Skip Navigation
StreetEasy Logo

twelve twelve fifth avenue

Started by jpaserman
over 12 years ago
Posts: 21
Member since: Oct 2012
Discussion about
I was looking at past sales for the building and i found it very interesting that almost every apartment sold went for exactly 1.8% above list price dating very far back. Is it s coincidence or can someone who lives there maybe shed light on it as I dont see how thats possible??
Response by jason10006
over 12 years ago
Posts: 5257
Member since: Jan 2009

97 comments already

http://streeteasy.com/nyc/talk/discussion/26786-building-at-1212-fifth-avenue

Ignored comment. Unhide
Response by NWT
over 12 years ago
Posts: 6643
Member since: Sep 2008

Those're taxes that'd usually be paid by a seller. If a new-development buyer pays them, which is often the case, then NYS/NYC consider them to be part of the consideration and so add them to the nominal sales price.

Ignored comment. Unhide
Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Interesting, thanks.

Ignored comment. Unhide
Response by jpaserman
over 12 years ago
Posts: 21
Member since: Oct 2012

thanks...didnt realize there was a discussion on this...appreciate the answer

Ignored comment. Unhide

Add Your Comment

Most popular

  1. 35 Sutton Place...coming soon
    81 Comments
  2. USB says NYC is one of least bubbly RE markets
    17 Comments
  3. Losses on Manhattan condos
    52 Comments
  4. Mamdani and rent control
    47 Comments
  5. Major appliances
    33 Comments