50 East 72nd Street #3A in Lenox Hill

I think its great, great area, (a bit noisy though). If your lifestyle requires you to be in the area and the size of apt works, then go for it. But, if you pay more than 1200psf, I will personally hunt you down like a rabid dog and sell you some swamp land.

1200 psf??!?! this thing went on the market today for 2000psf! it is on the third floor, it doesn't have a park view of any other particularly distinguishing features, the maintenance is not low. You would be paying 17000 per month to live in an apartment that you could rent for, I'm guessing 8000 (or less).

MAYBE $1.4 million.

happyrenter: I agree completely with you. I maybe wasn't clear enough. That would be my number for sanba if they wanted it today. We know owners and brokers are still clueless. By Spring time your number will be more accurate.

Is there a floorplan somewhere? Tough to opine on price without one.

I recall sanba really values being further west on the UES, so this location does command a premium.

I guess I'll be prepared to pay up to $1000 psf for a 3-4 bedroom in worse locations on the UES in 2 years if the prices don't go lower than that (obviously hoping they do, and pay $700psf). So if you're expecting the market to tank, $1000psf for this location seems reasonable. If you expect it to slow down but not tank, $1200 psf is not crazy.

Just my opinion.