Sale at 257 West 86th Street #34B

Totally disagree with the $2.5M number. Basically the same apartment on the 12th floor sold for $3.75M a couple of months ago. But yes that does make this apartment overpriced by a large amount.

Acutally closed for $4.15mm. Grapes are sour.

Its the 20 foot ceilings. Not my cup of tea as I would need to buy a lot of art to cover the extra wall space but many buyers love the extra high ceilings.

Apt. looks like it was chopped off from a floor-through. Was Kitchen the original butler's pantry? Must have been an amazing apt. when originally built.

Given that there are other similar apartments in the building, could be built as such.

It may not be for everyone but personally, I love the high ceilings and there are many buyers out here who would love this kind of thing. Yes, overpriced - will prob trade in the 3.5m range.

Squid, Not sure of the extent of Reno needed but if it needs new kitchen, baths etc, $3.5mm is probably the right number. Perhaps a touch less.

ximon, I can't find a set of original floorplans (and I'm not the listing broker), but from the floorplans in my database this unit would not have had a "butler's pantry" -- in fact, the original kitchens would have barely qualified as kitchens by our current standards. Still, the original kitchen would probably have been lined up on one side of that entry gallery -- where the wine refrigerator is now -- and where the current kitchen is on the third floor would have been a bedroom.

ali r.
{upstairs realty}

It was just a guess, Ali, seeing what looks like a maid's room next to a kitchen. But pre-war layouts are all over the map depending on exactly when they were built, how luxurious they were intended, and how chopped up they became.

Not my preferred neighborhood, but I like the ceiling height (I do have some art for it), and the floorplan. It will be interesting to see where it lands.

X, I didn't mean to sound snappy. I blame "bomb cyclone" -- I'm spending too much time out in this yuck.

Why do listing agents agree to take on overpriced listings? By definition it means that the seller is delusional and most likely hard to get along with. As a buyer the first thing I ask the listing agent is to tell me if the seller is crazy or not!

Generally, because a) they have sold the seller on the overpricing (and deluded the seller), and/or b) they want to lock themselves in as the sellers agent, even if there are price chops later.

(not saying that has happened with this particular property)

Also to use as a tool to aquire buyers in that price range.