Over 200 days on the market

If you like the property, and it has the right price, buy it.
Stop being a lemming.

Post some of the places and maybe you'll hear why they are sitting beyond the obvious of being overpriced.

In my case, I was emotionally attached to a place and not quite ready to sell. And I insisted on too high a price for too long.

So, it's not necessarily a red flag. It could just reflect incompetence, in a way.

I've discovered in my journeys that it's not always the property or seller or even the broker. For every 10 buyers, maybe 1 or 2 really follow through on what they say they will do. Maybe 2 out of 20 are really buyers at open houses. Yes, most properties today are having large open house turnouts and maybe receive "multiple" bids, but people would be surprised that "multiple" is often just two bids. The point is, I discussed this exact scenario on here a few months ago. You could have a property perfectly priced and with a nice address and have 10 buyers from Long Island come in (worst buyers in my opinion -- they f up everything) and basically throw everything out of whack for a listing. There is a property for sale in Gramercy right now. Beautiful apartment and broker had it sold, so I was told, after "multiple" bids and that buyer screwed around, had contract out for two week, broker lost other buyers, now property on market for 75 days and not getting same type of offers. They'll probably break the 100 day mark before it's all said and done. No reason why is should be on the market longer than 30-40 days. They chose wrong buyer and basically screwed themselves. Happens more than we think.

http://streeteasy.com/nyc/talk/discussion/23446-halloween-2010-2400-open-houses

Another example of a useless post. Your effort to monopolize the board and make sure that discussions move down and that meaningful discourse doesn't happen. How tea party-esque.

Why don't you just bump up the discussions that you want?

Thanks Nah for the insight. The other thing I see happening is that apartments are deliberately priced below market, tons of bids, but in the case I'm looking at, the agent is hosting yet another open house this week. Humpf, he told me it was sold "cash over ask". What happened? At a minimum this suggests a real lack of confidence in the accepted offer for some reason.

1035 5th ave apt 12A?

I agree that sometimes it's price, and sometimes there's a problem with the first buyer -- had a situation in the past couple of years where a buyer went 'all-cash' to win the property, demonstrated the ability to purchase all-cash, but then had her attorney write a mortgage financing contingency into the contract. While she (and her broker) were screwing with us, we lost buyer #2, and it took a few more weeks to line up buyer #3 (who closed).

Sometimes it's a board problem too. If you love the apartment, I wouldn't let a perception of "staleness" stand in your way.

ali r.
DG Neary Realty

For example: 264 West 22nd Street #2W

On the market 234 days.

200 days. That's long. Even for team cat fkers!!!!

This is a very small coop which carries extra financial risks when compared to a larger building. The apartment is also 9 feet wide. 9 FEET WIDE. And it is only the second floor so views and light are compromised. And it is only 9 feet wide.

There is a buyer for this somewhere out there, but it is gonna take time for the seller to find that person. In addition, This unit seems to be asking a record price compared to higher floor comps if I am reading the info in Streeteasy's awful new layout correctly.

This is what I see in a 1 minute once over.

If interested, I would very carefully measure out how your would actually furnish it. And then I would dig deep into the financials of the coop before committing.

To give some perspective and where the unit's pricing falls, compare to this studio that I just got a notification about in my daily SE update of GV apartments: http://streeteasy.com/nyc/sale/893666-coop-30-east-9th-street-greenwich-village-new-york
This unit is in a simple, well-maintained GV coop with AAA location and financials. Units get reasonable light. It was being offered for the same price as the unit you mention. Imo, that is why the unit you list is not selling. It doesn't stack up when compared to what else is available for the price.

Is East 9th really a AAA location? I dunno, to me it's not a very good location in the Village. Surrounded by post-war coops, on a major cross street, etc. I'm not saying it's a bad location, but AAA?

East 9th Street is not a AAA location.

It's kind of block by block, no? And whether you think aesthetics are equally important to other factors. 10th Street b/t 5th and University is really nice if I recall, but not so much 9th. The same is true for the blocks b/t 5th and 6th. One might have a soup kitchen with long lines or a school for high school kids with special needs (and neither of those bother me, but I think it does preclude a AAA designation).

which block has the soup kitchen AboutreadY?