9c @1395 is this a good deal?

If you like riding trains and pumping iron, I'm not sure you will fit in.

Sutton demographic jokes aside, price isn't bad but you can find lower monthlies nearby.

It's always going to be a hard sell given both the general area plus being on 57th St. But if it's going to be a "forever home," you can live with the current renovation, and you have your heart set on a prewar condo, I don't know anything significantly better priced in today's market. OTOH if the market continues to go down nothing you buy right now will look like a good deal.

I recommend comparing this to the 2/2’s that are on the market at 415 E52nd at the same price point. However, if your heart is set on Sutton Place location, I concur with every word in 30yrs response and thank him for it (and to the extent I didn’t, I would question/rethink my own assessment).

My response is effectively the same as RichardBerg’s with just added additional detail of a live example.

I went back and looked at my files from a few years ago because this address rang a bell, and now the full import of 30yrs advice has hit me - "If you are set on a prewar CONDO." Yes, prewar condos in this vicinity are scarce. When we were looking (in 2013) this building was the only one. We looked closely at a unit there and wondered why there was no premium for the condo structure of ownership (it was priced like similarly sized coops). We got into the due diligence and found a reason that explained the discount to us. That was 7 years ago (we looked at the building in July or August of 2013), so I have no current information on the building, but, as with all purchases, due diligence combined with your personal preferences and risk tolerance will ultimately answer the question as to whether it is a good deal for you.

About 20 years ago we looked at a package of about 8 units in this building. Do they still have Sponsor issues?

The issue we found related to a single entity/individual’s being heavily invested in the building, and the units were tied up in legal proceedings. That is what my notes revealed but I don’t recall the specifics. We passed. We were looking at the Maisonette 1A/2A on the market at the time for $1879000; on the market today for $1539000.