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the only nyc apt with 2021 value increase

Started by trevorF
almost 5 years ago
Posts: 58
Member since: Mar 2008
As the land becomes less valuable, these apartments become more valuable. Assuming the value of comps is unchanged, if the cost of purchasing the land decreases, the value of the apartment increases. Even if the value of the comps decrease, the value of the land will decrease at a much quicker pace and there too, the value of the these apartments increase. Unique inverse opportunity.
Response by 30yrs_RE_20_in_REO
almost 5 years ago
Posts: 9877
Member since: Mar 2009
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Response by stache
almost 5 years ago
Posts: 1298
Member since: Jun 2017

Weird to start a new thread about this -

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Response by lrschober
almost 5 years ago
Posts: 159
Member since: Mar 2013

By December 2020, 4JK cut its value by nearly $600,000. What a way to end the year.

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Response by lrschober
almost 5 years ago
Posts: 159
Member since: Mar 2013

Maybe TrevorF is the owner of 12Q, the only apartment which increased its price tag... by all of $3,000.

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Response by trevorF
almost 5 years ago
Posts: 58
Member since: Mar 2008

perhaps, one of these years, i will be right, yet there is a risk that my statement may never be correct with this building. are these poor souls owners of apartments or of a depreciating asset. that line is fuzzy.

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Response by ToRenoOrNotToReno
almost 5 years ago
Posts: 119
Member since: Jul 2017

At least TrevorF has a sense of humor haha :)

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Response by stache
over 4 years ago
Posts: 1298
Member since: Jun 2017
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Response by stache
about 4 years ago
Posts: 1298
Member since: Jun 2017
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Response by trevorF
about 4 years ago
Posts: 58
Member since: Mar 2008

look at the price appreciation in the 1br apts - up 6.5% in only 20 days!!! :

08/30/2021 #12R $202,500 Sold (asking: $210,000.00 -3.57%) 1 bed 1 bath 900 ft²
08/10/2021 #19N $190,000 Sold (asking: $219,000.00 -13.24%) 1 bed 1 bath 900 ft²

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Response by Admin2009
about 4 years ago
Posts: 380
Member since: Mar 2014

What's the condition of the apartments, where are they located in relation to the best views ????
Not a fair comparison just on price and s.f.

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Response by trevorF
about 4 years ago
Posts: 58
Member since: Mar 2008

Admin2009 - Don't make assumptions. Do your own due diligence. We did our work and came to the conclusion that this is a fair comparison. 19N is even superior to 12R. Why ask the questions if you can just look at the listings yourself. Are you a potential buyer? Are you trying to put uncertainty into the mind of our community? You better buy now, because its getting hot in here.
So hot in
So hot in here
So hot in
Ah
Oh
Wanna a little bit a
And a little bit a
Check a little bit a
Just a little bit a
Just a little bit a
Just a little bit a

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Response by AnonMan2002
about 4 years ago
Posts: 165
Member since: Feb 2009

its funny and sad watching these units burn hard

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Response by Admin2009
about 4 years ago
Posts: 380
Member since: Mar 2014

trevorF .... what the F%%% are you babbling about ?

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Response by stache
about 4 years ago
Posts: 1298
Member since: Jun 2017

Edibles?

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Response by stache
about 4 years ago
Posts: 1298
Member since: Jun 2017
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Response by Admin2009
almost 4 years ago
Posts: 380
Member since: Mar 2014

trevorF continues to hide ? ? ?

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Response by trevorF
over 3 years ago
Posts: 58
Member since: Mar 2008

I'm right here Admin2009. Your wife sees me every other week. Perhaps you need to just open your eyes a little wider. Neither of you will be seeing me for a while now...

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