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Apartment 106 East 85th Street #5S

Started by nicesmile
over 6 years ago
Posts: 90
Member since: May 2016
Discussion about 106 East 85th Street #5S
It is so hard to be an upper east side >25% down unit these days. Another one on the market for over a year, and asking over 2m, pulled from the market. Are these units / buildings this undesireable? At what pricepoint would these move? 1.7m?
Response by 30yrs_RE_20_in_REO
over 6 years ago
Posts: 9878
Member since: Mar 2009

This is exactly the point I was making in the other thread: at some point one or more of these units will NEED to sell and will transact at whatever number is offered (to some extent).

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Response by Anton
over 6 years ago
Posts: 507
Member since: May 2019

it's down only $130,000 (5.1%) About 7 Weeks Ago, far far from 25%

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Response by stache
over 6 years ago
Posts: 1298
Member since: Jun 2017

25% is the required down payment. The boards will have to wrap their heads around the concept that their neighborhood has gone out of style and accept reduced prices.

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Response by Jetsfan
over 6 years ago
Posts: 17
Member since: Jul 2016

4K a month in maintenance for a low-floor unit in a building with only a part time doorman and no real amenities (ie, no gym) seems like a lot, which may also be contributing to the issue. On the bright side it's PS 6.

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