Another townhouse datapoint...
Started by TeamM
over 6 years ago
Posts: 314
Member since: Jan 2017
Discussion about 49 East 67th Street
Per the other thread on a townhouse datapoint. I will be interested in seeing the final price on this, but the fact that this one dropped so much before contracting has to be a wake-up call for other townhouse pricing. Good size, good location and a pool...
Why does the skeptical me notice missing bathroom pictures, somewhat outdated kitchen and $12k in taxes?
This is a better deal than most of the condos at similar price point IMO. It's shocking it didn't sell for higher. The monthly tax thing is oppressing though...
All depends on what percentage square footage you assign to below ground space which has pool. Also, most 10mm+ condos come with much better view. So a hypothetical low floor 5000 sq ft condo in a similar location will be good comparison.
It probably didn't help having to explain to potential purchasers that the pool was a coop unit in the building next door and what the implications of that were.
And what happens if the Coop rejects a purchase of the unit, or has a huge assessment for a facade repair, etc?
Here's your large condo TH (with an interesting history)
https://streeteasy.com/building/american-thread-building/12c
The pool is pretty impressive. That is a strange arrangement that a free-standing townhome has carved out a pool into the basement of a neighboring Co-op!? I'm going to guess the co-op has no say in who buys the town house. It would be interesting to see the terms of that arrangement.
Fair point that the arrangement with the coop may complicate things, so this may not be as it appears on its face.
Finally in contract after 4 1/2 years on the market after dropping the asking price from $35 million to $16.5 million
https://streeteasy.com/sale/1294720
Any guesses on price? I'm going to guess $13.5mm