building at 212 Fifth Avenue--prices

It is a new condo--just gut renovated out of an old building. Look at the pictures--everything is brand new top of the line.

You also can't compare co-ops and condos. Co-ops always sell at lower prices psf because of the ownership and other restrictions that don't apply to condos.

bluesky, Please post the nicest comparable coop listing you are referring. Do not think they will get $3300 per sq ft. Guessing more in low 2k per sq ft range for non park facing apartments.

Wait! Many in contract. Wondering at what price per sq ft.

17 in contract sales ($3,318 per ft² avg, $8,764,705 avg price)

blue, That is just list price. Actual contract prices can be much lower.

I love those Hotels.com commercials starring 300_mercer.

Have you really seen sales in "new construction" MUCH lower than the asking prices even in a building like this where they actually have been increasing prices?

30, What about this one? Granted they were not increasing prices. I do not believe in fixed prices. Everything is negotiable.

http://streeteasy.com/sale/1050545

Or this one. Many other paid list.

http://streeteasy.com/sale/841090

http://streeteasy.com/closing/9961297

More recent examples
http://streeteasy.com/building/35xv-condominium#tab_building_detail=2

You do know that in a number of those cases the "asking price" listed on Streateasy was based on building wide price increases which were made after the unit in question went into contract, right? So it's not that those buyers negotiated deals that much off the current asking price at the time the deal was made. They just signed contracts early in the cycle.

Looking at recent sales. Not much discount to ask and fairly strong price per sq ft. I realize that they still have inventory despite being complete for a little while.

https://therealdeal.com/2020/03/13/investors-reach-settlement-with-bob-gladstone-over-1m-mismanagement-allegations-at-212-fifth/

"EW YORK
LOS ANGELES
SOUTH FLORIDA
CHICAGO
NATIONAL
TRI-STATE

TRENDING:
Coronavirus
Blackstone
Compass
WeWork

Investors reach settlement with Bob Gladstone over $1M mismanagement allegations at 212 Fifth
The ultra-luxury condo tower’s high-profile buyers include Jeff Bezos, but in a lawsuit filed this week, investors claimed they were still owed money

TRD NEW YORK
Mar. 13, 2020 10:45 AM
By Sylvia Varnham O’Regan Research by Mary Diduch
Share on Facebook
Share on Twitter
Share on Linkedin
Share via Email
Bob Gladstone and 212 Fifth Avenue (Credit: Gladstone by Craig Barritt/Getty Images for Haute Residence; Google Maps)
Bob Gladstone and 212 Fifth Avenue (Credit: Gladstone by Craig Barritt/Getty Images for Haute Residence; Google Maps)

It’s a sold out, ultra-luxury residential development with the world’s richest man in the penthouse.

But a group of investors in Bob Gladstone’s converted condominium at 212 Fifth Avenue this week accused the developer of mismanaging the project’s finances and misappropriating funds, prompting what appears to be a hastily assembled settlement Thursday.

The dispute came to a head Tuesday when a group of investors filed a lawsuit against the Madison Equities CEO, stating they had collectively poured $775,000 into the project in 2014. As part of the agreement, they were told they would get an estimated 50 percent profit on top of their principal, according to the suit, which also named Madison Equities President Anthony Labozzetta as a defendant.
...
And this is not the first investor dispute. Last December, Gladstone signed a “confession of judgment” acknowledging he owed another investor in 212 Fifth Avenue some $3.4 million, plus interest."