Why is this apartment:
http://www.streeteasy.com/nyc/sale/326671-condo-408-eighth-avenue-chelsea-new-york
priced at $795,000, whereas the one BELOW it is priced at $949,000?
http://www.streeteasy.com/nyc/sale/354483-condo-408-eighth-avenue-chelsea-new-york
I particularly like the price history for 7A:
StreetEasy History
06/07/2007 Previously listed in StreetEasy by Halstead Property for $1,285,000
11/12/2007 Halstead Property listing unavailable at $1,225,000
03/07/2008 Previously listed in StreetEasy by Elliman for $1,250,000
09/09/2008 Elliman listing unavailable at $1,075,000
10/01/2008 Listed in StreetEasy by Halstead Property at $999,000
12/09/2008 Price decreased to $949,000
[less]
Response by duvravcic
about 17 years ago
Posts: 78
Member since: Jan 2009
Good morning, Steve.
Could this be a function of the conditions of the units? I've encountered these situations before--i.e., lower apt had MUCH higher quality finish (e.g., w/ Brazillian-whatever wood floors, Viking kitchen, etc.) compared to the higher-floor apt, which was in need of a good renovation.
In fact, from the listings you linked, 8A seems to have cheap, generic finishes from over a decade or two ago (no designers were involved there!), while 7A appears to have recently been professionally designed and "over renovated." I can see the price differentials making sense to some.
I do believe setting the price too high for "over renovation" can sometinmes backfire in soft markets, especially if there are direct comps within the bldg...
Ignored comment.
Unhide
Response by Apt_Boy
about 17 years ago
Posts: 675
Member since: Apr 2008
Stevie...you have posted this before...please, leave your studio and enjoy the snow!!!
Ignored comment.
Unhide
Response by stevejhx
about 17 years ago
Posts: 12656
Member since: Feb 2008
Not for this apartment I haven't. That I remember.
I have a 2-bedroom 2-bath apartment, and thanks - I was in the snow.
But I have lots of bankruptcy work to finish by Thursday....
Ignored comment.
Unhide
Response by w67thstreet
about 17 years ago
Posts: 9003
Member since: Dec 2008
yeah... stevie get out there... get some cardboard box and slide like there's no tomorrow... just make sure to stop b/f hitting 5th ave :)
Good morning, Steve.
Could this be a function of the conditions of the units? I've encountered these situations before--i.e., lower apt had MUCH higher quality finish (e.g., w/ Brazillian-whatever wood floors, Viking kitchen, etc.) compared to the higher-floor apt, which was in need of a good renovation.
In fact, from the listings you linked, 8A seems to have cheap, generic finishes from over a decade or two ago (no designers were involved there!), while 7A appears to have recently been professionally designed and "over renovated." I can see the price differentials making sense to some.
I do believe setting the price too high for "over renovation" can sometinmes backfire in soft markets, especially if there are direct comps within the bldg...
Stevie...you have posted this before...please, leave your studio and enjoy the snow!!!
Not for this apartment I haven't. That I remember.
I have a 2-bedroom 2-bath apartment, and thanks - I was in the snow.
But I have lots of bankruptcy work to finish by Thursday....
yeah... stevie get out there... get some cardboard box and slide like there's no tomorrow... just make sure to stop b/f hitting 5th ave :)