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building at 357 East 57th Street

Started by QMN
over 13 years ago
Posts: 59
Member since: Jan 2010
Anyone have any insight into this building...management, co-op board, experiences. The building seems okay, is there a catch? Thanks.
Response by Parker1205
over 13 years ago
Posts: 66
Member since: Jan 2012

Are you referring to the scam apt of 3D? Its on its third broker site within two months. We looked at it but a Lot of noise with the on ramp to the bridge for south and west facing apt. There's also a bus stop out the window.

Roof deck was terrible.

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Response by Brooks2
over 13 years ago
Posts: 2970
Member since: Aug 2011

West or east?

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Response by QMN
over 13 years ago
Posts: 59
Member since: Jan 2010

@Parker 1205, what is the scam? I noticed that Apt. 10D sold for 721k in May of 2012. Why is #3D, which also needs a complete renovation / facelift, is at a noisier, lower floor listed at such a high price? Anyone have an insight into the building?

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Response by Parker1205
over 13 years ago
Posts: 66
Member since: Jan 2012

my bad, south and east towards 1st ave.

Something's up with that apt. We looked at it in May when it was represented by some independent broker, then it was delisted, picked up by someone else, delisted, then rented on 6/1, and now back on with someone else. I wonder if the guy renting is trying to sell. Shadier things have happened.

Why it's at the price it is, no idea but there is a sucker born every minute. When we looked at it, the asking was 790k but that listing has magically disappeared from streeteasy at this point. It was listing 691350 on SE but the link no longer works.

But you are right, it's a gut with around 100k worth of work. Good luck!

Since we didn't actively go after it, don't have much insight in the building outside of talking to the doorman for 10-15 mins. Had some entertaining stories about some of the older guard in the building but stressed everyone was very very nice that lived there.

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Response by Brooks2
over 13 years ago
Posts: 2970
Member since: Aug 2011

15d sold in the 700s too 12 floors up with a great view . 3d is out of his mind

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Response by Parker1205
over 13 years ago
Posts: 66
Member since: Jan 2012

Brooks, it was a 'her' and she's a golden gal just looking to get a 'fair price' for the place and isn't all that interested in the money.

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Response by nyc212
over 13 years ago
Posts: 484
Member since: Jul 2008

There are so many ugly mid-Century coops with absolutely no amenities and insanely high monthlies in that non-neighborhoody area--and I am generally amazed by the pricing. I am further amazed by how many old people choose to live in that area... Don't they want peace and quiet?

>...that listing has magically disappeared from streeteasy at this point.

I've seen that happen to other listings lately on SE. I wonder if the recent cosmetic changes have anything to do with this. In any case, (regarding the broker-hopping) could it be an unrealistic seller who'd fire brokers who can't sell in two weeks--or anybody who'd suggest a price reduction?

>it's a gut with around 100k worth of work.

A 1,300-SF gut job in that neighborhood? You need to double that figure, even with an IKEA kitchen!

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Response by walpurgis
over 13 years ago
Posts: 593
Member since: Feb 2009

A good number of of seniors choose to stay there because as one recently told me, "My rent's frozen...and it can't go
up up!!!"

As far as noise goes, all that's required is a simple push "off" of the hearing aid button.

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Response by RealEstateNY
over 13 years ago
Posts: 772
Member since: Aug 2009

You "youngsters" don't understand what the over 55 crowd is looking for.

First they want a hood that isn't overun with nanny's, strollers, crying babies, mommies, etc.

Second they want convenience to lots of good shopping, restaurants, museums, movies, theater, either within a short walk or quick taxi ride.

Third they want proximity to good medical care, i.e. NYU and NYP.

Fourth they want quick escapes out of Manhattan and the 59th Street Bridge gets you to Queens in 5 minutes.

Fifth and foremost they want value, i.e. post war vanilla buildings provide good space for their dollars. Buidlings built after the 1970's are either twice the price or half the size. They're not interested in buildings that are "green", have health clubs, concierges, play rooms, etc.

In 20 or so years you'll be looking for the same things. LOL!

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Response by RealEstateNY
over 13 years ago
Posts: 772
Member since: Aug 2009

And lastly they want a safe, clean and homogeneous neighborhood.

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Response by walpurgis
over 13 years ago
Posts: 593
Member since: Feb 2009

All true...& hey! I'm nearly one of them myself! (almost 55).

Just give me a post-war vanilla building & easily digestable soft foods & I'm home [no, not nursing] baby!!!

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Response by Brooks2
over 13 years ago
Posts: 2970
Member since: Aug 2011

A straw too?

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Response by walpurgis
over 13 years ago
Posts: 593
Member since: Feb 2009

Of course! Great practice for the eventual FoodTube, which probably will be an app by that time...

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Response by jkhod
over 13 years ago
Posts: 0
Member since: Aug 2012

15D and 10D were both estate sales. 3D is not out of their mind... just alive. City-quiet windows would take care of the bridge traffic noise.

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Response by arlyntg
about 13 years ago
Posts: 0
Member since: Jan 2012

Hi all... Does anyone know what the board is like for this building? Seems like the building only requires a 25% down, which is lower than most for a building so close to Sutton Place. To me that suggest that the board isn't too persnickety about the financial profiles for new buyers.

Apols for the newbie question, but this East Side co-op board thing is a bit foreign to me. We're moving out of a West Side condo where things are just a little more chill.

Thanks in advance for any guidance.

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