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two listings in streeteasy for same apt

Started by notsure
over 17 years ago
Posts: 36
Member since: Apr 2007
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Response by qqq
over 17 years ago
Posts: 66
Member since: Jan 2007

I think they're in the process of dropping the 300 day old listing and replacing it with a new listing to try to generate fresh interest.

The second link you posted shows a picture of what appears to be the mainds room as the first pic. Really poor marketing for this huge apartment.

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Response by notsure
over 17 years ago
Posts: 36
Member since: Apr 2007

But the new listing makes the property look like it has just come to market, when in fact it has been on quite some time. How does Streeteasy not reconcile that?

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

do you guys dare question the ethics of brokers? shame on you!!

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Response by KISS
over 17 years ago
Posts: 303
Member since: Mar 2008

This is shameful behavior. Hopefully, the free flow of information on sites like this one exposes and reduces this sort of behavior. I tell anyone I know thinking about buying to check out this site first.

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Response by tenemental
over 17 years ago
Posts: 1282
Member since: Sep 2007
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Response by tenemental
over 17 years ago
Posts: 1282
Member since: Sep 2007

Check out this one. A dozen re-listings since Nov 07:

http://www.streeteasy.com/nyc/building/216-east-7-street-manhattan

Of course it would be great if StreetEasy policed this, but I imagine they have to be careful not to piss off the broker community for fear of having some brokers pull out altogether. Hopefully anyone using StreetEasy is smart enough to see previous listings for the building and figure it out.

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Response by cleanslate
over 17 years ago
Posts: 346
Member since: Mar 2008

How do you guys catch this kind of discrepancy in the first place?

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

Can we have a rep from street easy talk to us about what they plan to do about brokers manipulating their system??

After all, once street easy ceases to be a honest market place and starts to be an official broker front-end, all the value built up would be lost ..

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Response by tenemental
over 17 years ago
Posts: 1282
Member since: Sep 2007

cleanslate, when you see a listing you're curious about, look on the left side of the page where it says "In This Building" w/ the address below it. Then click "more »" to see other listings at that address.

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Response by tenemental
over 17 years ago
Posts: 1282
Member since: Sep 2007

I should add, that includes old listings and completed sales for the past four years, some of which you can only see w/ a $10/mo Insider account. You may also have to click though listings and sales when the apt number isn't specified, in hopes that you link back to the orginal broker ad and see it. I've connected the dots this way on a number of listings to figure out what the difference between listing and closing prices was. You'll also see when a seller changed brokers, or when a limited-detail FSBO listing carried by a bottom-feeder broker was abandoned after the seller signed an exclusive agreement.

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Response by inquirer
over 17 years ago
Posts: 335
Member since: Aug 2007

Whan happens when an apartment gets taken off the market for whatever reason and then gets listed again?

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Response by tenemental
over 17 years ago
Posts: 1282
Member since: Sep 2007

The old listing gets moved to the "Previous Listings" column and labeled "(NO LONGER AVAILABLE)". The history, opening blurb and any attached pictures or floorplans survive. The link to original broker's listing remains, but many (not all) brokerages clear out the listing when it's finished.

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Response by cleanslate
over 17 years ago
Posts: 346
Member since: Mar 2008

Thanks, tenemental. I guess you really have to be specifically looking at the listing to catch this. If you're looking at the listings for a building it's not easy to differentiate between two similar units or one unit listed twice esp. if there's no unit number and since they usually have the same pictures.

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Response by inquirer
over 17 years ago
Posts: 335
Member since: Aug 2007

tenemental - i saw "No longer available" label applied to the sold property. ???

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Response by Slee
over 17 years ago
Posts: 113
Member since: Feb 2007

I think Street Easy should require all listings to show the floor and apt number. Then it would be easy to spot re-listings.

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Response by tenemental
over 17 years ago
Posts: 1282
Member since: Sep 2007

cleanslate, it does take some work. If you're curious about a unit, you should probably click through any previous listing in the building that didn't close and may be the same one (remember, the price may be a lot different in the old listing).

inquirer, which sold unit are you referring to? I know "No longer available" is used (at least) a few ways: 1) For discontinued listings. 2) For units sold where the paperwork hasn't been filed with the city yet. The status will eventually change to "SOLD FOR $xxx,xxx" 3) For supposedly sold units that never get a final sale price. There are probably legitimate reasons why this happens, but wouldn't a broker want to hide the closing price to protect his/her rep if it was far enough below asking, or if he/she has other listings in the building, or hopes to get listings from other sellers there?

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Response by tenemental
over 17 years ago
Posts: 1282
Member since: Sep 2007

Slee, I agree, it would be much better. Unfortunately, the brokers don't always have this info on their own websites. I'm not sure what kind of arm-twisting ability StreetEasy would need to get them to do here what they won't do on their own sites.

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Response by forced_to_register
over 17 years ago
Posts: 25
Member since: Jul 2007

Here's another -- two listings for same apartment (both active). Wouldn't you think that they'd at least remove the old listing showing 196 days BEFORE posting the new "1 day on Streeteasy". Sloppy...

http://www.streeteasy.com/nyc/sale/128903-condo-392-central-park-west-upper-west-side-manhattan

http://www.streeteasy.com/nyc/sale/226196-condo-392-central-park-west-upper-west-side-manhattan

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Response by kgg
over 17 years ago
Posts: 404
Member since: Nov 2007

Looking forward to when 1.5 million is too much for a ghetto apt in the 90's with opening ask of 2.3 mil and an inflated 1800 sq ft. Although tennis in the park is nearby, it's an abyss due west. I'll give you 1.2.

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Response by kgg
over 17 years ago
Posts: 404
Member since: Nov 2007

Come to think of it, half price seems like a realistic asking price for that apt. Things ARE still fucked in this town. Even with the Park next door there is nothing sexy about those bldgs. However, things will never revert that much. But I bet 1.675 will take that space which started at 2.3.

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Response by forced_to_register
over 17 years ago
Posts: 25
Member since: Jul 2007

Curious as to when the 90's became ghetto. Isn't this in one of the four condo buildings? It looks like sales are averaging over 1,000 psf. I wouldg guess due to all the construction around there (Whole foods, Home Depot etc.). I'm near there and have never considered those buidings "sexy" but far from ghetto.

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Response by forced_to_register
over 17 years ago
Posts: 25
Member since: Jul 2007

forgot to add kgg that I'm with you on 1.675

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