Altair 20 why cheaper relative to other condos
Started by 300_mercer
about 13 years ago
Posts: 10569
Member since: Feb 2007
Discussion about Altair 20 at 15 West 20th Street in Flatiron
I did a fairly extensive review of all Chelsea recorded condo sales under $2.5m for the last six months. Surprisingly few large units, most bigger apartments were not in prime areas and were around $1100 psf, and the more expensive ones psf (usually under 1300 sf) were almost always ones that still,had tax abatements.
Also the floor plans kind of suck for this price. But given that there is so little like product available now, it is interesting. Maybe too many rentals? Or not. Many banks are not happy writing mortgages for condo resales right now. Although a great area, it might not be a target location or type of apartment for the all-cash foreign buyer.
what other deals are you seeing at 1400+?