The Laureate - Resale Pricing

12A is trying for 140% of what they paid in early 2011.

4D is trying for 179%.

The three sellers in 2014 got 127%, 156% and 164%, and the UWS condo-price index is about 126% of where it was in early 2011, so 12A and 4D don't seem wildly out of whack.

The finishes are very good, but they'll fade. The windows, ceiling height and HVAC were and are high-end, though, so you might call them special when compared with your run-of-the-mill UWS condo.

>What's so special about the Laureate?

Possibly in early 2011 people weren't willing to pay the same premium for new construction, and now that's recovered, hence the higher appreciation than the area.

This building seems fill the void of not enough high end.

The problem is 4D and other apartments that are just sitting with prices in the stratosphere are listed with a broker who "is known to get record prices in the building". Yeah, sort of. If the market is there. He just makes up numbers and now all of his listings are sitting.

4D blew off a broker (and colleague) who said they should price it at $3,300,000. Pushing it she said $3,600,000. They saw the $$$ signs and the lies from the listing broker. Look now. In contract where the honest broker said it should be.