Insane!

Why not $2500 per sq ft? It does not seem to have a view.

Almost every time I have seen a small building where one unit holds a much larger percentage of the shares or common interest there have been issues between the owners (most of the time because the owner of that unit feels more entitled to things than anyone else). As far as I can tell, this unit owns more than half of the common interest in the building. Not only is this terrible for the other owners, but whoever buys this unit better be prepared for both the outsized responsibilities, having every decision they make second guessed, and the resentment and dirty looks they will get from the neighbors. That doesn't change no matter what the price is.

For that amount of money, if this is the type of living configuration you want, I find it hard to believe you couldn't find a townhouse where you wouldn't have the headaches.

Am I really more bearish than Ethan and possibly 30 on this - biggest bears on this forum? Unless 30 thinks it is only $2k per sq ft.

$38k in CC and taxes per month!! Kiss of death when you reach $4 plus per sq ft. May be even $2500 per sq ft is generous. There is nothing unique about this property besides a very nice Reno. Adam does not care. Loss is pocket change compared to the money he made by selling Brooklyn Bridge to Japanese.

And no pictures of the terrace??? All the way up there by itself?

It doesn't even have a grand room scale (as opposed to a bunch of rooms) which is what drives much of the ultra luxury market. It's like comparing 16 foot wide townhouses with 25 foot wide townhouses. Most of the time the biggest problem with the 16 footers (aside from Italianate style) is that the rooms are too small, not that there isn't enough if them.

Take a look at the 7, 8 and 9 room apartments at 333 Central Park West and compare the prices with apartments of the same room count in other CPW buildings.

Each floor is appx 25x85 gross it seems. To vertical living similar to a townhouse. Media room is poorly planned as it takes away from an otherwise very nice size living room but I am sure that a buyer can get rid of that. Not ultra luxury by any standard except perhaps very nice Reno.

30, What fair price in current market will you put?

So it is really 6400 sq ft foot print plus roof terrace plus ground basement level apartment. Private elevator connecting three floors?

So 6400 plus 600 sq ft allowance for terrace at $2500 per sq ft. $17.5mm. $1mm for ground floor studio with basement. $18.5mm. Less potential discount for high CC due to doorman for very few units.

It's a white elephant. I think it would be a mistake for almost anyone to buy it. To paraphrase an old expression, how low is down?

ph41,
You obviously have to share the roof and as far as I can tell the elevator doesn't go up there. Which brings up another point:
The elevator which goes between the floors of this unit isn't truly private. The floors may be locked, but it's the common building elevator. Does someone spending that kind of money want to have to carry their keys with them to get from the master bedroom to the kitchen for a late night snack?

300,
At 25 X 85 the absolute gross dimensions with no deductions (including light wells outside the building envelope) comes to 2125 SF. Yet the floors are listed as 2,210 SF. SMH.

PS Perhaps I am missing something, but the square footage on that first floor duplex I just can not account for.

So what price 30? There is obviously no private elevator. And elevator does not go to the roof deck assuming it is private.

Adam does not snack. Only smokes.

So for 37.5 mm you don’t even have a private terrace??
So many other options at that price.

I really can't tell if it's a private roof space because the listing description is silent, the floor plan only says roof deck, and it appears it's only accessible through the common building stairway. Although if I was correct and the elevator doesn't go up there, I'd hate to be the second floor owner/occupant and have to trudge up and down 6 flights of stairs when I wanted to use the roof deck.

That sounds like the case.

when it was previously listed:

"The private 955 square foot roof terrace is a private oasis with a fully equipped outdoor kitchen, natural stone pavers, and a clear glass and stainless steel railing which offers uninterrupted views of the neighborhood's historic buildings, leafy trees and Gramercy Park. This rare outdoor space is perfect for relaxed afternoons and festive evening entertaining."

Adam was sold on the "festive evening entertaining"

When you made a killing by selling Brooklyn bridge to Japanese, it does not matter how much you over spent. He is worthy 100s of millions even if this apartment is worth nothing.

That's why we need the fake native princess to tax the hell out of these crooks

Does the listing price include fruit infused water?

Only pot infused.

Bong water.

Do you think it's worth $1.2 million more than 2017 price?
https://streeteasy.com/building/78-irving-place-new_york/carriage

Just to clarify something: Adam "Shyster" Neumann did not buy this, Masayoshi Son (or, more precisely, his stockholders) bought it but ended up with even less than their We stock.

It's back and better than ever.
https://streeteasy.com/building/78-irving-place-new_york/ph?utm_campaign=sl-dirt-ny&tpcc=sl-dirt-ny&utm_source=Sailthru&utm_medium=email&utm_term=DailyDirt%20%28Piano%20Users%29

Looks great. Excellent location

Are those ostrich feathers on the bedroom ceiling fixture? (!)