Sale at 246 East 51st Street #11

Why is this below market value? Are you kidding? Are you blind? It's one of the ugliest units I've ever seen, it has no light, no view, and a ridiculous layout.

This apartment lacks size. There are 1 BRs much larger than this. I don't see how a 2 BR buyer could be happy moving into this small of a space without a "price-is-right" attitude. The 8"x 11" doesn't work for real sized people (maybe as a nursury). I am surprised that the listing agent didn't put midget furniture in there to make it feel larger - with real adult.

Think about this from a buyers perspective. Who would love to live here? I can only think of people who NEED to live in a midtown 2 BR but are otherwise prices out of the market.

Posted too soon: with real adult furniture you can see that the table is cramped in the corner and there isn't much room for an entertainment center across from the couch.

Right. The only way to get a less expensive two-bedroom in the neighborhood is to plump for a land-lease building. At least with those you'd get more than two closets. Walk-up tenement buildings are a different market than "regular" buildings.

This is still over-priced, as it sold two years ago for $150-odd thousand less, with nothing done to it in the meantime.