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Proof that well-priced apartments sell quickly

Started by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007
Discussion about
Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007
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Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007

Or is it people finally realizing that this pre-war loft building is just 5 minutes walk / 1 big block to Central Park and West Side on 58/59th is getting a lot more amenities due to new buildings?

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Response by 30yrs_RE_20_in_REO
almost 8 years ago
Posts: 9877
Member since: Mar 2009

Over 40% higher than 2012 price. Shocking.

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Response by rdc10036
almost 8 years ago
Posts: 47
Member since: Dec 2012

This unit was already vacant and nicely staged so owner was probably in a hurry to sell, but I don't know, if my apartment sold that quickly I would worry that maybe it was under-priced.

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Response by front_porch
almost 8 years ago
Posts: 5316
Member since: Mar 2008

Wonderful staging.

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Response by ximon
almost 8 years ago
Posts: 1196
Member since: Aug 2012

Fabulous apt. with great layout and decoration. Still not a big fan of the area though which I think is why it sold so cheap. Too many rentals, medical uses and noise for my taste but a real value purchase that should appreciate over time.

What's with SE now cutting off most of initial postings? Looks deliberate but very annoying.

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Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007

The apartment baths and kitchen are from condo conversion 11 years back which were not very high quality but still nice. Updated would have traded at least another $200k higher.

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Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007

Pre-war lofts like this are not built any more.

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Response by Squid
almost 8 years ago
Posts: 1399
Member since: Sep 2008

What Ali said.

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Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007

Staging is nice no doubt but I think they underpriced it by 5-10% and it moved quickly. Obviously, I do not know the contract price.

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