chasing the market down: our favorite price choppers

ANd I would like to add to the above post - specifically units between $750,000 and $ 3,000,000 please.

No chops of townhouses on UES that started at $49,000,000 and eventually sold for 'only' $32,000,000.

Just Scroll back and look. I have not posted any with land leases and most of the apartments I posted had great views and light!

only 20% down from original list px, but who knows the closing-- and come on-- setting a realistic px could not have been hard in this one.

http://streeteasy.com/nyc/sale/535110-coop-440-east-79th-street-upper-east-side-new-york
06/23/2010 Listed by Corcoran at $1,095,000.
10/07/2010 Price decreased by 9% to $995,000.
02/14/2011 Price decreased by 5% to $949,000.
04/01/2011 Price decreased by 5% to $899,000.
06/28/2011 Listing entered contract.

Great view!!!

http://streeteasy.com/nyc/sale/465410-coop-440-east-62nd-street-lenox-hill-new-york

6/27/2007
Previously Listed by Corcoran at $1,275,000.
11/08/2007
Corcoran Listing sold.
09/23/2009
Listed by Bellmarc at $999,000.
12/27/2009
Listing is no longer available.
05/10/2010
Re-listed by Bellmarc.
09/13/2010
Price decreased by 5% to $950,000.
10/19/2010
Listing is no longer available.
02/19/2011
Re-listed by Bellmarc.
02/19/2011
Price decreased by 5% to $900,000.
04/16/2011
Listing entered contract.
06/30/2011
Sale recorded for $(insiders only)
07/01/2011
Listing is no longer available.
BECAUSE it was SOLD for $840k-- originally listed for 1.275mm DO THE MATH!!
~35%

Another GREAT view!!!!!!

another one on sutton place . 40% down!!

http://streeteasy.com/nyc/sale/521168-coop-25-sutton-place-south-sutton-place-new-york

05/11/2010
Listed by Corcoran at $1,395,000.
08/04/2010
Listing is no longer available.
09/13/2010
Re-listed by Corcoran.
09/13/2010
Price decreased by 10% to $1,250,000.
12/09/2010
Listing entered contract.
06/03/2011
Listing sold.
06/03/2011
Sale recorded for $(insiders only)
sold for $995k
GREAT JOB!!

ok sorry- here is upper east

Drop- drop -drop- 1.2 mm to < $875k final list

http://streeteasy.com/nyc/sale/581957-coop-239-east-79th-street-yorkville-new-york
07/05/2006
Previous Sale recorded for $(insiders only)
11/07/2008
Previously Listed by Prudential Elliman at $1,199,000.
04/21/2009
Prudential Elliman Listing is no longer available.
02/07/2011
Listed by Prudential Elliman at $980,000.
03/16/2011
Price decreased by 4% to $939,000.
05/03/2011
Price decreased by 7% to $875,000.
08/03/2011
Listing entered contract.
09/12/2011
Listing is no longer availabl

>>>>matsonjones - they are all over..

Brooks - AGAIN - NOT so far east west you're in the river (440 East). NOT Sutton.

And the last one is misleading. It was priced $1,200,00 in late 2008 and removed five months later with no price chops!! It was off the market for almost two full years after that.

The actual comp is on the market for $980,000 beginning of February this year, and in contract by August - so on market 180 days, reduced 10% or 11%. Hardly epic for these times.

You want to show me a major upper east side price chop? Let's go 64th to 82nd, between Fifth and Lexington.

A spacious well layed out apartment in good quality no land lease building with nice light/views in good condition with reasonable maintenance/taxes/common charges between $750,000 and $3,000,000 in that area.

Hit me. Nothing in the river, nothing on First or Second Avenue.

My only point is that from what I have seen, most apartments are massively over priced. Brokers will BS a seller that they can get price x for an apartment when the market is 20-30% below x. In the above example, if the RE broker was a little more skilled at pricing the apartment, the seller may have got a better price and sold it sooner. RE has been going down since 07' and it is a buyer's market. You will do your customers a favor by pricing to the market. that's all.

this a perfect example.. this apartment is priced $1.2mm more that the apartment immediately below it, 9a that was just sold.
785 Fifth Avenue #10A

"Most apartments are massively over priced"

They feel over priced maybe because I'm a buyer.
I shop the manhattan sweet spot. 2-3 bedrooms on the UES, big foot print, dining ROOM, larger kitchen. This is the fish, they are out there but what I like is priced over my head. Closes over my head also. . Always a peek to the UWS and Sutton for the potential outlier...all others comments from me are just white noise.

I hear you. You want to see the good ones pounded into submission.
Reality Check: The really good ones go for big dinero. Not all square feet are created equal.
In this town you only get what you pay for.

should have said massively miss-priced

price was dropped $50k too. I wonder if Rhino86 would still buy it for $1.149k?

This Corcoran rep wondering where all the Chinese went -- down 24% and counting

ttp://streeteasy.com/nyc/sale/587137-coop-27-east-65th-street-lenox-hill-new-york
03/02/2011
Listed by Corcoran at $1,295,000.
06/02/2011
Price decreased by 8% to $1,195,000.
09/07/2011
Price decreased by 16% to $998,000.

oops or this one-- same building-- up down-- make up your mind-- 37% down counting!!

between Park and Mad

http://streeteasy.com/nyc/sale/621656-coop-27-east-65th-street-lenox-hill-new-york

11/28/2007
Previously Listed by Corcoran at $1,250,000.
04/11/2008
Corcoran Listing is no longer available. Last priced at $1,195,000.
06/28/2008
Previously Listed by Brown Harris Stevens at $1,485,000.
06/08/2009
Delisted by Brown Harris Stevens. Last priced at $1,050,000.
08/01/2009
Previously Listed by Prudential Elliman at $1,150,000.
06/28/2010
Prudential Elliman Listing is no longer available. Last priced at $929,000.
03/22/2011
Previously Listed by Corcoran at $945,000.
06/11/2011
Corcoran Listing is no longer available. Last priced at $895,000.
07/12/2011
Listed by Bellmarc at $895,000.
08/09/2011
Price decreased by 6% to $845,000.

chopped over 45%!

06/11/2007 Previously Listed by Brown Harris Stevens at $1,450,000.
03/17/2009 Off market temporarily. Last priced at $1,165,000.
03/11/2011 Listed by Corcoran at $1,060,000.
06/18/2011 Listing entered contract.
09/07/2011 Listing sold.
09/07/2011 Sale recorded for $(insiders only)
sold $950K

http://streeteasy.com/nyc/sale/589890-coop-12-beekman-place-beekman-new-york

chopped over 70% :O

StreetEasy History
05/05/2009Previously Listed by Prudential Elliman at $17,000,000.
12/16/2009Prudential Elliman Listing is no longer available.
03/19/2010Previously Listed by Mercedes Berk at $17,000,000.
04/13/2011Delisted by Mercedes Berk. Last priced at $11,950,000.
07/14/2011Previous Sale recorded for $4,582,125

http://streeteasy.com/nyc/sale/641693-condo-120-eleventh-avenue-west-chelsea-new-york

and too lazy to look for Falco's highball thread as there is new info today....

10/19/2011 Listed by Brown Harris Stevens at $7,500,000.

Brooks: Your East 65th posting just dropped again to $799

http://streeteasy.com/nyc/sale/621656-coop-27-east-65th-street-lenox-hill-new-york

$758,000 last priced.. big drop

06/17/2011
Listed by Bellmarc at $950,000.
07/01/2011
Price decreased by 6% to $895,000.
08/23/2011
Listing entered contract.
12/06/2011
Listing is no longer available.
price dropped 15% last price at $758,00

http://streeteasy.com/nyc/sale/616671-coop-25-sutton-place-south-sutton-place-new-york

Brooks - where are you seeing the $758,000? SE shows the last asking price at $895,000.

Come on Brooks. Did you just make up the $758,000in your eagerness to show price weakness?

http://streeteasy.com/nyc/sale/587376-coop-205-east-78th-street-upper-east-side-new-york

03/02/2011 Listed by Halstead Property at $685,000.
06/06/2011 Price decreased by 2% to $669,000.
07/13/2011 Price decreased by 1% to $659,000.
08/15/2011 Price decreased by 2% to $649,000.
09/12/2011 Price decreased by 8% to $599,000.
10/26/2011 Price decreased by 8% to $549,000.
12/05/2011 Price decreased by 5% to $522,500.

http://streeteasy.com/nyc/sale/618549-coop-9-east-96th-street-carnegie-hill-new-york

06/18/2008 Warburg Listing sold. Last priced at $7,495,000.
06/18/2008 Previous Sale recorded for $7,570,000.
05/08/2010 Previously Listed by Warburg at $7,295,000.
05/25/2010 Previously Listed by Warburg at $6,700,000.
05/25/2010 Warburg Listing sold.
05/10/2011 Warburg Listing sold. Last priced at $5,595,000.
05/18/2011 Previously Listed by Warburg at $4,950,000.
05/19/2011 Previously Listed by Corcoran at $4,950,000.
06/22/2011 Corcoran Listing is no longer available.
06/25/2011 Listed in StreetEasy, already in contract, by Corcoran at $4,950,000.
10/11/2011 Listing sold.
10/11/2011 Sale recorded for $4,750,000.
10/13/2011 Warburg Listing sold.

Jaded, good find on 9 e 96:
Seller previously bought for $7,570,000 in 2008 & sold for $4,750,000 in 2011. I guess this was a pre-Lehman purchase. Bubble bites, ouch

ph41-- received this update from buyfolio

25 Sutton Place South #7C
Price decreased by 15% to $758,000.00
Status is now Sold & Closed

may be an error.. but that was the info I received.

http://streeteasy.com/nyc/sale/631154-coop-233-east-70th-street-lenox-hill-new-york
http://streeteasy.com/nyc/sale/326820-coop-233-east-70th-street-lenox-hill-new-york

How low will it go? I saw this one over a year ago. Good apartment, high floor lots of light renovated. over 1700 square feet - why is it not selling? what do you think that it will sell for?

Brooks, I have the same data on #7C that you do.

why all are coops?

233 East 70th is not selling because the maintenance is almost $4,000/month....

re: 25 Sutton Place South - prices are definitely hurt by the 45% down requirement, further hurt by the pretty high maintenance levels. Add to that that 7C was a estate sale, and you get what was a very low price (and a good deal for someone willing to take it on).
Of course the sellers of the PHOPN in that building are simply delusional.

Maintenance levels are very low at 25 Sutton pl south $1389 for a 2 bed/2 bath with river views are unheard of! what are you talking about? MAke all the excuses you want but sooner or later you will have to face the facts. RE in NYC is GOING DOWN!

btw isn't a high payment good and an argument why RE will not get hurt a s bad in NYC. I have heard that point blasted all over this board as a defense for RE prices to hold!

why all are coops?

Condos too.

Here's a condo that won't sell. Prices continue to drop and more coming to market... ready for the chinese to come in and buy.. why don't you come in and catch the falling knife?

http://streeteasy.com/nyc/sale/615542-condo-865-united-nations-plaza-turtle-bay-new-york

STREETEASY HISTORY
11/02/2007
Previously Listed by Halstead Property at $955,000.
06/03/2009
Halstead Property Listing is no longer available. Last priced at $880,000.
06/13/2011
Listed by Halstead Property at $895,000.
12/06/2011
Price decreased by 3% to $865,000.

Re: 865 UN Plaza - sellers there have delusions of grandeur due to proximity to Trump, This is a not particularly nice pre-war building, sort of a musty feel. Overpriced to start with and now facing reality. They couldn't sell this POS in 2007 at the height of the market.

Also available for rent, asking the same as 2009:

http://streeteasy.com/nyc/rental/805075-condo-865-united-nations-plaza-turtle-bay-new-york

SE has it listed as "No Longer Available" but clicking through reveals it is.

233 East 70th maint may be high, but price very low.

Here is another one: 331 East 83
http://streeteasy.com/nyc/sale/593102-coop-331-east-83rd-street-yorkville-new-york

I saw it back in March, needs total renovation, no elevator, 3rd floor walk up. For some reason they are not reducing the price - super over priced.

What do you think this property is worth?

why all are coops and condos?

1155 Park Avenue 6NE

Any guesses where this is going to close? Much volatility here. The ask dropped from $4.9mm all the way to $3.6mm. The recent price of $4,250,000 is 18% from that last offer in 2009. And it was only on the market for 30 days so maybe they get their price. Does this mean things are getting better?

As an aside, I just revisted my archived email and sure enough our offer of $4.3mm in May of 2008 was "too low to start a negotiation." Maybe not. ;)

More In This Building
1153 Park Avenue

New York, NY 10128

Sales listings: 1 in contract and 7 previous

StreetEasy History
05/01/2008Previously Listed by Brown Harris Stevens at $4,950,000.
11/04/2008Off market temporarily.
10/09/2009Listed by Prudential Elliman at $3,995,000.
12/01/2009Price decreased by 10% to $3,600,000.
12/21/2009Listing is no longer available.
10/01/2011Later Listed by Prudential Elliman at $4,250,000.
11/01/2011Prudential Elliman Listing entered contract

Condo- back to 2005' levels after serious px drops

11/02/2005
Previously Listed by Corcoran at $995,000.
05/24/2006
Corcoran Listing sold. Last priced at $965,000.
05/24/2006
Previous Sale recorded for $(insiders only)
01/12/2011
Previously Listed by Corcoran at $1,250,000.
05/10/2011
Delisted by Corcoran. Last priced at $1,175,000.
05/20/2011
Listed by Corcoran at $1,125,000.
06/14/2011
Price decreased by 7% to $1,050,000.
06/27/2011
Price decreased by 5% to $999,000.
12/21/2011
Listing entered contract.
http://streeteasy.com/nyc/sale/610089-condo-135-east-54th-street-midtown-new-york

Ok. It's East Harlem, but nevertheless, its a Chopper..

05/28/2009
Previously Listed by Prudential Elliman at $1,295,000.
01/21/2010
Prudential Elliman Listing is no longer available.
10/13/2010
Previously Listed by Brown Harris Stevens at $1,200,000.
09/15/2011
Brown Harris Stevens Listing is no longer available. Last priced at $985,000.
12/20/2011
Listed by Prudential Elliman at $899,000.

http://streeteasy.com/nyc/sale/650758-coop-1270-fifth-avenue-east-harlem-new-york

just another case of a Broker that does not know the market or is looking for a suca

Agreed! You can buy a whole brownstone a few blocks up for the same money. Plus $14K/annual maintenance on this 2bd vs $3K property taxes on an entire brownstone is a no brainer! This apt should be priced half that!

Snaps to Brooks2
D

45% drop in ask since 2007:

1036 Park Avenue #2B in Upper East Side
08/25/2007 Previously Listed by Prudential Elliman at $669,000.
12/05/2007 Prudential Elliman Listing is no longer available. Last priced at $525,000.
05/07/2008 Previously Listed by Barak Realty at $525,000.
02/24/2009 Barak Realty Listing is no longer available.
10/10/2009 Previously Listed by Barak Realty at $395,000.
12/01/2010 Barak Realty Listing is no longer available. Last priced at $399,000.
05/20/2011 Listed by Modlin Group at $369,000.

http://streeteasy.com/nyc/sale/610245-coop-1036-park-avenue-upper-east-side-new-york

Will they 2012' be the same as 2010' & 2011'-- list higher .. then chop chop chop...

http://streeteasy.com/nyc/sale/516990-rental-410-e-57th-st-sutton-place-new-york
2/16/2010
Previously Listed by Akam Sales and Brokerage at $895,000.
04/26/2010
Listed by Akam Sales and Brokerage at $895,000.
05/20/2010
Price decreased by 6% to $839,000.
06/29/2010
Price decreased by 5% to $799,000.
08/11/2010
Price decreased by 1% to $795,000.
10/01/2010
Price decreased by 7% to $739,000.
11/10/2010
Price decreased by 5% to $699,000.
12/27/2010
Listing is no longer available.
01/06/2011
Re-listed by Akam Sales and Brokerage.
03/29/2011
Listing is no longer available.
05/29/2011
Listing entered contract.
06/22/2011
Re-listed by Akam Sales and Brokerage.
08/24/2011
Delisted by Akam Sales and Brokerage.
10/04/2011
Price increased by 7% to $750,000.
10/27/2011
Price decreased by 4% to $719,000.
11/15/2011
Price decreased by 3% to $699,000.
12/10/2011
Price decreased by 3% to $675,000.

Price Chopping inventory coming to Market - hurry and sell for the spring season! This will be on the market for 2 years come April..
$700 PSF headed to $500!!

http://streeteasy.com/nyc/sale/603118-coop-50-sutton-pl-south-sutton-place-new-york

$1,250,000.
04/26/2011
Listed by Prudential Elliman at $1,085,000.
07/05/2011
Brown Harris Stevens Listing is no longer available. Last priced at $1,095,000.
08/01/2011
Listing is no longer available.
09/13/2011
Re-listed by Prudential Elliman.
09/13/2011
Price decreased by 5% to $1,035,000.
11/11/2011
Delisted.
01/11/2012
Re-listed by Prudential Elliman.
01/11/2012
Price decreased by 4% to $995,000.

Chop, chop, chop $750psf offer-- can you say $ 500 psf-- not yet but Sooonnnnn --- Great news for owners

http://streeteasy.com/nyc/sale/642580-coop-301-east-48th-street-turtle-bay-new-york
$1,400,000.
03/04/2008
Prudential Elliman Listing is no longer available. Last priced at $1,390,000.
11/16/2009
Previously Listed by RSNY Realty at $1,200,000.
02/01/2010
Previously Listed by Turtle Bay Realty at $1,180,000.
02/02/2010
Also Listed by Prudential Elliman at $1,180,000.
02/19/2010
Delisted by RSNY Realty. Last priced at $1,200,000.
10/08/2010
Turtle Bay Realty Listing is no longer available. Last priced at $1,100,000.
10/24/2011
Listed by Turtle Bay Realty at $1,100,000.
10/26/2011
Re-listed by Prudential Elliman. Last priced at $1,100,000.

$500 psf is so 2007. Can I hear a $400psf?

Wow! village choppers.....
11/02/2011
Listed by Prudential Elliman at $1,295,000.
01/12/2012
Price decreased by 7% to $1,200,000.

http://streeteasy.com/nyc/sale/644230-coop-171-west-12th-street-greenwich-village-new-york

Difficulty selling in the village? any value here?

Chop Chop Chop
Chop Chop Chop
Chop your prices
Chop your prices
(sung to the tune, shake your booty)
50 Sutton Place South #3GM
01/15/2010 Previously Listed by Brown Harris Stevens at $2,495,000.
10/04/2010 Brown Harris Stevens Listing sold. Last priced at $2,235,000.
10/04/2010 Previous Sale recorded for $2,138,750.
01/05/2011 Previously Listed by Stribling at $2,375,000.
06/12/2011 Stribling Listing is no longer available.
06/14/2011 Listed by Prudential Elliman at $2,275,000.
07/26/2011 Price decreased by 9% to $2,075,000.
09/30/2011 Price decreased by 6% to $1,950,000.
11/09/2011 Price decreased by 8% to $1,795,000.
01/04/2012 Price decreased by 6% to $1,685,000.

Chop till you drop!

Back at the chop shop.....
180 East End Avenue #21B
07/22/2011 Previously Listed by Kenneth W. Levitt, Esq. at $2,450,000.
10/06/2011 Listed by Garfield at $2,400,000.
10/07/2011 Kenneth W. Levitt, Esq. Listing is no longer available. Last priced at $2,400,000.
10/17/2011 Price decreased by 9% to $2,175,000.
12/01/2011 Price decreased by 11% to $1,925,000.
01/06/2012 Price decreased by 12% to $1,695,000.
With a Maintenance of $2,909 it going to be in the shop for a while

Reading choppers. What a great way to begin a 3 day weekend!!!! Awesome.

:)

I should go long axes... Nyc will be clamoring for them.

Is this right? 1.295mm to $850K?

http://streeteasy.com/nyc/sale/649416-condo-433-east-74th-street-upper-east-side-new-york

05/07/2008
Previously Listed by CORE at $1,220,000.
06/29/2009
Previous Sale recorded for $(insiders only)
03/12/2010
CORE Listing sold. Last priced at $1,295,000.
12/08/2011
Listed by Prudential Elliman at $899,000.
01/14/2012
Price decreased by 6% to $849,000.

850K to live in a basement?
1.5 bedrooms?

First the bad news...going to need a pair of very pointy shoes.
Now the good news...this property sports a very low suicide rate.

If it goes at $500psf, someone named nyrealestated might commit suicide. Flmaozz.

Oh no bubble profits -> going like bubbles in a bath tub. Rubber ducky.

1.295mm to $850K is just from a fairy tale to a high ball, nothing significant

~$700psf
http://streeteasy.com/nyc/sale/603128-coop-136-east-56th-street-midtown-new-york

4/26/2011
Listed by Prudential Elliman at $1,275,000.
07/23/2011
Price decreased by 10% to $1,150,000.
10/19/2011
Listing is no longer available.
11/14/2011
Re-listed by Prudential Elliman.
01/14/2012
Price decreased by 7% to $1,075,000.

480 days on mkt --sold under $500 PSF--

http://streeteasy.com/nyc/sale/541283-coop-420-east-51st-street-beekman-new-york

05/24/2005
Previous Sale recorded for $(insiders only)
07/20/2010
Listed by Prudential Elliman at $625,000.
10/19/2010
Price decreased by 5% to $595,000.
01/11/2011
Price decreased by 8% to $549,000.
05/18/2011
Listing is no longer available.
06/27/2011
Re-listed by Prudential Elliman.
06/27/2011
Price decreased by 9% to $499,000.
12/23/2011
Listing entered contract.

Just as I predicted 3 yrs ago. Solid 2003/04 pricing and $500psf. On an real dollar basis where private schools cost $25k today and $20k in 2004, someone just signed up for cat food retirement. Ummmmmm. Liver w/anchovies!

Hey, Brooks2 and associates, have you seen anything in Midtown South to the Chelsdea-Midtown West-Columbis Circle-Clinton areas--preferebly newer constructions?

You seem to catch a lot of price choppers but many of them seem to be in Midtown East and Harlem...and it almost makes me think the pricing trend you allude to may be more localized than Manhattanwide. So, I'd be interested to see if there may be some in the areas above.

Besides, I'm in the market to buy and my broker never catches these price choppers! Thanks.

take your time and look for a good buyers broker. no rush prices are still falling.. it will be a long time before prices start appreciating.

Can you explain your point of view? It's unique and I'm sure my fellow readers don't want to miss the nuances that led you to your conclusion.

320 Central Park West #3I: One of the bubble's more delusional offerings, this Ardsley 2BR finally found its level, 48% below the original ask.
01/10/2008 Listed by Halstead Property at $2,300,000.
03/11/2008 Price decreased by 4% to $2,200,000.
03/19/2008 Listing is no longer available.
04/04/2008 Re-listed by Halstead Property.
04/23/2008 Price decreased by 18% to $1,800,000.
05/23/2008 Price increased by 17% to $2,100,000.
07/01/2008 Delisted.
07/22/2008 Listed by Gilberte Sherman Realty at $1,695,000.
01/05/2009 Price decreased by 9% to $1,545,000.
08/26/2009 Delisted.
09/11/2009 Listed by Corcoran at $1,495,000.
03/02/2010 Price decreased by 7% to $1,395,000.
07/21/2010 Price decreased by 7% to $1,295,000.
04/08/2011 Price decreased by 4% to $1,245,000.
09/21/2011 Listing entered contract.
11/30/2011 Sale recorded for $1,195,000.
The sale did not reach ACRIS until yesterday.
http://streeteasy.com/nyc/sale/461403-coop-320-central-park-west-upper-west-side-new-york

Wow, 4 years. I guess they were not in a hurry and were willing to wait until they got their price.

LOVEz 320 CPW... it so captures the bubble, the pop, then ninnies thinking it's all CLEAR.

4K 3bdrm bought less than 1 year ago for $1.5MM, back on market at $1.725MM.... Wow imagine if they lived in it for 12 months, Fktards like them would ask $1.925MM... .and if they lived in it 18 months, the brokers and sellers would nod approvingly of a $2.125MM listing price....

HOW DO I GET INTO A PERPETUAL MONEY MAKING MACHINE?

320 CPW 4bdrm

STREETEASY HISTORY
12/01/2004
Previous Sale recorded for $306,500.
08/02/2007
Previous Sale recorded for $467,290.
11/17/2011
Listed by Brown Harris Stevens at $3,280,000.

Nah.. no bubble here ... let's move on.

'HOW DO I GET INTO A PERPETUAL MONEY MAKING MACHINE?'

It depends on where you were educated.
I dated a lot of girls that went to High School at 'Maria Regina, our lady of perpetual motion'

"320 Central Park West #3I: One of the bubble's more delusional offerings, this Ardsley 2BR finally found its level, 48% below the original ask."

holy crap

w67: The owners paid a little over $2.5MM for the three apartments that were combined into the current 9E.

W81: the ardsley 8 actually seems reasonable for what it appears to be in the pictures. Have u seen it?

04/23/2008 Price decreased by 18% to $1,800,000.
05/23/2008 Price increased by 17% to $2,100,000.
Huh?
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11/30/2011 Sale recorded for $1,195,000.
wtf great Job!

bfgross: I haven't seen #9E. It's hard to get my head around $3MM+ for anything in the center section of that building, or to get past the thought that #9E is just a studio and two 1BRs with some walls knocked out. I think calling it an eight is a major stretch. At best, I think it's a 7.5, because the dining area has no window. Also, a lot would depend on how much of the southern exposure is blocked by 315 CPW.

Brooks2

5 days ago

480 days on mkt --sold under $500 PSF--

http://streeteasy.com/nyc/sale/541283-coop-420-east-51st-street-beekman-new-york

05/24/2005
Previous Sale recorded for $(insiders only)
07/20/2010
Listed by Prudential Elliman at $625,000.
10/19/2010
Price decreased by 5% to $595,000.
01/11/2011
Price decreased by 8% to $549,000.
05/18/2011
Listing is no longer available.
06/27/2011
Re-listed by Prudential Elliman.
06/27/2011
Price decreased by 9% to $499,000.
12/23/2011
Listing entered contract.

This is a poor example.
Who the heck is even going to pay $400 psf with CC of $2500 a month for 2br/1bath? No W/D, crummy old coop.

apt23

about 3 months ago

ignore this person

report abuse

Brooks: Your East 65th posting just dropped again to $799

http://streeteasy.com/nyc/sale/621656-coop-27-east-65th-street-lenox-hill-new-york

LAND LEASE.

Brooks2

6 days ago

ignore this person

report abuse

Is this right? 1.295mm to $850K?

http://streeteasy.com/nyc/sale/649416-condo-433-east-74th-street-upper-east-side-new-york

05/07/2008
Previously Listed by CORE at $1,220,000.
06/29/2009
Previous Sale recorded for $(insiders only)
03/12/2010
CORE Listing sold. Last priced at $1,295,000.
12/08/2011
Listed by Prudential Elliman at $899,000.
01/14/2012
Price decreased by 6% to $849,000.

I actually thought about this apt as it was newly built with tax abatement.
1st floor with basement? nada...it needs to drop more.

@w81 in what kind of a market would a situation where a 2x 1bdrm plus Studio paid at $2.5MM and looking to sell for $800K more in 3 yrs be called?

Now add in the fact it doesn't have views of CPW... that a CPW address would sorta hint at....

THAT IS CALLED A BUBBLE..... this bubble is nowhere near finished collapsing.

History continues to repeat itself in slow motion at 270 West End Avenue #12E (a.k.a. "The Yacht"):

06/16/2008 Listed by Brown Harris Stevens at $3,300,000.
09/02/2008 Price decreased by 6% to $3,100,000.
10/01/2008 Price decreased by 3% to $2,999,000.
10/23/2008 Price decreased by 7% to $2,799,000.
12/06/2008 Price decreased by 5% to $2,649,000.
01/11/2009 Price decreased by 8% to $2,450,000.
02/17/2009 Price decreased by 18% to $1,999,000.
04/10/2009 Listing entered contract.
06/12/2009 Sale recorded for $1,650,000.

03/10/2011 Listed by CORE at $2,950,000.
06/13/2011 Price decreased by 3% to $2,850,000.
08/30/2011 Price decreased by 4% to $2,750,000.
10/04/2011 Price decreased by 2% to $2,699,000.
11/03/2011 Price decreased by 7% to $2,499,000.
01/09/2012 Price decreased by 4% to $2,399,000.
02/09/2012 Price decreased by 4% to $2,299,000.

http://streeteasy.com/nyc/sale/589465-coop-270-west-end-avenue-upper-west-side-new-york

Look at that monthly maintenance!

Regarding the Yacht, I'm not sure what I find more interesting-the fact that the maintenance is so high or the fact that they pulled a so very 2005 move and listed it for 50% more than they paid for it less than two years earlier.

Ah, yes--I'd forgotten about The Yacht. Thanks for the update.

gee whiz, that's ugly....

The Yacht! Still available. Yikes, talk about taste specific. I guess whoever is responsible for that look thought they were going to live there for about the next fifty years? Dreadful.

W81: Have you any idea why the maintenance is so high?

It's like asking how the foie Graz was 'grown'.... Just dig in. Enjoy the flavor of the buttery meat. The hint of salt and butter.

:)

Btw core got a stigfie on that one

its a duplexed combo with the new staircase taking up a ridiculous (or hilarious, depending on your viewpoint) amount of space. i believe earlier owner took three apartments and juggled rooms around leaving this mess behind.

I, for one love the Yacht, known around my house as the Costa Concordia. I would agree that the style is a bit harsh but the completness of it's execution speaks to a level of commitment that can not be ignored. If I was picking apartments for W67 this would be my pick. think of those crazy monthlies as docking fees. If the cc was under 3K/month I'd go see the place.
It's the existentialist in me, I yam what I yam and dats all dat I yam...I'm Popeye the sailor man...toot toot.
(Olive's going to love the place!)

The question in my mind about the Yacht is not what port of call it is at now in terms of docking fee, but where it is headed. It is up almost $750/month since it was listed in June, 2008. While that is not a huge increase percentage wise as that is a bit over 10% over 2.5 years (at a time where gas and crew expenses for boats all over the harbor have gone up quite a bit), it is a large absolute number. I think that the race is on as to whether the Yacht reaches the port of a new captain before the docking fee is over $7,000/month.

would like input as to the buildings and sales on Riverside -- Aldyn, Avery, Rushmore, Trump --any input as to vales and prices....also comments about the Element building? Appreciate feedback!

33 Riverside Drive #PHC: High maintenance trumps provenance.
07/09/2009 Listed by Sotheby's International Realty, Inc. at $4,200,000.
01/30/2010 Price decreased by 7% to $3,900,000.
04/06/2010 Price decreased by 10% to $3,495,000.
10/07/2010 Listing is no longer available.
01/31/2011 Re-listed by Sotheby's International Realty, Inc..
03/29/2011 Price decreased by 6% to $3,295,000.
06/24/2011 Price decreased by 12% to $2,895,000.
07/24/2011 Listing is no longer available.
08/13/2011 Re-listed by Sotheby's International Realty, Inc..
09/15/2011 Listing is no longer available.
12/05/2011 Listed by Brown Harris Stevens at $2,499,000.
01/10/2012 Price decreased by 8% to $2,299,000.
02/17/2012 Price decreased by 13% to $1,999,000.
http://streeteasy.com/nyc/sale/648931-coop-33-riverside-drive-upper-west-side-new-york

apt23 - Re. the maintenance at 270 WEA: monthlies are rather high throughout the building, especially for high floors and combinations. Combining three high-floor apartments is a recipe for eye-popping maintenance.

Chopped over 35% and I'd ay at least another 20% to go

http://streeteasy.com/nyc/sale/597173-coop-425-east-50th-street-beekman-new-york
08/16/2004
Previous Sale recorded for $(insiders only)
12/21/2007
Previous Sale recorded for $(insiders only)
04/05/2011
Listed by Stribling at $1,350,000.
06/02/2011
Price decreased by 7% to $1,249,000.
08/16/2011
Listing is no longer available.
09/01/2011
Re-listed by Stribling.
10/18/2011
Price decreased by 8% to $1,150,000.
02/17/2012
Price decreased by 13% to $999,000.

33 Riverside Drive #PHC
Maintenance: $8,532
7/9/2009 Listed by Sotheby's International Realty, Inc. at $4,200,000
2/17/2012 Price decreased by 13% to $1,999,000

oy to the vey

Brooks: That is the most unpleasant shade of green I have ever seen. I say it doesn't sell until they repaint.

DoooH!!!! 15% in 9 days!!! And more to GO!! 5c is listed at $799!!!!

02/15/2012
Listed by Corcoran at $1,025,000.
02/23/2012
Price decreased by 15% to $875,000.

http://streeteasy.com/nyc/sale/663395-coop-50-sutton-place-south-sutton-place-new-york

apt23, actually, the color is the least of the problem there! Of the three floors, two are belowground, and they are carpeted and the wall papers seem to be made of felt-like thick fabrics. Basement-level apartments encased in fabrics don't particularly sound healthy to me.

Almost 2 years on the market. When you don't price it right, it won't sell. Even if Inventories are low. It will get chopped with the market!
More to chop on this, still offered at a high $680psf.

http://streeteasy.com/nyc/sale/665991-coop-315-east-69th-street-lenox-hill-new-york

04/05/2010
Previously Listed by Halstead Property at $1,249,000.
06/10/2010
Halstead Property Listing is no longer available.
07/13/2010
Previously Listed by Prudential Elliman at $1,195,000.
04/01/2011
Prudential Elliman Listing is no longer available. Last priced at $1,149,000.
04/07/2011
Previously Listed by Halstead Property at $1,095,000.
12/27/2011
Halstead Property Listing is no longer available. Last priced at $995,000.
02/28/2012
Listed by Elegran at $975,000.

but brooksie, the bonus room has to be worth at least 300k!