Board at Southgate (414 E 52nd)

The one co-op owns all five buildings: 400-434 E 52 and 433 E 51.

told that turndown was because board thought price was too low.

I have read something like that on about southgate on this board before. If true, I would stay away.

There are tons of apartments for sale in ME. And a lot can't sell. Here is an example

http://streeteasy.com/nyc/sale/575541-coop-433-east-51st-street-beekman-new-york
03/08/2006
Previously Listed by Corcoran at $999,000.
06/19/2006
Corcoran Listing sold.
06/19/2006
Previous Sale recorded for $(insiders only)
01/07/2011
Listed by Corcoran at $1,050,000.
03/15/2011
Price decreased by 5% to $999,000.
05/02/2011
Price decreased by 6% to $935,000.
05/31/2011
Price decreased by 4% to $899,000.
07/30/2011
Price decreased by 6% to $849,000.
08/09/2011
Listing is no longer available.
09/10/2011
Re-listed by Corcoran.
09/29/2011
Listing entered contract.
12/28/2011
Listing is no longer available.
01/10/2012
Re-listed by Corcoran.
01/10/2012
Price increased by 11% to $945,000.

If that was the reason the board gave - they would have had to purchase the apartment. If they feel a price is too low, they have right of first refusal - like all coop boards. So in the end....as usual on this site...don't trust most of what you read.

A board isn't going to tell a prospective buyer that's the reason...it's part assumption, common sense and behind the scene talk.

Co-op boards are not required to purchase a property that sells too low they can turn down the deal without giving a reason. Condominiums have to excercise the "right of first refusal" and purchase the property which seldom happens

It was the broker who was trying to sell the apartment who told me the turndown was because the price was too low. He pointed out that the seller had relisted at a higher price so that board approval would be more likely and wanted to know whether I had any interest in the property at the new, higher price. Oddly, he seemed puzzled that I didn't want to pay a premium just to make the board happy.

that's a new broker tactic-- good one

In today's paper: http://www.nytimes.com/2012/01/17/nyregion/on-a-numbered-street-apartment-owners-yearn-for-more-cachet.html

The accompanying graphic misidentifies 444 E 52nd as part of Southgate. It's not.

The price of 4C increased again on 1/13 by $70K. I guess the first increase ($50K) wasn't enough to satisfy the board.

wow! $825k to $945k - these people are out of their Vckig minds!

River place, Beekman, Place, Sutton Place-- Call the NY times.. Tell hem you are going to name it Buckingham Place-- it still will not sell for $825K!!

This Place on "Beekman PLace" CANT SELL EITHER YOU DOPES!!!

Price decreased by 5% to $999,000.
05/02/2011
Price decreased by 6% to $935,000.
05/31/2011
Price decreased by 4% to $899,000.
07/30/2011
Price decreased by 6% to $849,000.
08/09/2011
Listing is no longer available.
09/10/2011
Re-listed by Corcoran.
09/29/2011
Listing entered contract.
12/28/2011
Listing is no longer available.
01/10/2012
Re-listed by Corcoran.
01/10/2012
Price increased by 11% to $945,000

Hey News Flash you idiots living in Southgate. Apartments can't sell on SUTTON PLACE EITHER!!!!!

http://streeteasy.com/nyc/sale/603118-coop-50-sutton-pl-south-sutton-place-new-york

04/15/2010
Previously Listed by Brown Harris Stevens at $1,250,000.
04/26/2011
Listed by Prudential Elliman at $1,085,000.
07/05/2011
Brown Harris Stevens Listing is no longer available. Last priced at $1,095,000.
08/01/2011
Listing is no longer available.
09/13/2011
Re-listed by Prudential Elliman.
09/13/2011
Price decreased by 5% to $1,035,000.
11/11/2011
Delisted.
01/11/2012
Re-listed by Prudential Elliman.
01/11/2012
Price decreased by 4% to $995,00

Hey ever hear of the 3 card monte? watch the name of the street-- 52nd right.. NO! Buckingham Place! This guy can't make $600k on this apartment-- quick change the name of the Street from 52nd to Buckingham Place!!!

http://streeteasy.com/nyc/sale/640254-coop-400-east-52nd-street-beekman-new-york

10/07/2008
Previously Listed by G. Laurie Cooper at $1,595,000.
01/12/2009
Delisted by G. Laurie Cooper.
01/22/2009
Previously Listed by Brown Harris Stevens at $1,350,000.
03/27/2009
Off market temporarily. Last priced at $1,275,000.
10/05/2010
Previously Listed by Halstead Property at $1,250,000.
02/01/2011
Halstead Property Listing is no longer available.
10/12/2011
Listed by Halstead Property at $1,145,000.
11/15/2011
Price decreased by 13% to $995,000.

Hi Brooks2 - why so cranky?

hey Buster..

stupidity irritates me I guess.. I went off a little too much on that one opps

Price drop yesterday. what happened they can't change the name of the street? will the board let them sell?
http://streeteasy.com/nyc/sale/631591-coop-400-east-52nd-street-beekman-new-york
$700 psf now. if they don't change that name soon it my be $500psf
09/13/2007
Previously Listed by Corcoran at $1,049,000.
05/02/2008
Corcoran Listing sold. Last priced at $949,000.
05/02/2008
Previous Sale recorded for $(insiders only)
09/01/2011
Listed by Prudential Elliman at $925,000.
10/04/2011
Price decreased by 6% to $869,000.
01/17/2012
Price decreased by 2% to $849,000.