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Square Footage

Started by Ethan129
over 3 years ago
Posts: 157
Member since: Sep 2007
Discussion about 5 East 22nd Street #20D
There’s always a reason why brokers leave off an apt’s square footage and it’s almost always because the asking price is way overpriced relative to the apt’s sq ft. This apt looks to have 900-1,000 Sq ft and is thus asking approx $2,500 per sq ft. Beyond insanity which is why they’ve already started lowering the price. Need another $500-800,000 off.
Response by pinecone
over 3 years ago
Posts: 143
Member since: Feb 2013

They're adding a premium for the 'outside space'.

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Response by 300_mercer
over 3 years ago
Posts: 10570
Member since: Feb 2007

Ethan, You are using a faulty tape measure. Old fashioned condo measurement is 1084 from previous listings of similar units. Likely doesn't include exterior walls. New condos will say 1200 at least. Price is indeed expensive for this vintage but not too far off from where building trades.

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