433 East 74th Street - Lux 74

the upper East Side is the Upper East Side a little too far East but well built, great finishes and good investment, look at the number of units. Definitely a good buy in this market.

looks like there have already been short sales. 4b and 5a. good location for the doctors but probably too expensive for most of them.

What are your thoughts on #1C? It seems very unique. I have been looking at condos all over NYC for over a year. This is the first one to have the "wow" factor. However, given the current market don't you think it could be had for $7.5m?

That private pool is definitely a "wow" factor in unit #1C, and 7.5m sounds very reasonable. Of course, it does have the common charges to match...

The pool in #1C is amazing, especially if you like living on the ground floor with no view or light. If you breath through gills its a plus. The unsold 3br, I think, on 6 is great. Nice layout and outdoor space. I just hate that there is no dininig room or eat in kitchen. You will be taking your meals in the square living room. Other that that I only wish I could afford this apartment. The penthouse is a prize. I'm not going to comment on the price because that is another story but the apartment...it kicks ass. The out door space is huge and includes an outdoor gas fireplace. The view from the penthouse has the feel of Paris. I not a big fan of the living room/kitchen/dining room combo but, in this place it works. I think for the money you might be able to do better. It still does not diminish the excellent design of the penthouse. A truly great property.

andrew madoff, the son of bernie madoff (i believe), bought here.

You would think with a $150b budget he could have done a little better. Yes, a rooftop pool would be amazing. However, that will cost $20m in NYC. To me unit 1C screams bachelor pad. I saw it at a recent open house and the finish out is top notch. While you may think "windowless huge room" for the basement, that is not really the case. It comes off as a very warm well planned space. Really, I think this is what I have been holding our for. It has the outdoor space I have wanted. The other options are in the American Express Building @ 157 Hudson. There great units, one white box, that could be a great property. Just no outdoor space less the $24m penthouse (with outdoor rooftop pool no less)!

What are the feelings of the group of this one (433 East 74th #1C)? This price point is slow but a 30% reduction? I could see 10-15% with a cash offer. No plans to make a move until May. My rental is not up until Sept. so I can wait them out. lol Come on DOW 6,000! Maybe then I can be added to the list of people poaching high end units for fire sale prices.

nolajew,
Hate natural sun light? Sleep in a coffin all day? Going to the Transylvania High School reunion?
This is a beautiful place...just dark...dark dark dark. This apartment is good for the upwardly mobil couple with a mixed marriage. She's a cooperate lawyer he's a fish. They met on vacation scuba diving. The pool is good because they have yet to decided how to raise the kids. If you buy the place can I come over for a swim? Tell you husband it will be cool...I'm a Vegan...no worries...

Oh we could be great friends.

Wondering what the price for the Penthouse should really be ? It is a great space, especially the main living area and obviously the larger terrace. However, the apartment has few closets or storage space. One bedroom with a tiny closet, a master bedroom with one average size walk in closet and one bedroom with no closet at all ! Love the looks of the apartment, but it is not a practical space. Despite the penthouse status, it is the 7th floor on a busy street near York Avenue. 3.9 seems high. Can anyone help ?

What about this one? They just lowered the price again:

04/25/2008
Previously Listed in StreetEasy by Corcoran at $3,100,000.
05/08/2008
Listed in StreetEasy by Core Group Marketing at $3,100,000.
08/11/2008
Delisted by Corcoran.
02/20/2009
Price decreased by 7% to $2,895,000.
04/14/2009
Price increased by 3% to $2,970,000.
05/20/2009
Price decreased by 19% to $2,400,000.

The same people built and sold Legacy at E 84th St. You could look it up on SE. It is reasonably well designed and used very good materials, but it definitely caters to a very small circle of people, and those who bought there are getting hammered in resale attempt. And, the ground floor/basement units were ultimately sold at deep discounts--I saw them and did not think if there would be anybody in the right mind would buy at the initial offering price. The first floor unit at Lux is definitely a bachelor pad, not for family. Lux is not selling well. Anybody who is interested should wait for further price cuts.

"Definitely a good buy in this market." Nice call, BiancoMike!

Update 433 E 74th
My broker called to make an appointment and they told her it's in contract.

#1C has gone off the market, yet again. Some have heard it is going to be re-listed on sunday with a big photo spread. Like that is what is going to sell it. I still hold it will be sold by year end for $6m, hopefully to me. The building is all but sold out at this point so let's close it out guys. You will never get the $8.2m

Call me when they're under $1k psf.

gonna happen...shopping for a new pair of swim trunks for the house warming.

Oh no! It's a clothing optional pool.

Can't wait to hang out with you. (pun intended)

Why hasn't anyone bought this property already? It seems like a good buy to me considering the square footage and uniqueness.

Someone did. The ponzi-schemer Kenneth Starr bought it in April: http://www.nytimes.com/2010/06/07/business/07starr.html

Then last month he borrowed $4,000,000 against it.

Problem for the condo is, his CCs are 21% of the total, and the other owners will have to cough that up until the resale.

oh damn, he didn't do that to the Black Mamba, did he?

Seems the friendly United States Government really liked this unit as well. In New York, case # 1:2010cv04290 they filed for and were just award said property as a forfeiture. Does anyone know Uncle Sam's Estate Agent?

If the gov't also ends up getting their hands on the Andrew Madoff unit maybe they can repurpose the space. The FBI could probably use an Upper East Side branch office to keep a closer eye on the Ponzi schemers in the neighborhood

Just for fun- what do you think the govt ends up selling it for? I say about 3mm

$3m!? That will never happen. Maybe in the $5m-$6m range. The Madoff unit has gone off the market this week.

Auction is today thought about it but it's 5 blocks from where it should be And there is terrible lighting

Sold for 5.6m

Bravo nolajew