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What is the right price?

Started by NYCpropertyFan
over 6 years ago
Posts: 10
Member since: Oct 2018
Discussion about 303 E 43rd Street #27A
Needs reno...and no W/D...any thoughts?
Response by 300_mercer
over 6 years ago
Posts: 10569
Member since: Feb 2007

$1k per square ft leaving room for reno. But who knows.

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Response by 30yrs_RE_20_in_REO
over 6 years ago
Posts: 9877
Member since: Mar 2009

Take current price and subtract Reno cost.

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Response by 300_mercer
over 6 years ago
Posts: 10569
Member since: Feb 2007

That would put it at lower that $1k per sq ft once you factor in carry and trouble for reno. Reno itself should be $300-$350k. So $450k price cut?

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Response by 300_mercer
about 6 years ago
Posts: 10569
Member since: Feb 2007

Propertyfan, You got a mighty $20k cut!! Perhaps the broker forgot a zero.

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Response by 30yrs_RE_20_in_REO
about 6 years ago
Posts: 9877
Member since: Mar 2009

I see that cut as pointless from a marketing perspective.

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