When is 55 Wall Street coming back to earth?

i have no idea why 55 wall street is so expensive, given how lousy the location is. The prices are horribly inflated.

They do have a doorman to move the piles of garbage on their corner to the back of the building, but I don't think that's enough.

"Can a insider tell me how much these closed for in 2006?"

Why don't you spend the $10/month and be an insider yourself?

You can get the data for free looking at spreadsheets provided by the New York City government at: http://www.nyc.gov/html/dof/html/property/property_val_sales.shtml

Some of the older sales data doesn't contain the apartment number so you have to cross-reference the block and lot number using ACRIS at the following site: http://www.nyc.gov/html/dof/html/jump/acris.shtml

Streeteasy automated this data so you don't have to jump through all those hoops. I have an automated spreadsheet which does the same. Here are the results:

55 WALL STREET, 1 81,145 $20,000,000 3/15/2005
55 WALL STREET, 500 1,304 $40,000,000 3/15/2005
55 WALL STREET, 506 859 $978,962 11/22/2006
55 WALL STREET, 506 859 $1,300,000 5/21/2008
55 WALL STREET, 540 1,723 $2,324,146 3/6/2008
55 WALL STREET, 542 861 $983,914 11/15/2006
55 WALL STREET, 544 890 $1,128,528 2/11/2008
55 WALL STREET, 546 890 $1,195,733 12/5/2006
55 WALL STREET, 550 1,866 $2,366,147 1/11/2008
55 WALL STREET, 552 1,165 $1,807,393 11/28/2006
55 WALL STREET, 553 1,137 $898,561 2/12/2008
55 WALL STREET, 554 1,251 $1,591,455 8/24/2007
55 WALL STREET, 600 1,279 $1,840,764 7/17/2006
55 WALL STREET, 602 1,177 $1,547,463 5/3/2007
55 WALL STREET, 603 658 $717,992 8/3/2006
55 WALL STREET, 605 911 $1,031,354 3/24/2008
55 WALL STREET, 606 999 $1,333,264 11/8/2006
55 WALL STREET, 608 658 $809,635 6/19/2007
55 WALL STREET, 610 937 $1,182,286 11/7/2006
55 WALL STREET, 612 990 $1,305,887 7/27/2006
55 WALL STREET, 612 990 $100,000 3/21/2007
55 WALL STREET, 613 654 $753,909 7/21/2006
55 WALL STREET, 614 631 $867,514 10/31/2006
55 WALL STREET, 615 645 $744,351 8/30/2006
55 WALL STREET, 615 645 $775,000 1/31/2007
55 WALL STREET, 616 662 $865,361 10/31/2006
55 WALL STREET, 620 1,038 $1,353,466 12/26/2006
55 WALL STREET, 622 857 $1,198,026 9/15/2006
55 WALL STREET, 624 595 $747,824 7/19/2006
55 WALL STREET, 625 900 $1,032,118 3/24/2008
55 WALL STREET, 627 662 $730,742 8/15/2006
55 WALL STREET, 628 866 $990,694 8/18/2006
55 WALL STREET, 630 1,681 $2,530,713 11/6/2007
55 WALL STREET, 632 782 $1,182,868 7/25/2006
55 WALL STREET, 633 536 $660,278 10/31/2006
55 WALL STREET, 635 578 $698,092 8/29/2006
55 WALL STREET, 636 752 $1,083,126 8/10/2006
55 WALL STREET, 700 1,279 $1,851,964 12/1/2006
55 WALL STREET, 700 1,279 $10 4/6/2007
55 WALL STREET, 701 1,174 $1,617,423 8/23/2006
55 WALL STREET, 702 659 $743,379 7/19/2007
55 WALL STREET, 705 908 $1,057,019 9/18/2006
55 WALL STREET, 706 1,001 $1,274,575 8/24/2006
55 WALL STREET, 708 659 $892,553 1/3/2008
55 WALL STREET, 710 938 $1,202,073 11/7/2006
55 WALL STREET, 712 555 $810,960 10/25/2006
55 WALL STREET, 714 660 $896,305 10/25/2006
55 WALL STREET, 715 641 $770,085 9/18/2006
55 WALL STREET, 722 856 $1,279,554 9/25/2006
55 WALL STREET, 724 589 $855,157 8/3/2006
55 WALL STREET, 725 905 $1,057,227 3/24/2008
55 WALL STREET, 727 660 $743,310 9/1/2006
55 WALL STREET, 728 870 $1,059,658 8/2/2006
55 WALL STREET, 730 1,672 $2,583,065 8/10/2007
55 WALL STREET, 732 782 $1,182,257 11/7/2006
55 WALL STREET, 733 539 $691,636 8/3/2006
55 WALL STREET, 733 539 $814,600 8/10/2007
55 WALL STREET, 735 580 $723,409 8/7/2006
55 WALL STREET, 736 748 $1,134,316 9/12/2006
55 WALL STREET, 803 601 $767,772 9/14/2006
55 WALL STREET, 805 913 $1,120,637 10/25/2006
55 WALL STREET, 806 995 $845,000 3/27/2008
55 WALL STREET, 806 995 $1,381,908 3/29/2007
55 WALL STREET, 810 928 $1,274,120 9/1/2006
55 WALL STREET, 813 653 $790,465 6/26/2007
55 WALL STREET, 814 649 $871,355 10/26/2006
55 WALL STREET, 816 1,096 $1,451,263 12/13/2006
55 WALL STREET, 822 875 $10 12/7/2007
55 WALL STREET, 822 875 $1,237,504 10/25/2007
55 WALL STREET, 824 593 $853,860 4/5/2007
55 WALL STREET, 825 899 $1,121,621 10/25/2006
55 WALL STREET, 827 664 $777,545 10/25/2006
55 WALL STREET, 828 886 $1,084,003 8/30/2006
55 WALL STREET, 832 891 $1,251,677 3/26/2007
55 WALL STREET, 835 536 $711,191 10/31/2006
55 WALL STREET, 837 578 $749,004 10/11/2006
55 WALL STREET, 838 855 $1,279,623 10/11/2007
55 WALL STREET, 900 1,159 $2,088,386 3/10/2008
55 WALL STREET, 902 945 $1,594,973 7/1/2008
55 WALL STREET, 904 1,121 $1,755,002 7/26/2007
55 WALL STREET, 905 1,249 $1,634,105 2/11/2008
55 WALL STREET, 910 2,198 $2,535,540 8/24/2007
55 WALL STREET, 930 1,802 $2,655,062 4/9/2007
55 WALL STREET, 942 965 $1,269,498 4/19/2007
55 WALL STREET, 945 1,205 $1,672,800 3/28/2007
55 WALL STREET, 950 1,274 $2,457,152 5/11/2007
55 WALL STREET, 954 1,685 $2,766,669 8/16/2007

Sorry, titles didn't work, it's Apt.#, Sqft., price, sale date

Because jsmith9005, if you ask nicely, someone will provide it for you. Plus, I'm not seriously looking yet. This is more of a porn addiction than anything else. Lots of staring, but no touching. When I feel like prices are reasonable, I will look in earnest and become a insider.

I see apartment 715 is listed at a loss as we speak.

Closed 9/18/06 @ $770,085

Listed @ $745,126

For those of us that work on wall street, this might be a great time (in the next 12-24 months) to buy a property downtown if the street shrinks like I think it is going to.

#610 just cut their price $200k to $1.2 Million

They closed 11/7/06 for $1,182,286.

On the market for 135 days so far.

I'm guessing that a lot of properties are going to be short sales. How else will this property when the market tells them it's not worth $1,275 per ft?

apt 546: sold on 05/04/09 for $647,000 or $727/sq ft
apt 715: sold on 07/10/09 for $450,000 or $629/sq ft

45 active sales with average asking $1,303 sq ft

What is going on?

It's slowly coming back to earth.

I guess we'll have to see how long it takes asking prices to adjust to the recent sales.

Rentals: studios asking $3,500-$3,700/month?
It does not seem very realistic.
May be that they want to give the impression that you can really find a tenant for that kind of money?
I don't know, in my opinion it's a singularity in terms of pricing (asking vs feasible market price)

The rents are real Saul. Keep in mind most of the rentals at 55 Wall St are furnished and can be rented short term which usually increases the price.

Maybe they're using food stamps to afford it.

Looking at apts here. Any owners/tenants have thoughts? Are you happy or unhappy with the building? Any problems? The CC seem pretty high. Is the building worth it?

Looking at apts here. Any owners/tenants have thoughts? Are you happy or unhappy with the building? Any problems? The CC seem pretty high. Is the building worth it?

I'd say if you're the type of person who is going to use the amenities and find them practical on a day-to-day basis, then yes it's worth it. If the amenity package is not for you, then there are many other buildings in the area that have considerably lower monthlies. Recent sale prices now are comparable to most other Wall St bldgs, so it really comes down to how much do you see yourself taking advantage of what's included.

AND they are going to pay the first 6 months cc's. Thats huge b/c they are high.

Goldie,

I can only see the data for 2009-2010. Where do i get a download of listings going back to, say, 2005?

So if the building does well & the sponsor sells out, then the CC could come down. If the building does poorly, then then the CC could go even higher or the services may deteriorate? The CC here are so high that the re-sale market will be tough.

Is it a good time to buy now?

how about now?