Apartments are large with spacious closets. Building is getting an attractive makeover with new elevator, lobby, hallway, and proposed gym and roof garden. Noise is not an issue as the windows seal out heavy traffic, even at 5 pm. Only if one revs up a Harley motorcycle can one then hear noise. With 57 street in a renaissance..excell one, whole foods, lux stores makes this building well situated.... [more]
Apartments are large with spacious closets. Building is getting an attractive makeover with new elevator, lobby, hallway, and proposed gym and roof garden. Noise is not an issue as the windows seal out heavy traffic, even at 5 pm. Only if one revs up a Harley motorcycle can one then hear noise. With 57 street in a renaissance..excell one, whole foods, lux stores makes this building well situated. Lobby garden is beautiful. As families stay in manhattan, this building will certainly appeal to this market. New owners will likely renovate to taste. Realize some sellers may have designs and color schemes that are special to certain tastes. Thus some sales prices may try to recapture past renovations. Hence a trade off on price and renovation costs make a buy decision, as is true for all coops. staff is very friendly with always two doormen. In house garage is a plus for some and laundry room is very spacious for multiple loads. Still some may wish to do single loads in apartments as some apartments have washer/dryer. This building is a hidden gem, IMO. Given rising rents in city, this building offers a good theoretical cash on cash return. Utilities are all included. Only drawback is lingering recession and for some getting a mortgage. All cash deals are easily a no brainier.
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Response by AlphaShark
almost 13 years ago
Posts: 18
Member since: Jun 2011
200 east 57 one year later...About one year later from the march 2012 comments, the real estate market has firmed with rising prices and there is a shortage of inventory. 200 east 57 has seen good sales numbers and prices. Some recent sales have had upscale renovations that should firm the building's apartment prices further. As of mid march 2013 there is only one apartment on the market. The renovations are in full swing as floors are being remodeled and the gym is finished. Maintenance has not been increased as there are adequate capital expenditure funds. Whole Foods is open and popular. Eye popping prices have been seen for the tall One 57 condo. The new Toothpick tower on park and 57 st should further enhance the appeal of 57 street. 200 east 57 has very spacious apartment sizes and attracts interest from families. With the shortage of inventory, the very strong stock market, and the continuous influx of foreign buying, apartment prices should firm even more. The bargains are perhaps gone, but there are still good values that may come on the market at 200 east 57 street. There could be quick listings and even bidding wars if the good market continues the rest of the year.
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Response by AlphaShark
almost 12 years ago
Posts: 18
Member since: Jun 2011
As of March 2014, the Manhattan real estate has firmed considerably from two years ago. 200 east 57 st has not only benefitted from the rising real estate market , but also from its own value added features ...upgrades to its features such as new hallways with tasteful pictures, elevators, gym, and a coming exhilarating roof deck/garden. Also on tap is an upgrade to the already beautiful garden lobby that has at least 2 doormen on duty. All of this has enhanced the building's value and further made it's other positive features even more in demand....and there has been no capital raise or increase in maintenance for 3 years... These features include gracious large apartments with abundant walk in closets. Also, the central location of the building is becoming more in demand as 57 street is now home to world's leading billionaires who have purchased apartments at eye popping prices near 9 digits at One 57, 432 Park, and the coming dream, Steinway . Then there are the lux stores, including Chanel, LVMH, Bulgari...and of course Whole Foods. Many 200 east 57 apartments have been superbly remodeled. Nearby Home Depot is very convenient. Thus, interest in 200 East 57 has been good. Lately, some apartments have seen sharp price increases with listings going quickly into contract and having multiple bids at or above listed price. The no brainier bargains are gone. But values still remain given the building enhancements, spacious apartments, pricey neighboring apartments, and a great central location. The surging stock market should also add fuel to fire... as well as ....monied retirees, cyber hoodies, finance bonus babies, and professional families seeking large spaces. This building is truly a gem in the city and is a reasonable purchase opportunity for those seeking good values in a strong real estate market.
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Response by alanhart
almost 12 years ago
Posts: 12397
Member since: Feb 2007
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Response by Riccardo65
almost 12 years ago
Posts: 347
Member since: Jan 2011
What the hell is all this babbling about? Do you have units you want to sell? Looks to me like any tacky white-brick building. They're all over town. Don't get your point???????????
200 east 57 one year later...About one year later from the march 2012 comments, the real estate market has firmed with rising prices and there is a shortage of inventory. 200 east 57 has seen good sales numbers and prices. Some recent sales have had upscale renovations that should firm the building's apartment prices further. As of mid march 2013 there is only one apartment on the market. The renovations are in full swing as floors are being remodeled and the gym is finished. Maintenance has not been increased as there are adequate capital expenditure funds. Whole Foods is open and popular. Eye popping prices have been seen for the tall One 57 condo. The new Toothpick tower on park and 57 st should further enhance the appeal of 57 street. 200 east 57 has very spacious apartment sizes and attracts interest from families. With the shortage of inventory, the very strong stock market, and the continuous influx of foreign buying, apartment prices should firm even more. The bargains are perhaps gone, but there are still good values that may come on the market at 200 east 57 street. There could be quick listings and even bidding wars if the good market continues the rest of the year.
As of March 2014, the Manhattan real estate has firmed considerably from two years ago. 200 east 57 st has not only benefitted from the rising real estate market , but also from its own value added features ...upgrades to its features such as new hallways with tasteful pictures, elevators, gym, and a coming exhilarating roof deck/garden. Also on tap is an upgrade to the already beautiful garden lobby that has at least 2 doormen on duty. All of this has enhanced the building's value and further made it's other positive features even more in demand....and there has been no capital raise or increase in maintenance for 3 years... These features include gracious large apartments with abundant walk in closets. Also, the central location of the building is becoming more in demand as 57 street is now home to world's leading billionaires who have purchased apartments at eye popping prices near 9 digits at One 57, 432 Park, and the coming dream, Steinway . Then there are the lux stores, including Chanel, LVMH, Bulgari...and of course Whole Foods. Many 200 east 57 apartments have been superbly remodeled. Nearby Home Depot is very convenient. Thus, interest in 200 East 57 has been good. Lately, some apartments have seen sharp price increases with listings going quickly into contract and having multiple bids at or above listed price. The no brainier bargains are gone. But values still remain given the building enhancements, spacious apartments, pricey neighboring apartments, and a great central location. The surging stock market should also add fuel to fire... as well as ....monied retirees, cyber hoodies, finance bonus babies, and professional families seeking large spaces. This building is truly a gem in the city and is a reasonable purchase opportunity for those seeking good values in a strong real estate market.
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What the hell is all this babbling about? Do you have units you want to sell? Looks to me like any tacky white-brick building. They're all over town. Don't get your point???????????