why would a seller keep raising this price?
Started by Village
almost 14 years ago
Posts: 240
Member since: Dec 2008
Discussion about
http://streeteasy.com/nyc/sale/496263-coop-21-east-11th-street-greenwich-village-new-york I think 1.9 was somewhat aggressive in the first place - and it is now up to 2.6!
Looks like it was totally renovated between 2010 and 2012, which is what the description says as well. Don't know WV prices but I like that floorplan w/outdoors, notwithstanding groundfloor / 1 bath only.
Does seem a bit steep for a railroad one-bed, garden notwithstanding. As for the updates, may not be to everyone's liking, especially those seeking a traditional townhouse feel.
I saw this apt when it first went on the market and it looks pretty much the same to me. I'd be shocked if more than $50K was spent on renovations. When your in it it feels like a basement.
I saw this apartment several years ago before Jeffrey Steingarten (food writer for Vogue) bought it. It looked the same as it does now, so that renovation was before 2004. It sold for 1.95 in 2004. It is a nice apartment, but would be nicer with a south garden
I may be way off but I can't see this selling for more than $1.5.
I bet the seller is looking at the few new constructions in the village (devonshire and st vincents) and applying the same 2.5k/sqft on his apt. this place looks like what 1000 sq feet? i think 1.75mm given outdoor.
$2.6MM sub-grade cave with nice bathroom (if you like the anticeptic aesthetic) and patio. That's a lot of money for a place with a bedroom that is essentially open to the dining room. Yes, there's a lid for every pot--but probably not at near this price.
I actually like the apartment/location very much. But the price is complete nonsense.
Yet another unfortunate example of incongruous over-design.
because they cannot sell, it's a dirty trick to raise the price if you cannot sell
eventually there'll be some one who is willing to laundry million dollars and buy whatever priced high enough, such as corrupted government officials, drug tycoons, ponzi blood suckers
they aint buying a ground floor 1br. for foreigners ground floor is basement, 1st floor is ground, etc.
those types are buying full service big windows big lobby buildings
"for foreigners ground floor is basement, 1st floor is ground, etc. "
"Foreigners"? That's the British way, but certainly not some kind of everywhere-in-the-world-except-America standard. Most of the world has the ground floor as the 1st; the ground floor as the "zeroth" is rare.
1st floor in US is called ground floor all over europe. Another difference here is that this is not the 1st floor, but ground floor, ie. steps down from the street to enter the unit. That is a sub ground floor (or basement in many cases) in europe.
Yes, sub-ground-floor in Europe. And not good because of the recent years of flooding around Europe.
(Venice excluded because most people living in those Grand Canal properties are living on the second floor with the ground floor flooded every day at high tide.)
In New York we call it a garden apartment. Many people want to have the garden - for pets, for gardening, for outdoor grilling (as the owner of this apartment wrote about frequently). The building has a basement below this level with the services for the whole building. This apartment is a couple of steps down - not exactly sub-grade.
They want a price suitable for Parlor floor not an apart where you may have to worry about flooding from your garden.
>because they cannot sell, it's a dirty trick to raise the price if you cannot sell
eventually there'll be some one who is willing to laundry million dollars and buy whatever priced high enough, such as corrupted government officials, drug tycoons, ponzi blood suckers
Oh Brooks, you know, you can't change the world.
Sorry - this whole mafia conspiracy theory is weird/senseless. Let's just pretend that someone does need to launder money by buying a $3 m apartment (suspend all reason and let's just assume this could be a common reason for apartments to sell above their market value) - why wouldn't that person just buy a $3m apartment that is actually worth $3 million? Money launderers do not benefit by overpaying for real estate! They would just be left with a hard asset worth less than the original dirty cash.
I think I went to see this apartment around 2 years ago.
That I remember the pics but not the apartment says a lot.
My notes show at the time I penciled in $1.5m.
What I found in general about all the lower 5th ground floor apts I looked at were the gazillion windows and neighbors as your backyard audience.
I realize this is basically so with all ground floor apartments but it seemed like there were always twice as many windows on lower 5th yards.
the buyers had their clock cleaned back in 2004.
surely the market value has risen since then. Add in this super cool reno and it's a lot living in a very small hollowed out volcano. The new owner will need one of those persian white cats and 007 Jewish type villian name like Blowfeld or Goldfinger.
I predict that this place will be purchased by an entity known only as: Goldfeld
(Actually, Dr. Elliot Goldfeld DDS, recently divorced with pre-college aged children living in Rye Brook, newly exwife Helen is a living nightmare.)