties.

All in all--if 5 shows better, it will likely steal prospective buyers from 6, even if both apartments are in the same general condition.

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Response by bramstar
over 14 years ago
Posts: 1909
Member since: May 2008

Oh, and if they're lucky, someone will want to buy them both and combine. Would make a cool duplex.

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Response by bramstar
over 14 years ago
Posts: 1909
Member since: May 2008

Oh--wait--sorry. I misread and misspoke. Thought 6B was priced higher than 5B. Either way, depending on condition, they're probably not that far apart in value.

By the way and slightly off-topic--it's ridiculous that the 6B listing a) doesn't even have a floor plan posted yet (if they had time to take pix, they had time to measure and post a floor plan) and b) doesn't link directly to the listing. I can't even FIND that damn listing on their website. Not exactly a great way to try to sell an apartment.

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Response by helenwaite
over 14 years ago
Posts: 169
Member since: Jan 2009

Harrumph. When you click the "Additional Details at www.heddingsproperty.com" link for 6B, you just go to Heddings' home page -not to a page about this listing. To see this place you'd have to register. No thanks.

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