Opinions on a listing

Why would one buy something at $17,000/mo (20% down) when it can be rented for $12,500/mo?

West 34th, Cash buyers in for the long haul. They don't care. They're not the only ones apparntly in the condo market. Personally, I could think of better things to do with that kind of money, Then again, that's me. Also, this apartment is very similar to the one they own in Miami. The only difference is that they look at the ocean and ships going to sea as opposed to Times Square.

i like it but price psf is insane.

Bill - have they looked at Trump (the one on 2nd Avenue)? The views of New York can be totally unbelievable - New York at their feet. Though definitely more out of the way.

Or Trump near Columbus Circle?

I guess I just don't see the allure of being in Times Square.

The one next door is a reverse version with no balcony and this year it sold for nearly 2.650M and I thought that was a bit over the top. All I can think of is that there's a cash market for all those new condos that have not been built since the bubble. The five to ten year old condos have an edge, I guess.

ph41, they don't want the eastside which I think limits them. They are passionate about West 40-50's. Go figure.

There are better buildings than 1600 Broadway in Midtown West. AOL Time Warner comes to mind, and in the long run would be a much better investment.

This about one of the worst locations I can imagine to live--even part time. Unless you are a theatre junkie you will have to travel one direction or another for everything: museums, parks, restaurants, shops. Excellent suggestion above of Time Warner if money doesn't matter. But frankly, if someone has $3MM to blow on a part time residence, they are a couple of economic classes above me so I wouldn't pretend to understand what goes into their thinking. Nor do I think you will get anyone posting on here who has $3MM to blow on a pied a terre in a distant city.

1.2 ~ 1.5 million would be a fair price

>This about one of the worst locations I can imagine to live--even part time. Unless you are a theatre junkie

You have Mama Sbarro, not just a regular Sbarro, plus M&M and Hershey's just out your door. You can probably also pick up some inexpensive knock-off perfume... heaven.

Yes, I forgot about the Mama Sbarro.

I was in the area last night and made a point to walk over to Bwy at 48th and personally I wouldn't even want to stay for a weekend there in a hotel much less buy there. When my friends come, I will take them on the same tour at the same time of night. Thanks for the Time Warner idea, I will steer them there and butt out in the name of friendship.

No offense, but if your friends are looking at that apartment at that price, they clearly have so much money they don't know what to do with it.

It is a brutal location (other than the city views) with an insane price. I mean they are asking more than the PEAK PEAK PEAK 2006 $2.8M pricing.

Unless they are entertaining business folk that LOVE Times Square I can't fathom wanting to be there - even for half of that price.

I can't imagine why anyone would want to LIVE in Times Square -- it's overpriced, overcrowded ersatz tourist hell.