Are Park Avenue and/or UES dead?

I think the UES is great….there was an article several months ago in the WSJ about how it’s now becoming “trendy”. I just love that it’s not horded by silly tourists snapping pictures at every police car or ambulance. And it’s definitely lower priced than downtown. I still would never in a million years buy a coop and deal with all the stupidity that goes along with it. With this particular listing it says:

“Pied a terre and guarantors now considered.“

Which to me means no and/or a picky board. No thanks

It is over $5100 monthly after putting 30% down. How much would it cost to rent this or similar unit? I suspect quite a bit less than that.

Nice area but could not stand to stare at brick walls.

George, Look at the increase in maintenance over time. Doubled.

Its seems small about 600 square feet , dark, and corner 96 street which on Park avenue is the end of the upper east side

Thanks for all your comments. It’s amazing to me to see a unit’s asking price less than it was 13 years ago. Does that mean they overpaid or is the market for 1br UES co-ops flat?

@911 Turbo
Insightful comment about the board. I believe the board won’t let them go below a certain price to sell the unit. These boards are holding on kicking and screaming to artificial values. It’s one of the reasons my wife has no interest in a co-op.

No view, small bedrooms, slightly high maintenance for a meh unit. 11A, also with no view, sold 4 years ago for 560k without an open kitchen. Flip tax + supplemental assessment. It's at the other end of Lenox Hill, and a much more modern building, but if somebody wanted a 1 BR, why not this one, which is larger, has central air, and has lower and stable maintenance (but fewer building amenities):
https://streeteasy.com/building/118-east-60-street-new_york/7b
for a ballpark comparable price? (and 32B just went on the market for a very aggressive price).

There's a thread about this building. Picky board.

I know people in the building, and knew that thread - don't know if there are updates, or how much board turnover there has been -- at one point, the building and board was mostly original tenants who bought when the building converted (mid 70s?). 50 years later, I imagine it's a different population and board.

Right but that thread was maybe ten years ago.