Sale at 116 East 63rd Street #8D

It was built as eight rooms. The LR was very small, though, and pretty much useless because of the four doors to foyer, DR, library/4th BR, and hallway. Even now, expanded into what used to be library/4th BR, it's none too large. The kitchen is split in two because of the plumbing for the former maid's bath. I'd compare it to classic sixes, with the tiny BR about the size of an old maid's room.

NWT: So if you're comparing this to a large Classic Six (LR + Library, DR, Kitchen + Maid's, BR1, BR2, tiny BR3) where do you think it'll trade? This seems expensive for a Classic Six on a side street in a 50% down building. What are they using for comps?

No idea. They're probably looking at sales of other B/C/D -lines in the same building (the A has an extra maids room) and then adding a premium for the renovation.

The two back apartments have fire escapes, but I don't know how much having one outside a window hits the price.

You could save a million by going for http://streeteasy.com/building/45-east-62-street-new_york/6b and get a better building and location, but there the maintenance is $2K more.

That apartment is lovely. And barely usable by anyone who needs two or more real bedrooms. All the kids in this class ($3+ million apartments) have more than 9 feet (if that) to live in.