Yikes, that’s a serious reduction!
Started by Mina
over 6 years ago
Posts: 41
Member since: Nov 2017
Discussion about 36 East 72nd Street #5S
Lovely apt but I’m guessing the monthlies and recent low comp are surpressing the value. How should buyers think about the monthlies relative to the value?
Must have been a really foggy day when those pix were taken, or they were photoshopped to hide the views (or lack thereof). That may be dragging down the price as well.
When will brokers show some integrity by consistently and clearly stating that photos have been edited? (or not doing it at all) About the only exception I could make would be for editing out artwork (cf: David Rockefeller's house listing).
Think the market is down?
https://streeteasy.com/sale/673624
Full service/21 units = high maintenance.
Indeed. But some people like it small. Smaller buildings come with much fewer rules and less bureaucracy. Half the people are on the board and you can reach the board members any time. I am a big fan of small buildings (min 15-20 or so large family size units to have a doorman). At the end the day, the real estate taxes are the biggest driver now for the coop maintenance.