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The Sheffield--prices in 2016

Started by bluesky2472
over 9 years ago
Posts: 74
Member since: May 2016
Discussion about The Sheffield at 322 West 57th Street in Hell's Kitchen
Why is this condo priced similar to new construction condo? 30 active sales ($2,166 per ft² avg, $2,164,366 avg price) 3 in contract sales ($2,326 per ft² avg, $2,550,000 avg price)
Response by CCL3
over 9 years ago
Posts: 430
Member since: Jul 2014

Partially because the listings are overpriced, and partially because it is 2 blocks from Columbus Circle/Central Park. Somewhat of a premium for the location is justified.

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Response by CCL3
over 9 years ago
Posts: 430
Member since: Jul 2014

^^Also some of the apts have Central Park views, I believe, and it is a one minute walk from several major subway lines.

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Response by bluesky2472
over 9 years ago
Posts: 74
Member since: May 2016

So, do people not care about school zones? This is zoned to PS 191.

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Response by CCL3
over 9 years ago
Posts: 430
Member since: Jul 2014

Not everyone has school aged kids! Or, they are investors buying to rent out the unit, or wealthy foreigners buying as a pied a terre or place to park their money.

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Response by Primer05
over 9 years ago
Posts: 2103
Member since: Jul 2009

They also have very nice amenities

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Response by fieldschester
over 9 years ago
Posts: 3525
Member since: Jul 2013

I could never live at the Sheffield, that voice from Fran Drescher would be in my head nonstop.

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