Sale at 305 West 72nd Street

People can sell their property for as much or as little as they want. Nobody's obligated to reason with you on the subject. You don't have to buy anything.

Was it renovated and now being flipped? Underpriced to begin with? Originally part of an estate sale? Did the building's maintenance fees go down substantially? Was there a major lawsuit against the building that was depressing values recently won? Did someone die in the unit and the new owners cleaned up the chalk lines? Did the current owner buy FSBO? Did Madonna live there for a couple months?

I suppose it's possible it was underpriced to begin with...hard to tell. I don't think it's been renovated, but not certain.

re inquirer: I wasn't questioning the right of anyone to ask as much money as she likes for her apartment. What I was wondering is what a broker might be thinking in listing something for almost 20% more than what it sold for less than a year ago. I'm thinking it'll be hard to get interest at that price, given the comp; I'm wondering what people might have to say about why one would (as a matter of pricing strategy) list something at a price that seems likely (to me at least), to turn people off.

JohnDoe, for what its worth, I have friends in the building and they are very happy there. Great lobby and good looking apartments. Also, the asking price doesn't seem that unreasonable to me, I would look at comps to determine if it is in line rather than focus on what the seller paid for it. Also, call the listing agent and ask why they have priced it in this fashion, why they are moving so quickly, etc.

Also, can someone explain why the listing describes this place as having 4 rooms? I only count a bedroom, living room, and kitchen....

hehe and bathroom. bathrooms are rooms right? :)

JohnDoe My daughter lives across the street at 310 west. It's a terrific neighborhood. When people have their lights on in 305, the windows look wonderful from the front of the building and the rooms appear very spacious. It's nice to be outside on this block and not have cars parked all over and when it snows, the street is cleaned up quickly and stays cleaner than the small side streets. My daughter previously lived a half block from Central Park on 68th St., so I wasn't thrilled when she moved so far West. After a year, I much prefer this location, the walking path along Riverside Dr. Park is fantastic and not filled with tourists. Close to Fairway, Lincoln Center, and still not too far to Central Park.
Good luck!