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2 apts same e line ..2 different square footage

Started by er1to9
over 17 years ago
Posts: 374
Member since: Mar 2007
Discussion about
what is the deal with brokers from the same company listing apartments with different square footage...?
Response by realestatejunkie
over 17 years ago
Posts: 259
Member since: Oct 2006

Not sure of this specific case but it is conceivable that apartments on the same line could have different square footage.

Building could have setbacks at different heights, could be additional loss of mechanical space on a different floor.

Odds are that brokers are probably monkeying with the SF number.

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Response by West81st
over 17 years ago
Posts: 5564
Member since: Jan 2008

Here's a funny example I cited on another thread:

2300 square feet: http://www.streeteasy.com/nyc/sale/89657-coop-473-west-end-avenue-upper-west-side-new-york

vs.

2000 square feet: http://www.streeteasy.com/nyc/sale/193176-coop-473-west-end-avenue-upper-west-side-manhattan

Same building, same line, same floorplan, same agent. Go figure.

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Response by West81st
over 17 years ago
Posts: 5564
Member since: Jan 2008

By the way, realestatejunkie, is 473 your building?

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Response by 680wea
over 17 years ago
Posts: 12
Member since: Nov 2007

Here's a comment I just posted on the other thread that West81st referred to:

"Hi West81st - your comment on the apts at 473 WEA caught my attention because I have been in one of those apartments - the one listed on StreetEasy as 2300 SF. I didn't remember it being that large. Although StreetEasy shows 2300 and 2000 SF for these two listings, the actual listings do not mention total square footage. I pulled out the brochure I got at the "2300" SF apt and it says nothing about total square feet. It may be that the computer link between StreetEasy and the broker has those data, but it seems that the broker is not using them to market the apts. Strange."

I haven't seen the other apt, but the floorplans make it clear that they are identical. We have looked at quite a few 3BR on UWS in the last 6-8 months (finally buying one) - total square footage does not seem to be a big selling point - although it is sometimes shown. We generally ignored it, preferring to deal with rooms individually.

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Response by er1to9
over 17 years ago
Posts: 374
Member since: Mar 2007

300 east 74th st listed by corcoran. 18e and 11e have same floor plans and different brokers. one apt is 900 sq ft and the other is 950....it doesnt make sense that the brokers dont do there research before listing there properties

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Response by 680wea
over 17 years ago
Posts: 12
Member since: Nov 2007

er1to9 - I basically agree with you - but square footage is approximate at best and it's the individual spaces that determine whether the apartment works for you.

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Response by er1to9
over 17 years ago
Posts: 374
Member since: Mar 2007

its just weird........that both brokers dont do the research....

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Response by eric_cartman
over 17 years ago
Posts: 300
Member since: Jun 2007

My friends just closed on a place just before bear, and they had to move mountains to get a loan at 20% down payment. (the bank was asking for 30%, but they got their father, who was a senior guy in the finance industry and who knew the loans and regulations inside out to negotiate and get it down to 20% - but I believe it had a negative impact on the interest rate). they also bid 20% below asking and got the condo.

sorry - dont know much more details - i didnt probe too much on the specifics beyond this since i dont know them too well.

again, brooklyn (not manhattan), but pre-bear.

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Response by buster2056
over 17 years ago
Posts: 866
Member since: Sep 2007

What about same exact apartment - 2 listing brokers - 2 different square footages - hilarious!

http://www.prudentialelliman.com/Listings.aspx?ListingID=962918

http://www.ardorny.com/propertysearch/sales_search_details.asp?id=839065#

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Response by yachter
over 17 years ago
Posts: 1
Member since: Jan 2008

Right....the brokers are either lazy or just plain want to deceive the buyers.

The right answer for condos is to go to ACRIS and look at the Condo Docs recorded at the County Clerk to see what the official square footage is for each apt. Inn real terms you need to deduct at least 10% to get the usable size which still includes colums and air shafts, etc.

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Response by Dondilyon
over 17 years ago
Posts: 2
Member since: Mar 2007

There are different ways to measure square footage (eg., adding up the square footage of each room or measuring the square footage ot the apartment without taking into account the interior walls - the former measurement will be considerably less than the latter) and that may account for the discrepancies in the apartments listed at 473 WEA. As an FYI - The square footage for condo units is always listed in the offering plan and that number is what should be listed in advertisements. The square footage for coops is usually listed as an "estimate" (since there is no standard method for measuring square footage for coops).

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Response by Craquelin
over 17 years ago
Posts: 32
Member since: Apr 2007

... and what about this one? Clearly a sponsor apartment, it's listed here on StreetEasy by 6 different agencies...2 are active, 1 is in contract, 5 are recorded sales. That doesn't add up to 6 you say? That's because, 1 in contract and 2 in recorded sales are the same agency (person), all have different dates. I understand they (realtors) update this information, but this seems misleading. Being the cynic that I am, I'm figuring this realtor wants to take credit for the sale, which I highly suspect they did not do (let alone 3 of them).

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