The Park Millennium- Selling at 27x rental.... Get we get a CHOP... .say it with me Can We Get a GOOD CHOP

Good location but awful building. It's so freaking ugly. But what can I expect from NYC. The city is a decade behind Chicago when it comes to architecture. The Park Millennium would be an eyesore in Chicago and would be laughed at.

I looked at a small Central Park facing studio, among the block of apartments that JP Morgan sold to an investor, being re-offered in the low 400s in 2005. I didn't act, because the apartment needed work and was a small unit, but was impressed with the view and the location. I was later surprised that a similar unit was offered in the low 500s a year later. My guess is the unit would probably fetch in the low 400s now.

> The city is a decade behind Chicago when it comes to architecture

Yes, Chicago is ten years ahead of NYC in a RE crash...

what accounts for the ridiculous prices in this building?

dmeisterg, that's a great question. The location is nice, but the actual building is nowhere close to 15 central park west or time warner. The amenities are no better than other condos, so I really don't know why it's priced so high.

dmeisterg... stupidity could account for some of the mis-pricing and/or I kept taking out HELOC.. and now gotta sell for mortgage plus $500K to make a profit :) The sellers' names are Dumbass... that's Mr.Dumbass to you and me...

Cracker Boy, isn't that the very building where you claimed (from your mom's basement in Hammond) to live?

Cracker Boy, isn't that the very building where you claimed (from your mom's basement in Hammond) to live?