Reno: real or fake?

A) it doesn't look good enough, and
B) it doesn't match the proposed floor plan,
So I'm going to guess current.

I think fake except for kitchen. Bathroom has no signs of shower curtain or glass door. No overhead or other light fixture in the living room.

I put tenants into one of those two apartments a few years ago (yes, I work Georgetown Plaza! Don't everybody call at once!) and it sure wasn't in that condition. That might be the kitchen, but the bath was a double-sink, older bath. That plus the words "combo opportunity" in the listing lead me to call fake.

ali r.
{upstairs realty}

I'll agree that the bathroom looks like it's not from that apartment. I was thinking mostly the kitchen.

Do they actually have condominium rules or flexible coop rules?

This was back in the day, so I'd have to check with the managing agent (Rose, I think) to make sure nothing has changed, but the sublease I did felt like a condo to me (e.g. board required the owner to offer the sublet to the board, which had to waive its RFR).

ali r.

There is no board interview. Just Rofr. For all practical purposes, it is condo. But the rules can change with super majority.

What do you think it's worth? Seems like they are asking over $1,500/sf for raw space with no particularly great view, high ceilings, or anything else of outstanding merit?

Assuming it is raw, $1200 per sq ft as it faces Broadway. Ceiling are 9 feet. Building sales continue to surprise me on the upside. It is a well run building.

Perhaps $1100 if it needs everything but does not seem like.

I also like the raised platform where I see children playing and proximity to Washington Square Park.

So, $2.1 to $2.3 million?

If individual apartments are not in a decent rental condition. Yes. Building is zoned for PS41. So perhaps even $2.4mm to an end user.

it is delisted today, does it mean it's in contract?

It seems 9M is indeed renovated as per the listing description.
https://streeteasy.com/building/georgetown-plaza/9m?context%5Bcontroller%5D=%23%3CBuildingController%3A0x000055b04f2a3d98%3E&context%5Bcurrent_user%5D=1004028&hide_if_empty=true&section=sales

I like the "Brand new never lived in..." prefaced by "Tenant in Place" :)

Tenant stayed in their Hamptons home while the renovation went on, and will be back in the fall, so not yet 'lived in'?

Reno looks nice. I've always been interested in the situations where a long-term renter puts significant sums into the apt that they will ultimately 'lose'. (I knew of a situation years ago on the UWS where an older stabilized or controlled tenant sprung for a pricey new kitchen, and died the following year. )

I think this one is owner's renovation.

rent stabilized or controlled unit can pass on to friends and families through some way