35 East 38th Street in Midtown South

I see that there is an open house there tomorrow from noon to 2 if you're in the city. Seems like a good location.

Busy in the day M-F, dead at night. I work a couple blocks north. Don't know the building.

Happy to give you the skinny.
We investigated this semi-town house about 3 months ago. As you will note it has undergone several price reductions. For startes, it is a very unique situation. Its kind of living in a town house with out actually owning the the entire building. I hope you like the stair master at the gym because this apartment is a stair master of its own (23 stepes from the livingroom to the bedroom). Forget what the listing says...It's a one bedroom...I promise. There a small finished basement that you might call a bedroom but, you could put a bed in a windowless basement and call it a bedroom but, it's still a basement. There is a tiny area you could also wall off to call a bedroom as long as the person who occupies that room is very very tiny...umpallumpa size. The kitchen and dinning room are quit nice but careful inspection of the kitchen shows old brand name appliences and the mill work is cheap and cheesy.
The maintence is also a misnomer. There is a $640 assesment you can add to the number in the listing. If I remember it was like...$2600/mo?...now add the $640...that makes $3200. I took the time to canvas other coop owners because the agent informed me that the assesment was to be "done away with",NOT TRUE.
Lets also keep in mind that Uncle Bloomberg is about to raise property tax by 7%.
If you like this apartment it really pays to be young. I also pays to have no children and have no intention of having any. 38th street is a VERY busy, 3 lanes of traffic from 8am to 6pm. I was almost run over when I went to see it. The apartment was purchased in 2005 for 1.1 Million...KEEP THAT IN MIND! We might be at 2005 prices soon, if were not there already. The apartment is unrentable due to the coop rules and regs., the owner has not occupied it in over one and a half years. If you look carefull it really needs a lot of work. There are is no heat...I repeat...NO HEAT. The story is that the heaters were removed because the apartment is hot enough and does not require heat. I saw this place in the summer so I have no real knowlege as to the truth of this.
If your dream is to live town house style in Murry Hill, climb endless stairs, have one bedroom and renovate extensivly, This apartment is right for you! Good Luck and Enjoy!

Thanks falco, but I think that you are speaking of a different apartment. I am asking about a condo building,35 East 38th St, a/k/a The Elysabeth. Thanks anyway.

falco's info is so brokerspeak, not worth going past the first word.

chuckufarley, you don't know falco that well, a more tormented purchaser/sideliner SE would be hard to find. but not a broker. actually it's interesting to just look at his musings over time, because it so seems to parallel the concerns of the buyer who can afford the mid-level apartment.

> Busy in the day M-F, dead at night. I work a couple blocks north. Don't know the building.

KGG is right. You don't have a whole lot of post 5pm stuff. K town a few blocks below, CUNY grad center perhaps... but it gets even worse as you go North.

A lot of risk here. If you love it great, but this is the kind of place that has a lot of trouble selling in bad markets.

Actually, I think I've seen the apartment Falco is talking about and his right on the mark.

Thanks NYC.