How do you explain this sale? Sounds pretty high to me

no square footage, but my guess is this is a very large 2 bedroom (says full dining room and multiple bedrooms). Talks about major reno. If it has speakers in wall, this is probably a top to bottom.

So, figure its minimum 1200 square feet, maybe 1400.

$1k psf nowadays isn't so far off, when stuff like this used to do much better...

Same line, higher floor sold for less in 07 though

Is the price given the price that it actually closed at - or just the last offer? I'm more an UWS person - so can't really give an opinion on price (except that it's a little rich for my blood).

It's the price it closed at. I know the area well and I am surprised they got that price. Would be helpful for me to get some intel on this.

Take another look: "12/30/2008 Sale closed for $1,375,000"

Still higher than 2007...

If you find anything out I'd be interested in hearing . . .

It really bothers that unless you are down on real estate, you get very little response. I am trying to get some market intel on this board.

Its a nice apartment. I think the price is high for what I've been seeing, but without knowing how large it is its hard to give real answers. I would assume it is 1300-1400 sf, so we are talking about around $1,000/sf, which is high, but it is also a premium mint apartment. Hey, some people find an apartment, love it, and are willing to pay a bit more for it. If the buyers are planning in staying for a long time, it might not matter if they paid 100k too much.

Now, based on what I've been seeing on the UES, the price per sf is really about $850 right now for a decent 2 bedroom coop, and a little more for a condo.

Reality is that for all the talk about rising inventory, there is a lot of crapy 2 bedrooms on the market and not that many nice ones.

Interested in hearing others thoughts as well since this is the area I'm looking in.

you want market intel...watch, wait, listen..the hills have eyes and the walls have ears...I see RE every week....Agents are getting soft, losing their edge. I had one lady comment about a dog in an apartment. She went up to pet the dog and said.."hey boy, I havn't seen you in so long, how have you been, remember me?" How many showings you think she has had recently.

I second UES-Buyer's thoughts. In the realm of pre-war renovated coops west of Third, it is a five-room apt. that traded at a peak 4-room price. It was probably just the perfect fit, for whatever reason, for this particular buyer.