250 west 82nd any info on apt 72 sale price? it just closed

Hang in there, bela. The UCCs are in, so ACRIS should get the tax statement soon.

I've seen both apartments, and liked them. I wrote up #72 a few months ago:

250 West 82nd Street #72
$3,495,000 Co-op 4 beds 3 baths
Listed with Scott Moore at BHS
Traffic: Light-moderate; I was the last visitor. I think there were about two pages’ worth of names.

This early Emery Roth effort is a cute seven-floor building that looks almost whimsical compared to the structures that defined the Emery Roth brand. The “2” line has a lot going for it - most notably handsome public spaces and lots of bedrooms. The turn-of-the-century detail has been preserved very well. I’m surprised the BHS website doesn’t show off the exposed-beam living room; the corner room shown in the listing is actually the library, which is big and bright enough to be used as the living room. The master bedroom is large and handsome; so is the comfortable eat-in kitchen.

The three smaller bedrooms are laid out along the long corridor that leads from the entrance at the western end of the apartment to the public rooms on the Broadway side. The floorplan is simple and maybe a bit antiquated. Personally, I like it because the wide central galleries and winding wings of later pre-war designs often strike me as an ostentatious waste of space. Others may find the layout a little claustrophobic. The apartment is basically in move-in condition, though a bit of paint and polish might bring out more of the sparkle

#72 is a new listing, and I won’t venture a guess about where it might ultimately trade. #33, with basically a mirror-image layout but less light, has been on the market for six months and has dropped three times, from $3.9M to $2.75M. Scott Moore mentioned that these units seldom become available and I believe him, based on the Streeteasy sales history for the building; so pricing them must be a challenge for the brokers. Maybe 250-254 (a.k.a. 2273 Broadway) is too funky to compete with the big boys around the corner on West End, where space like this might very well fetch $3.5M. I guess the bank on the ground floor IS a little tacky, though all that Broadway retail space helps keep the maintenance reasonable.

For what it's worth, my guess would be that $3.175MM was the real selling price, because BHS generally plays fewer games with that stuff than the other houses. But you never know.

33 was in contract but is now available again but broker will not tell what the contract price was.
do you think 3M is a good price for 72? with all that price falling and bubble talk it does not seem like a bargain to me. so again i ask where are the price declines everyone is writing about. i am out there looking and i just do not see it. and just b/c prices are cut means that they were rediculous to begin with.

Bela: That building is hard to price. There isn't much turnover, and both the building and the units are rather quirky. Personally, I think #72 is a great apartment with lots of distinctive charm, and I would take it over a lot of stuff that has traded in that price range. I don't like #33 nearly as much, though you could use the price difference to fix many of its comparative weaknesses.

There aren't a lot of 5BR pre-wars on the market, so scarcity is a huge factor. The scarcity also means there aren't many comps - not even enough to set a benchmark, let alone track trends. Sorry i can't be more helpful. I just don't know. Intuitively, I would expect a building like 250-254 to drop more in a soft market then the taller, more conventional pre-wars around the corner on WEA< but that's just a guess.

Just to close the loop on Bela's question: The selling price on #72 was indeed $3.175MM:

http://www.streeteasy.com/nyc/closing/748580

thanks west 81st