Even non-distressed sales are starting to look attractive!
Started by Trompiloco
over 17 years ago
Posts: 585
Member since: Jul 2008
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Of course I would still lowball by 20% and walk away if I don't get the reduction, but I think this sale price is indicative of how deep the downturn will be: http://www.streeteasy.com/nyc/sale/353135-coop-17-east-95th-street-carnegie-hill-new-york The apt. is sunny and has almost 1000 REAL sq ft. It's less than 1 block from Central Park and zoned for one of the best elementary schools in the... [more]
Of course I would still lowball by 20% and walk away if I don't get the reduction, but I think this sale price is indicative of how deep the downturn will be:
http://www.streeteasy.com/nyc/sale/353135-coop-17-east-95th-street-carnegie-hill-new-york
The apt. is sunny and has almost 1000 REAL sq ft. It's less than 1 block from Central Park and zoned for one of the best elementary schools in the entire city. And it's asking 870 per sq. ft. I mean, it could have easily been adverstised as 1200 or 1300 sq ft. and then people would be gushing about it being sold at 650 per sqft. If you lowball and get a 15% reduction then you would actually be buying that low. The maintenance isn't awful either.
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nice apt but 1st floor and no doorman. Surprised it's zoned for ps 6 -seems out of zone
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Response by cccharley
over 17 years ago
Posts: 903
Member since: Sep 2008
actually just checked the 6 map and it is not in the zone. It's the carnegie hill school which is not good
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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008
Definitely some issues, but a 2 bed in a mansion for under $900k? Thats something I haven't heard in years...
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Response by West81st
over 17 years ago
Posts: 5564
Member since: Jan 2008
cccharley: Good catch, sister. PS6 ends at the south side of 90th, right?
It's worrisome that Streeteasy had that wrong.
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Response by waverly
over 17 years ago
Posts: 1638
Member since: Jul 2008
Where can I find the listings of school zones and the rating of the schools?
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Response by cccharley
over 17 years ago
Posts: 903
Member since: Sep 2008
go to insideschools.org and search the schools by number then click on the map and it should show you the zone. West - it looks like it goes to 91st from park to fifth but it's hard to get an exact reading from the map. South side may be ps 6 on 91 and north may be 198 - which is not great unless you get into g & t and go to lower lab
cccharley and West81st - Thanks so much....I really do appreciate the help!
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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008
are you considering that high or low?
For a 2 bedroom, not really that far above average...
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Response by waverly
over 17 years ago
Posts: 1638
Member since: Jul 2008
$1600 common charges seems a bit high to me for a non-doorman building ($1.60/sq ft). I would have thought it should be closer to $1.30/sq ft or so without a 24 hour doorman.
a 50% increase in maintenance costs in 2 years? That seems a bit extreme, does it point to a badly managed board>
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Response by waverly
over 17 years ago
Posts: 1638
Member since: Jul 2008
bugelrex - It could have been a refi on their mortgage, major renovation or to build up low reserves. That does seem quite a jump though, so something happened.
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Response by happyrenter
over 17 years ago
Posts: 2790
Member since: Oct 2008
If the apartment really had "tranquil townhouse garden views," why would they have drawn the curtains in all the pictures? This apartment is going to be very, very hard to sell. It is basically a garden apartment with no garden. If it weren't in a "mansion" we would call it a basement.
Still vastly overpriced.
http://www.nybits.com/search/?_a!process=y&_rid_=6&_ust_todo_=65733&_xid_=71ckR7NU_I2TY6-1226415707&!!rmin=&!!rmax=&!!orderby=neighborhood&!!nsearch=upper_east_side&submit=+SHOW+RENTAL+APARTMENTS+
nice apt but 1st floor and no doorman. Surprised it's zoned for ps 6 -seems out of zone
actually just checked the 6 map and it is not in the zone. It's the carnegie hill school which is not good
Definitely some issues, but a 2 bed in a mansion for under $900k? Thats something I haven't heard in years...
cccharley: Good catch, sister. PS6 ends at the south side of 90th, right?
It's worrisome that Streeteasy had that wrong.
Where can I find the listings of school zones and the rating of the schools?
go to insideschools.org and search the schools by number then click on the map and it should show you the zone. West - it looks like it goes to 91st from park to fifth but it's hard to get an exact reading from the map. South side may be ps 6 on 91 and north may be 198 - which is not great unless you get into g & t and go to lower lab
Waverly: Here's the official tool.
http://schools.nyc.gov/FindASchool/AdvanceSearch.htm?level=01
Click on the "By Zone" tab and enter the address you want to check.
Anyone interested in the Upper West Side should check the various redistricting proposals at: http://schools.nyc.gov/Offices/Portfolio/News/District+3.htm
wow almost $1600 for CC
cccharley and West81st - Thanks so much....I really do appreciate the help!
are you considering that high or low?
For a 2 bedroom, not really that far above average...
$1600 common charges seems a bit high to me for a non-doorman building ($1.60/sq ft). I would have thought it should be closer to $1.30/sq ft or so without a 24 hour doorman.
http://www.streeteasy.com/nyc/sale/320202-coop-521-east-88th-street-yorkville-new-york
This one looks good too!
According to streeteasy, the maintaince 2 years ago was 1,083 for a similiar apartment 4R
http://www.streeteasy.com/nyc/sale/21329-coop-17-east-95th-street-carnegie-hill-new-york
a 50% increase in maintenance costs in 2 years? That seems a bit extreme, does it point to a badly managed board>
bugelrex - It could have been a refi on their mortgage, major renovation or to build up low reserves. That does seem quite a jump though, so something happened.
If the apartment really had "tranquil townhouse garden views," why would they have drawn the curtains in all the pictures? This apartment is going to be very, very hard to sell. It is basically a garden apartment with no garden. If it weren't in a "mansion" we would call it a basement.