200 mercer

and gotta love the abundance of open houses
the time slots are a tad tight though

OPEN HOUSES
Wed, Apr 24 (4:19 PM - 4:21 PM, by appt. only)
Thu, Apr 25 (4:19 PM - 4:21 PM, by appt. only)
Fri, Apr 26 (4:19 PM - 4:21 PM, by appt. only)

Raising the price $500K does not help sale prospects. Nor does that very taste specific renovation of a $4MM 2 bedroom.

I wonder what the view will be/how many windows will be looking down on that outdoor space after NYU finishes their "Super block" megproject across the street.
https://ny.curbed.com/2016/12/8/13887252/nyu-expansion-181-mercer-street

And thus we have horse races -- the kitchen is not my jam at all.

Marin County called, they want their art director back...

All the windows 30yrs_R.
From my recollection, the deck is at the front of the building (mercer st)

As sometimes comparable maintenance amounts within a building can tell you a lot about what an apartment may be worth, the recent sale of 3F for just under $3mm makes the $4mm ask for 4B quite ambitious.
One maintenance at $3425 and the other at $3382, that means when this co-op formed these units were seen as near equal value.

3F is much bigger at a listed 2400 square feet. My memory of 4B was around 1500 square feet and 500 sq ft outdoor.

Impending view doom severely hurts the deck valuation.
I dont think they'll sell high enough to cover the cost of what they paid for apt and reno.

Feel like I dodged a bullet not buying this apt.

This one has two real bedrooms (assuming side window stays) and better light than 3F. Wood everywhere is not necessarily every one’s taste and but the walls can be changed at relatively low cost. Call it generous 1750 sq ft plus very nice 500 sq ft in outdoor space. I think the area (not the view) will improve with new building as the current feel is a little run down. I would think it will sell higher than 3F but much lower than $4mm. $3.5mm?? Not a bad investment if the current owner put in $500k plus trouble.

As the listing was raised by $500k and has 146 saves from users, its very possible they dont get too far from their number.
But looking at my old notes, I had this apt at 1500 sq ft. That floorplan that shows living room at 23'1 x 29'9 I think is including the dining room(as the new floorplan removed the description dining room), so it ends at the stairs not at the breakfast table slab.
If you look at the older listing floorplan, it's 22'6 x 26 (which identifies also a dining room/area). Im sure they got a little creative with including outer brick as well.
But ok Ill call it 1750 with you.

I also agree and came up with them having spent @ $500k on the reno.
Im half remembering there may have been a roof issue, but that was likely repaired at the whole building's expense.

If not for that new building going up I would be inclined to agree with you 300M. But having looked at between 100 and 200 units with outdoor space, the one critical factor was whether you at least 1 direction with wide open views or not. This new building coming will tower in your one direction you have. Yes it will be glass and I myself probably wouldnt have terribly minded watching college girls strut through the glass halls....the first 6 months. But a 4 way surround of brick and/or windows ultimately is a backyard, not a terrace.

And dont forget having to live with the construction of it for the next X amount of years.

Construction is def a negative. Let us see what they get. Interest rates are incredibly low. You can get 10/1 at 2.75 if you have strong credit and enough down payment. I am doing my 10/1 refi at 2.80 range.

Personally I wouldn’t even be interested at 3mm as the building is not to my liking.

The building has an advantage in that it's one of the only Soho/Noho Coops which actually isn't AIR (as opposed to the Coop Board simply not enforcing AIR requirements), although that may change in the upcoming rezoning.

As far as view, etc I think the fenestration of the bedroom windows don't help this unit any.

and.....back off market

I can't tell you what happened with this particular listing, but get ready for a lot of:
Unit is overpriced so goes off market.
New broker convinces seller to re-list because "I can sell it."
When broker tells seller "the market has changed, we have to lower the price" unit goes back off the market again.

agree 1000%
This Josh Rubin at Elliman is very aggressive.
I get constant and chronic postcards to list my apt from him for the last 6 years.

Looking back a year and into the future I wonder if those involved will ever admit what a colossal disaster the marketing of this unit was and as a result the opportunity missed.