Seems relatively cheap for location

I am guessing this is epitome of “stuffy coop” with strict liquidity requirements etc and that Reno will be difficult process. So gut renovation needing no direct park view low floor should be $1000-1200 per sq ft.

And a big percentage of people below 50 want open kitchen or at least some ability to partially open kitchen to dining area.

I think this building is emblematic of a lot of what is happening on the Upper East Side. While the building is "fine" with nice layouts, etc it is not a "known address" with particular "cachet." While those types of buildings are doing relatively ok in general because there is a pent up demand (almost like a waiting list) of people who have been waiting for units to come on the market in either that particular building or some short list they have, buildings like 875 5th Ave don't have that. As a result I feel that people who were looking to join a particular country club might be inclined to jump through a whole bunch of hoops to gain membership, but can't understand why they should jump through any to play what they view as the equivalent of a semi-public course.

AFAIK there is at least one unit which will sell for +/-$1 million less than it was previously in contract for but the deal did not go through. Also, be aware that there are separate servants rooms which can be traded independently of the units (but AFAIK not to someone outside the Coop). These will obviously affect the sales price if one or more are included (or not).

All that said, compared to similar buildings I don't think this one is ultra-stuffy or ultra-hard, but OTOH it's still a Fifth Avenue building. So you have some rules like showings need to be 9-5 and the like. (Disclaimer: the office where I have my license is currently representing an owner in this Coop).

30, Curious if you know post closing liquidity requirement.

So many tired, over priced units in this building. Long times rotting on the market, several years in a few cases. The owners don’t seem to get that several million in renovations are needed to update to the 21st century.

And they'll need to get maintenance / assessments under control unless they want to see further price cuts. That said, the layout of 18A is my sort of place, but far too expensive. (and what other unit offers a 'stuff' room?)

7A was on the market for a while 83 days before selling. This is a prime 5th Avenue Coop. These are, and have always been for the affluent. Stop bitching because you aren't of sufficient station for a building which you don't belong in. The entire purpose of Coops is discrimination - so those people don't have to live with the riffraff like you.

And me.