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building at 1192 Park Avenue

Started by appraiserny
about 11 years ago
Posts: 16
Member since: Jun 2007
Looking at 1192 Park, 1185 Park 1165 Park and 1155 Park, any thoughts?
Response by Riccardo65
about 11 years ago
Posts: 347
Member since: Jan 2011

Very common compared to 720, 730 or 740 Park. If you can afford these, why not go for the best????

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Response by jsw363
about 11 years ago
Posts: 235
Member since: Dec 2008

Is there so much inventory that you´re basing the decision on the building rather than the unit? There's so little on the market right now that I would think it's easier to choose the unit.

What are your requirements (beds, EIK, location) and price range? Can you pass these boards?

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Response by NYCNovice
about 11 years ago
Posts: 1006
Member since: Jan 2012

So, I asked a question like this when I was new to NY; this question is truly puzzling coming from someone who has been on SE since 2007 and is self-identified as an appraiser. Each of these buildings is its own market.

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Response by Riccardo65
about 11 years ago
Posts: 347
Member since: Jan 2011

If you have to question passing board, then you would NEVER, even remotely, be able to pass 720, 730 or 740 Park. "If you have to ask the price, then you probably can't afford it." For someone who is supposed to be an appraiser familiar with New York real estate, you are most certainly a moron. Sorry, it's a fact.

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Response by NYCNovice
about 11 years ago
Posts: 1006
Member since: Jan 2012

@Riccardo - I was initially confused by the question, but the more I thought about it, it actually makes some sense coming from an appraiser. Appraising coops in some of these buildings had got to be a challenge because comps are few and far between, and trying to figure out what can even be considered a comp is a challenge in and of itself. Why not ask the question any and everywhere and factor in source of whatever response comes in evaluating all gathered information. Wouldn't it be wonderful if somebody actually gave the inside scoop on some of these buildings on Streeteasy?

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Response by appraiserny
about 11 years ago
Posts: 16
Member since: Jun 2007

Hi there, sorry I did not word my question correctly, I was doing an appraisal at 1192 Park and I found comps in 1185, 1165 and 1155 Park, the price range was more or less the same and I was wondering if anyone here would know the little gritty details that would make one building different from the other (in overall they are pretty similar, although no building in NYC is exactly identical) and about my living preferences I would never buy in a co-op -my personal opinion:)

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