building at 771 Madison Avenue 40 e 66th street

Seems like a recent condo conversion. Beautiful layouts.

As the market descends, what would be a decent PPSF?

less than the current listings.

tanks alot. At $2300+ ppsf, just wondering how low it could/might go? I know it's tough to answer.

sorry, dwell, didn't mean to be flippant in my post above. The current asking prices just look outrageous, but I honestly have no idea how low they might go, given how nice/prestigious the area is.

Sorry Newbuyer, I didn't mean to be flippant either, but couldn't resist!!! There's enough nastiness on this board, so I try to be civil & I know you do too.

I know my question is kinda unanswerable (my modus operandi in life) & I doubt this bld will ever be cheap enough for me, but just thought I'd throw it out there.

I want to live close to CP on the UES, but don't think I'd qualify for the liquid asset reqs of Mad Ave coop blds, so thought I'd look for a condo. Problem I have with condos, in many neighborhoods, is that they want a lot of $ for a relatively small space (I know the price of a condo is greater than that of a coop, but in the long run, I'm buying space & location, so the legal holding entity is secondary). So, I can't pass Mad Ave coop bds & I see condos as incredibly over priced. Conundrum.

As of 11/18/09, Vornado has sold 10 of the 32 apartments.

#4C was sold last December to a Dutch family. Vornado bought it back from them in February for the same amount. The price was out of whack with the C-line range, so maybe special work was done to that one.

#2A, half of a regular A-line, was reconfigured for the recent buyer, as per amended plans at http://a836-acris.nyc.gov/Scripts/DocSearch.dll/Detail?Doc_ID=2009091400443002. #2D, the other half, is now three small bedrooms and one bath; apparently intended for the condo to buy for the super.

The same plans show a floor-to-floor height of 9'9.5" for floors 2-11, so ceiling height is maybe 9'.

NWT, one has to wonder why vornado bought it back.

Yeah, would love to know. Meanwhile NYC and NYS got the taxes on two $6.75M sales, so good for us.

Here's your answer - the Dutch family bought 11A for 7.7m.

http://a836-acris.nyc.gov/Scripts/DocSearch.dll/Detail?Doc_ID=2009022300119003

Ta-da! Thanks. Now it makes sense.

what do you think about the recent sales in this building? and what's with the buyer of 8C who is putting the condo he bought just a couple of months ago back onto the market?