125 East 93rd Street #9AB
Started by jsw363
over 14 years ago
Posts: 235
Member since: Dec 2008
Discussion about 125 East 93rd Street #9AB
This apt. came on 100 days ago with no price changes thus far. Clearly the potential floorplan is great and it has a lot of bedrooms, but the apartment's a mess and would require a total gut. (600k?) The combined apartments on lower floors have traded for higher, but during better markets and in finished condition. Further, anyone who's willing to pay that much would probably want a doorman building with a nice lobby. The maintenance also seems high for a building with so few services. My question is what price will ultimately move this apartment? $1.75mm? Who buys this kind of project?
The price for this unit finally fell $200k, but it still doesn't reflect the risk and costs that any potential buyer would have to assume to combine the units (much less to combine them well).