Sale at 41 West 82nd Street #1C

Sponsor owned, no board approval seems to inflate a price. Where that used to be convenient for those dodging board approval, it now costs a considerable price which imo does not make that a wise move. The buyer better be prepared to stay there a few years or so.

I guess that's worth something, but if you can get financing and afford an inflated price, presumably you'd be able to pass the board at a lower price, unless it's a particularly tough one.

Saw that place and agreed expensive for that price point. This is a decent comp http://streeteasy.com/nyc/sale/632460-coop-252-west-85th-street-upper-west-side-new-york (although further west and only 1.5 bath, also top-end reno 3BR but with interior view and small rooms

For a mid-block, non-doorman coop, 41 W82 fetches surprisingly strong prices, especially for the sixes that overlook 82nd Street (the A and B lines). Clearly, a location this close to the Beresford and 15 W81 has its advantages.

Despite the location, #1C is a tough sell on paper, because it's a rear-facing, first-floor apartment. To some extent, #1C overcomes these handicaps: the light is decent, and the windows feel higher than they are because the alley behind the building is below grade. There's also some landscaping in that alley, which improves the view a bit. (The residents use that area as an entertaining space in good weather, and there's a grill for communal use.) #1C is also the only unit with direct access to an interior courtyard that could be converted to recreational use, at least in theory.

The price does seem high, but I've been wrong about this building before. Let's see what the new broker can do.

Went and saw this today. The renovation certainly lives up to the hype, probably the nicest kitchen I've seen and the rest wasn't bad either, though it would have been nice if there were some built-ins. Light wasn't bad for first floor, although overlooking the common area (and other backyards) could have some noise issues in summer. The one issue I had was that it just felt pretty small - the rooms are all on the smaller side, and the overall size can't be more than 1200, probably less. If this goes anywhere near asking price I guess that just says a lot about location/school because I've seen better for much less in slightly less desirable areas of the UWS.