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Can I now say that prices are declining in the Prime Village?

Started by happyrenter
about 17 years ago
Posts: 2790
Member since: Oct 2008
Discussion about
I have been accused of jumping the gun, so let me just say that prices in the G line of 299 West 12th Street appear to be on the wane. http://www.streeteasy.com/nyc/sale/231814-condo-299-west-12th-street-west-village-new-york 12G has just been reduced to 1.595. Keep in mind that this is a real view apartment, and so in this line the relevant comps are 9 and 11; 4 and 6 are really not comparable apartments, but I include them anyway. 09/12/2007 #4G $1,592,000 08/03/2007 #9G $1,850,000 05/30/2006 #11G $1,440,000 10/11/2005 #6G $1,325,000 By the way, I used to live in this building, and this apartment is still grossly overpriced.
Response by happyrenter
about 17 years ago
Posts: 2790
Member since: Oct 2008

Sorry, everyone, I realize that this thread accidentally got posted 3 times.

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Response by sticky
about 17 years ago
Posts: 256
Member since: Sep 2008

Since you lived in that building, what do you think is the correct price?

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Response by streakeasy
about 17 years ago
Posts: 323
Member since: Jul 2008

let's start at 925k!

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Response by happyrenter
about 17 years ago
Posts: 2790
Member since: Oct 2008

it's hard to say--this is one of the most coveted buildings in the city and prices in recent years have been through the roof. I think 900k would bring it in line with rents in the building, but I think the rentals are overpriced...

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