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What price will it sell?

Started by 300_mercer
about 7 years ago
Posts: 10570
Member since: Feb 2007
Discussion about 275 Greenwich Street #8L
Not renovated but ok condition with probably 30 year old kitchen, floors etc. I would think at least $1250 per sq ft leaving $350 per sq ft for reno / trouble (with everything remaining in place) so that the finished price is $1600 per sq ft.
Response by 300_mercer
about 7 years ago
Posts: 10570
Member since: Feb 2007

Given that there is no structural work in the reno, perhaps as low as $300 per sq ft reno / trouble which will put it at $1300 per sq ft vs finished apartment at $1600 per sq ft.

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

It's interesting to note that when this apartment came on the market the first thing in the apartment description was "Please note apartment is leased through to May 31st, 2019." But now enough time has passed that they no longer think they need that caveat.

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

That is probably why they have not taken a price cut as they can not really sell.

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