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Sale at 140 West 69th Street #122B

Started by Bill7284
about 15 years ago
Posts: 631
Member since: Feb 2009
Am I missing something here? Am I out of the loop? Would someone please let me know what would justify more than 1K psf? Even if a bank would provide financing, I don't see it. Maybe it's me.
Response by NYCMatt
about 15 years ago
Posts: 7523
Member since: May 2009

Why, of course it's those "Breath-taking City Views, High ceilings, Abundance of Light along with Perfect UWS location"!!!

And a washer/dryer is allowed, but God only knows where the hell you'd put it, as they already stuck the sink and stove in the living room and the refrigerator in the entry foyer.

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Response by jd1234
about 15 years ago
Posts: 63
Member since: Sep 2010

It is a terrible apartment, which in addition to being overpriced is stripped out of its prewar charm (new really cheap floors!?), the kitchen is in the living room and it is quite small. The seller expects to get a good deal as the apartment next to it is for sale and they think buyers would overpay for 122B to combine A and B...

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Response by mom
about 15 years ago
Posts: 38
Member since: Jul 2008

Also--the board is bigoted and unscrupulous (at least they were 4 years ago when we sought to buy). As cash buyers with exceptional credentials (really) we were strung along for 6 months after entering contract, when we were finally told that the board 'declined to interview us.' Couldn't have had anything to do with our Arab last name, eh?

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Response by Bill7284
about 15 years ago
Posts: 631
Member since: Feb 2009

Jd1234, sounds like you've seen it. No prewar detail and cheap floors. Hmmmmmm. I guess the seller is in no hurry to move. I looked at the possible combination here on SE and some combine well and others such as this do not. They have one in this building on the 10th floor where three studios were combined and quite a nice job. That will sell I am sure.

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

"As cash buyers with exceptional credentials (really) we were strung along for 6 months after entering contract, when we were finally told that the board 'declined to interview us.' Couldn't have had anything to do with our Arab last name, eh?"

As a board president, I can tell you that *everyone* thinks they have "exceptional" credentials.

We'll be the judge of that, thank you.

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Response by mom
about 15 years ago
Posts: 38
Member since: Jul 2008

Yes, NYCMatt, you are right. Our credentials were not perfect: wrong religion and skin color!

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

Everyone is so quick to assume racism and bigotry. So very sad.

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Response by mom
about 15 years ago
Posts: 38
Member since: Jul 2008

Racism and bigotry are sad.

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

Sadder still are unfounded charges of racism and bigotry.

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Response by Bill7284
about 15 years ago
Posts: 631
Member since: Feb 2009

Couldn't have had anything to do with our Arab last name, eh?"

No, In my opinion it probably didn't have to do with a surname. If it did, they would have convened earlier and turned you dodwn much sooner. What disturbs me is 'declined to interview us'. tha is someting serious and not prejudice. Something over the six month period pushed them to that decision. I too was part of a board several years ago and the main priority was always financial. Secondly, the only prejudice I ever saw was for a bad attitude or lack of manners. When buying into a coop, you're buying into a corporation. That's all it is.

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Response by mom
about 15 years ago
Posts: 38
Member since: Jul 2008

That is nonsense. Unfounded charges of evil are NOT worse than the occurance of evil itself.
Anyway, charges of discrimination will always be "unfounded" in this context, as boards needn't close their reasons even for declining to interview.

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Response by sjtmd
about 15 years ago
Posts: 670
Member since: May 2009

Thank goodness for coop boards and their office positions. Where else would petty little people yield such power to judge others with such certainty? Think of all the calamity the rest of us are spared by allowing these individuals to placate their personality quirks by being put in a position of "power".

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

"That is nonsense. Unfounded charges of evil are NOT worse than the occurance of evil itself."

Actually, it is, since in incorrectly charging someone with the evil you are, in effect, perpetuating the very evil of which you purport to oppose.

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

"Think of all the calamity the rest of us are spared by allowing these individuals to placate their personality quirks by being put in a position of "power"."

Witness the fact that by and large the Manhattan Co-op has been spared in this entire mortgage meltdown ordeal.

You're welcome.

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Response by Bill7284
about 15 years ago
Posts: 631
Member since: Feb 2009

That's right NYCMatt, that is what the responsible boards do and I am glad to say that my former residence is enjoying a financially sound building which is all we were trying to do. While doing that, we had a great group of diversified owners who had genuine mutual respect for one another. And all without "power".

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Response by mom
about 15 years ago
Posts: 38
Member since: Jul 2008

According to the latest Elliman market analysis, Manhattan co-ops are up 1.9% in price per square foot this year. Manhattan condos are up 4.2% in price per square foot this year. So, co-op boards have saved Manhattan real estate, eh?

http://assets.prudentialelliman.com/NYCPhotos/retail_reports/manhattan_q2_2011.pdf

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Response by Bill7284
about 15 years ago
Posts: 631
Member since: Feb 2009

What an irony. Didn't I start a thread asking why the high price psf? So, why is it that the broker for that listing at nearly $1130 psf for that dismanl unit is Ellimen? Yeah, let's all hang on to their every word.

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Response by Bill7284
about 15 years ago
Posts: 631
Member since: Feb 2009

and the word should read dismal. Which is an operative one at this point.

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Response by jd1234
about 15 years ago
Posts: 63
Member since: Sep 2010

Kids, stop fighting.

The seller is not in a rush to sell. This is all I know. The apartment is nothing special for having seen it... it does not justify the high ppsf

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

"According to the latest Elliman market analysis, Manhattan co-ops are up 1.9% in price per square foot this year. Manhattan condos are up 4.2% in price per square foot this year. So, co-op boards have saved Manhattan real estate, eh?"

We're not talking about SALES (which numbers from any brokerage are suspect anyway), we're talking about FORECLOSURES.

How many condos are in foreclosure versus co-ops?

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