Mayfair Towers
Started by 943
over 14 years ago
Posts: 8
Member since: Sep 2009
Discussion about Mayfair Towers at 15 West 72nd Street in Upper West Side
This building seems to have a lot if apartments on the market. Any idea why? How dies it compare to other buildings in the area?
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FWIW
http://streeteasy.com/nyc/talk/discussion/3073-15-west-72nd-street
In particular, it seems like the maintenance has been increasing ~$100/yr. Is that typical in comparable buildings?
what's the percent?
9G's is $1122 now, and 8G's was $1110 last year, so not much of an increase, but look at the financials to see what the pattern is. Less than $600 per room per month is pretty good.
Part of that's because it's a huge building, so some economies of scale with the staff, etc. With 450 apartments, the nut isn't 4.5 times that of a 100-apartment building. By the same token, 11 for sale at once isn't a lot.
9G was $880 in 2007, and $1122 now, so increases averaged 6.25% per year. Pretty standard.
8G would be a few bucks less than 9G, so maybe no increase last year, and more in some earlier years.