Skip Navigation
StreetEasy Logo

Someone Overpaid......

Started by Ethan129
almost 6 years ago
Posts: 157
Member since: Sep 2007
Discussion about 10 Madison Square West #4D
The current owners paid $3.55 million in September 2016 at a price of $2,100 per sq ft. Lat 2016 was already past the peak of the market but the market has still decreased significantly since then. Today, the apt came on the market at $4.35 million or almost $2,600 per sq ft. Of course, this is ridiculous but what I find the most shocking is how unimpressive the apt is. No view, no light, all windows facing other windows just feet away. This apt will be lucky to get $2,000 per sq ft or $3.4 million although even at that price would be insane for this mediocrity.
Response by 30yrs_RE_20_in_REO
almost 6 years ago
Posts: 9877
Member since: Mar 2009

https://streeteasy.com/blog/bethenny-and-fredrik-finale/
https://streeteasy.com/sale/1308861

https://streeteasy.com/sale/1404680

Ignored comment. Unhide
Response by bramstar
almost 6 years ago
Posts: 1909
Member since: May 2008

None of the bathrooms have windows. Deal killer right there.

Ignored comment. Unhide
Response by multicityresident
almost 6 years ago
Posts: 2431
Member since: Jan 2009

From links 30yrs posted, it does not look like someone overpaid, or (as is often the case, am I missing something? They might not get what they are asking today, but it is not inconceivable that they get their money out, even with transaction costs, (and @30yrs - posting the info without comment makes you the epitome of the honest broker, but I suspect I am not alone in wondering your true/actual thoughts).

Ignored comment. Unhide

Add Your Comment

Most popular

  1. How much is this apartment worth today?
    25 Comments
  2. Bought in 2012, selling now at 100+mm dollar loss
    25 Comments
  3. Wealth Gap have a < effect on the working man?
    47 Comments
  4. Bigger Manhattan price chops
    40 Comments
  5. Why Are More Millionaires Renting?
    139 Comments