This high end UWS building

how much of the flat to down pricing vs. 2008-2010 original prices is based on the abatement going away, and how much based on the market's flatness?

A building this small cannot rationally sustain the amenities and doorman. Surprised the monthlies are not even higher. 22 units, six of them on the market at the same time, most on and off the market for years. Seems to me a fairly limited audience for this product.

I think the problem is.. location.

If you are in the market for a $10-20M apartment, why live on the corner of 2 busy streets, an avenue away from a local subway stop?

Plenty of apartments with views, park overlooking, supertalls etc.. or full floor-thru loft styles downtown, etc.

Just a weird product.

@nyc_sport: there are certainly smaller buildings supporting the same or more full-time staff (any number of them on 5th ave), but their monthlies are a lot higher. For the money, I'd rather take on renovation of an older east side unit (higher ceilings, better neighborhood). So yes, location.

I've been in one of the units for sale seeing friends, and the appeal of the apartment to me was the flavor of an UWS family apartment mixed with a giant luxury house in the sky. I don't know if it's even possible to raise down-to-earth kids in a $10 million apartment, but surely the pretense isn't even there if you're in a supertall.

If you're spending 10M on an apt. are you taking the subway?

@stache - I certainly know people in that NW range that ride the subway.

But flipping it around - if you are being driven to work, wouldn't you want a location better for that too? Riverside Blvd, Central Park West, Central Park South, Park Ave, Fifth Ave, etc. Even UWS but closer to a West Side Highway onramp?

Here you have to fight traffic downtown and cross town.

on the $19M apartment:
**Owners agree to offer a two-year, $5,000 per month rebate (total of $120,000) to the buyer as a closing credit.