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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?
Response by Aaron2
over 6 years ago
Posts: 1698
Member since: Mar 2012

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).

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Response by 30yrs_RE_20_in_REO
over 6 years ago
Posts: 9878
Member since: Mar 2009

Think the market is down?
https://streeteasy.com/sale/673624

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

Full service/21 units = high maintenance.

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Response by 300_mercer
over 6 years ago
Posts: 10570
Member since: Feb 2007

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.

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