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2166 Broadway

Started by sideline_searcher
almost 17 years ago
Posts: 33
Member since: Jun 2008
Discussion about
http://www.streeteasy.com/nyc/sale/371032-coop-2166-broadway-upper-west-side-new-york can anyone tell me why these apts seem to be selling at a decent discount and still haven't been sold? What am I missing here?
Response by Special_K
almost 17 years ago
Posts: 638
Member since: Aug 2008

have u seen the apartment? u should only ask these types of questions if you spent the time to see the place. i haven't, but from what i can see its not selling at a discount. First of all, square footage is closer to 800. The maintenance is on the high side, especially for the real size of the place. Also, the bedrooms are narrow. Finally, I bet since the bathrooms are not pictured that they need work.

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Response by columbiacounty
almost 17 years ago
Posts: 12708
Member since: Jan 2009

also, that's got to be one of the worst layouts for a 2 br....goodluck if you're sleeping in the far bedroom and need to use the bathroom in the middle of the night. and all this for a mere $875 K. At some point, it would seem like value has to enter the equation.

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Response by bb10024
almost 17 years ago
Posts: 164
Member since: Dec 2008

this building always seems to be slightly discounted.. most to the apts have odd floor plans.. the halls are a bit rundown.. and maybe because is it right on broadway? could even be the financials?

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Response by sideline_searcher
almost 17 years ago
Posts: 33
Member since: Jun 2008

I am going to check it out on Sunday, and will keep you posted on the layouts.

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Response by lizyank
almost 17 years ago
Posts: 907
Member since: Oct 2006

based on the layout I wouldn't be surprised if the second bedroom wasn't created from the living/dining room space. Location makes no sense vis a vis bathrooms.

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Response by Trompiloco
almost 17 years ago
Posts: 585
Member since: Jul 2008

I disagree with Special K in regard to maintenance. It's actually quite low. But I don't see how 875K could be fair for a small 2BR with an odd layout. It sold for 810K in 2006, probably in unrenovated condition. But we're now back to 2004 prices and going further down as we speak. So I would say this is now worth 700K and it will be 650K in 6 ms.

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Response by Trompiloco
almost 17 years ago
Posts: 585
Member since: Jul 2008

Oops, sorry, I was confused in regard to maintenance. It is not low. Meanwhile, you have another apt. in the same building #5F which is slightly bigger and with better layout, for 20K less.

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Response by duvravcic
almost 17 years ago
Posts: 78
Member since: Jan 2009

I think the apt has a very nice split layout, and it looks like a nice place. Also, Trompiloco, I *still* feel that the maintenance is COMPLETELY reasonable for a 2BR/2BA in this type of bldg/location for the assumed squarefootage.

I don't get the sense that it's either over-priced or bargain priced--and it should go lower in the current market.

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Response by aboutready
almost 17 years ago
Posts: 16354
Member since: Oct 2007

5F has a much better layout. If the floor plan is accurate, the bedrooms are much larger.

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Response by always
almost 17 years ago
Posts: 26
Member since: Jan 2009

Answer: The Harrison took away all views off all eastward-looking apartments, and most of the south-looking apartments with eastern bedroom exposures.
Also, the privacy is gone. too. I saw a place there more than a year ago, with spectacular terrace overlooking Broadway. Well, that terrace is now literally 5ft away from The Harrison window.

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Response by aboutready
almost 17 years ago
Posts: 16354
Member since: Oct 2007

That makes sense. There's a tremendous amount of transaction activity over the last year or so, and you often see that when building is occurring nearby. Even the apartments that don't lose their light/views suffer for at least awhile as a result of reduced pricing.

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Response by ellieworld
almost 17 years ago
Posts: 21
Member since: Nov 2008

And what is going on with 7B? That awkwardly divided "bedroom" in the living room is making me sad...

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Response by liquidpaper
almost 17 years ago
Posts: 309
Member since: Jan 2009

From memory only two elevators in this building for A LOT of apartments . . . very slow up & down - which can get annoying

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Response by drg
almost 17 years ago
Posts: 77
Member since: Apr 2007

We have looked at a lot of apartments in this building.

When it was converted it was gutted. Thus, although it is a prewar, most of the apartments (that is, the ones that have not been subsequently renovated) were stripped of their prewar details. Closets now have those icky fold out doors...no mouldings...parquet wood floors, etc. The apartments feel like postwars. In addition, the layouts are for the most part strange, and the rooms are small.

Also, if you had an eastern view, it is now gone thanks to the Harrison.

This apartment is more like 850 square feet and the maintenance *is* high.

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Response by NWT
almost 17 years ago
Posts: 6643
Member since: Sep 2008

Just dug out the Opera's sales brochure, apparently from the 1980s. It'd been a hotel, and before that a Mormon residence, so there's the usual awkwardness when small 1920's hotel rooms are stripped, combined and reconfigured. The 17-20 E line was built with the second bedroom isolated from its bathroom. On 4-15 (where that line is two bays wider and called F) the second bathroom is where it should be. It looks as if there're three elevators up to 15 or 16, then only one to the higher floors. 19E was going for $98K, with maintenance of $513, on the old price list.

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Response by happyrenter
almost 17 years ago
Posts: 2790
Member since: Oct 2008

let's see....high maintenance, no view, mediocre building, horrible bathroom positioning, windowless kitchen and baths, and medium-end finishes all for the bargain price of 875k! please. you can get an entire classic six in pretty good shape in a nice building at west end and 97th street for $1.2. this is no bargain.

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Response by NWT
almost 17 years ago
Posts: 6643
Member since: Sep 2008

Right. Another odd thing is the kitchen. Where it's open to the living room, and in that market, those routed-MDF cupboards don't cut it. They'd be fine for a working kitchen, but not this one. It's as if the seller thought granite and stainless steel, now in every HGTV tract-house remodel, would distract the buyer from seeing crap. Now that I'm on a rant, the seller should've spent 15 minutes with a screwdriver and fixed those misaligned drawer and cupboard fronts before the photos were taken.

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Response by melb
almost 17 years ago
Posts: 2
Member since: Jan 2009

opera b line resident here

I feel as though the mentioned listing is priced according to how the market is taking shape, but the owner should be prepared and happy with 750-800k.

- the building itself is admittedly quirky, but the location cannot be beat- particularly if you have a young family like myself as you are w/in 5 city blocks of 3 of the best NYC food stores and PS 87- this is why the building is flooded with young families like mine. A lot of people in the building have suffered due to the Harrison construction- particularly the units that face east- the A & B lines got off the easiest as no views have or will be changed as they face Broadway to begin with. The building has no amenities except for storage - but has a good staff and is run efficiently- yes, the lobby and hallways aren't that great, but they are working on a lobby renovation currently that will add some more glamour and coincide with the facade of the building. In my opinion, this building is a bargain as a whole if you need 2 or more bedrooms and the maintenance is pretty average.

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Response by Anon101
almost 17 years ago
Posts: 28
Member since: Jan 2007

With another apt coming on there are now 5 on the market. I have to imagine that the 2BR are going to track each other

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Response by NWT
over 13 years ago
Posts: 6643
Member since: Sep 2008

Ten months later, it sold:

10/28/2009 Sale recorded for $770,000

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