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255 West 90th - price trajectory for 9-room line

Started by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008
Discussion about
http://www.streeteasy.com/nyc/building/255-west-90-street-manhattan 5C - now asking under 3 12C,7C closed very recently for much more. Two years ago, apt 41 (which is similar to 5C) in "estate" condition sold for mid-2s.
Response by happyrenter
over 17 years ago
Posts: 2790
Member since: Oct 2008

this looks like movement but it is a bit hard to tell. 7C has a completely different layout, and 12C looks like a really magnificent renovation, plus a 7 floor difference could be a huge difference in light and views. but interesting nonetheless.

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Response by tina24hour
over 17 years ago
Posts: 720
Member since: Jun 2008

Cripes that's a beautiful apartment. ANd the maintenance seems reasonable for all that space. Does anyone know the building?

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Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008

I've been to most of the open houses in the building. It's very maintained - beautiful marble lobby and stairs. Full-service, etc. We can't move up there because of school zone issues. I believe that C is the biggest line in the building. The building was, and is, mostly large family-sized apts with the exception of apts that may have been split up in the past and remained that way.

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Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008

What drew me to the building is the facade. It's a deep red, with Juliette balconies on some floors, and "Beaux-Arts" type styling.

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Response by stevejhx
over 17 years ago
Posts: 12656
Member since: Feb 2008

Only $19,000 a month. I'll take 2.

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Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008

This is the time to low-ball aggressively. Would bid low 2s.

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Response by PMG
over 17 years ago
Posts: 1322
Member since: Jan 2008

This is an absolutely beautiful building that I always admire when I'm walking along Broadway. I cannot relate to the prices of family sized apartments today. I live in the neighborhood only because I bought 10 years ago.

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Response by tina24hour
over 17 years ago
Posts: 720
Member since: Jun 2008

stevejhx - You're right - $19,000 a month is crazy! Why own when you can rent a 9-room on the UWS for, um, $19,700:
http://www.streeteasy.com/nyc/rental/413523-coop-12-west-72nd-lincoln-square-new-york

or $19,500:
http://www.streeteasy.com/nyc/rental/424621-w-67-upper-west-side-new-york

or pay an extra six grand for the views:
http://www.streeteasy.com/nyc/rental/142075-condo-190-riverside-drive-upper-west-side-new-york

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Response by West81st
over 17 years ago
Posts: 5564
Member since: Jan 2008

I've seen #5C - wrote it up a couple of months ago. It's habitable, but to really make the most of it would be an expensive job. Basically, the drop below $3MM suggests some movement in this sector, but so far nothing dramatic.

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Response by newbuyer99
over 17 years ago
Posts: 1231
Member since: Jul 2008

Doesn't work for us due to the location, lack of private outdoor space or style of the apartment (unless we take West 81st's suggestion and redo everything). But it's enormous, and if you can really get it for $2MM or a bit more, that's got to be pretty compelling for someone for the size. Most of the stuff we've seen priced in the low 2's is 30-50% smaller.

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