how much too offer?

It depends on how crazy/firm the sellers are, how long the property has been sitting on the market, and comps. I would guess that a $1.5 offer would be rejected outright - but who knows.

lee- depends on the area

upper east side - the woman is moving out of the country and cannot do so until they sell

no offense lee but people keep asking questions like this and not giving any real details about the apt. why not post the listing so we know what we're talking about? or at least need to know location, what kind of building, views, etc etc. At the end of the day though its about comps and your perception of the market.

At first blush I think 1.5 is absurd, who's selling RE in NYC for about 600 a sq ft? That said maybe its on a ground floor facing a wall in a weak neighborhood, as I said lots of things affect value.

post the listing so we know what what you are talking about, no one is going to buy it out from under you lol

leelaura — I think I know that place. If it didn't require a lot of work, it would easily be $2.5M. So I do think $2M is reasonable. There's no way a place like this will go for $600 psf.

stakan post what you think the listing is