MIMA a Related Co. bldg on W. 42nd St

I agree that it is overpriced. But I could see how this area would be good for traveling consultants.

Also the smarter people are renting not buying at this point so there is a rush to rent units in a nice building.

its of 50% leased for what its worth...

overprices is a new yorkerism for "too rich for my blood". no one here lkkes to admit they csnt afford what they want

Hi, incorrect jim_homes 10, you have no knowlege how much money any of us have on here and its irrelevant. Overpriced could mean overpriced to a person collecting welfare or to a multi millionaire who doesn't feel it's worth what they are asking.

It's what you think it's worth that matters. In the case of the building I am discussing it's not what I want for even $ 1000.00 per month less than what they are asking. However, it may very well be worthwhile to someone who thinks it's the greatest rental bldg in the city, and that is totally their business and opinion.

I always found related to be priced 10-15% than similiar luzury buildings. They definitely keep them very well, but not always sure it is worth it. Mimi seems to be cheaper because of the neighborhood, compared to their other buildings.... but, yeah, similar in prices to similar buildings in better neighborhoods.

>Overpriced could mean overpriced to a person collecting welfare or to a multi millionaire who doesn't feel it's worth what they are asking.

Not really damier212, overpriced means that there is insufficient demand based on the supply at the price offered. So MR17_5 says it is already 50% leased ... will it get to 90-100%, or it is too overpriced to do that?

Also, how did your sale at the Vendome go?