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Thoughts on pricing @150 Waverly Pl?

Started by 30yrs_RE_20_in_REO
over 7 years ago
Posts: 9877
Member since: Mar 2009
Discussion about
Note that this listing, piced at just over $2,700/SF is not on Streeteasy: https://www.sothebyshomes.com/nyc/sales/00111908
Response by 30yrs_RE_20_in_REO
over 7 years ago
Posts: 9877
Member since: Mar 2009
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Response by ximon
over 7 years ago
Posts: 1196
Member since: Aug 2012

Not a full townhouse only the first 3 levels so needs some type of discount from whole building sales. It appears that top 2 floors are occupied by different condo unit owners who access from another building which appears to be #148?

Did you notice that the broker only shows a picture of the lower 3 floors?

From the article, owner Dan Abrams says “I always loved the fact that there was real history there”. If true it's odd that he gutted the interior. Also, a little odd that kitchen is one level below dining room but that's townhouse living I guess. Taxes are quite low. Wonder how long that will last.

I am nitpicking though as I think it's quite beautiful space so maybe $2,700 psf is not that far off.

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Response by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007

The townhouse market has a very wide of trading prices per square foot. It is very hard to say what is fair. Will say back facade at the kitchen level is not up to par. Most will have full glass facade.

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Response by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007

at this price point.

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Response by ximon
over 7 years ago
Posts: 1196
Member since: Aug 2012

Perhaps the biggest discount would be for condo fees. What exactly does one get for $1,423 per month? One of the benefits of townhouse ownership, from my experiences looking in Brooklyn, is that property expenses are mainly just heat and insurance. Is there a super?

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Response by 30yrs_RE_20_in_REO
over 7 years ago
Posts: 9877
Member since: Mar 2009

cc/RET have certainly gone up a lot since this listing:
http://www.stribling.com/properties/573315

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