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If You Can Demonstrate Market Movement With Comps: Upper East Side Edition

Started by West81st
almost 17 years ago
Posts: 5564
Member since: Jan 2008
Discussion about
As discussed on the original "IFYCDMMWC" thread, please post comp sets on the relevant neighborhood-specific thread. This discussion is for UPPER EAST SIDE properties.
Response by NWT
almost 16 years ago
Posts: 6643
Member since: Sep 2008

One-bedroom line at http://streeteasy.com/nyc/building/imperial-house

03/05/2010 #20D $1,035,000 (down 6% from 2006 basis)
10/09/2009 . #6D . $815,000
05/13/2009 #16D . $875,000 (down 8% from 2005 basis)
08/15/2007 #17D . $995,000
11/29/2006 #20D $1,100,000
12/19/2005 #11D . $890,000
09/12/2005 #16D . $950,000

Higher floors clear Hunter College across Third Ave. The $1.5M sale listed by SE as 9D is actually 19L.

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Response by NWT
almost 16 years ago
Posts: 6643
Member since: Sep 2008

Oops, Lexington, not Third.

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Response by West81st
almost 16 years ago
Posts: 5564
Member since: Jan 2008

1230 Avenue #17E: Renovated six at the northern edge of prime Carnegie Hill. Now asking about 6% less than 2006 basis.
12/21/2006 Previous Sale recorded for $1,904,500.
01/26/2010 Listed by Prudential Elliman at $1,995,000.
03/16/2010 Price decreased by 10% to $1,795,000.
http://streeteasy.com/nyc/sale/491782-coop-1230-park-avenue-carnegie-hill-new-york

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Response by West81st
almost 16 years ago
Posts: 5564
Member since: Jan 2008

983 Park Avenue "C" line. South-facing ten, often converted to nine by merging one of the three servants' rooms into the kitchen. #8C is a bizarre bubble sale: it's about 250ft² smaller than the standard "C" footprint, having lost a large bedroom to #8D; and the handsome renovation seems to have been somewhat superficial, since AC was still provided by window units at the time of the sale. #10C was more of an art gallery than a home. Among the recent closings, superior condition and higher floor probably account for most of the pricing gap between #14C and #3C, which was a wreck. Both look like pretty good buys in their respective categories.
-------- Recorded Sales -------- | -------- Previous Listings --------
02/24/2010 #14C $5,750,000 - 4.1% |↓ $5,995,000 Sold 4 beds 4 baths 3,500 ft²
01/14/2010 # 3C $4,450,000 - 5.2% |↑ $4,695,000 4 beds 3 baths 3,550 ft²
10/22/2007 #10C $6,700,000 - 4.2% | . $6,995,000 Sold 4 beds 3 baths
06/18/2007 # 8C $7,525,000 +15.8% | . $6,500,000 Sold 3 beds 4 baths
06/28/2006 # 4C $4,900,000 - 6.7% |↓ $5,250,000 4 beds 4.5 baths
06/18/2004 #11C $5,850,000 - 6.4% |↓ $6,250,000 4 beds 4.5 baths
http://streeteasy.com/nyc/building/983-park-avenue-manhattan
By the way, some floorplans erroneously show the "C" line facing north.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

325 East 77th Street "H" line: Well laid-out 2/2 in a non-doorman building. footprint apears consistent despite variations in reported square footage. #2H was renovated between sales. No evident condition problems in #3H, so this looks like a 25% drop on a bread-and-butter 2BR.
-------- Recorded Sales -------- | -------- Previous Listings --------
03/15/2010 #3H .. $865,000 - 1.1% | .. $875,000 Sold 2 beds 2 baths 1,150 ft²
10/06/2008 #2H $1,150,000 - 8.0% | $1,250,000 Sold 2 beds 2 baths 1,100 ft²
10/12/2007 #5H $1,125,000 - 5.9% | $1,195,000 Sold 2 beds 2 baths
12/06/2005 #2H .. $901,500 - 5.1% | .. $950,000 Sold 2 beds 2 baths
06/09/2004 #5H .. $780,000 - 5.9% | .. $750,000 Sold 2 beds 2 baths 1,350 ft²

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Response by dwell
over 15 years ago
Posts: 2341
Member since: Jul 2008

not totally applicable, but they're opening $417,000 (about 25%) below the most recent sale on 12-6-07; how low will it go?

1000 Park Avenue (corcoran didn't publish apt #)
1,100 ft² ($1,145 per ft²)
3.5 rooms: 1 bed, 1 bath, 1 half bath
Maintenance: $1,224

12/06/2007 Previous Sale recorded for $1,677,000.
03/20/2010 Listed by Corcoran at $1,260,000.

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Response by sidelinesitter
over 15 years ago
Posts: 1596
Member since: Mar 2009

re: 1000 Park, the apt is #8H

12/06/2007 #8H $1,677,000

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

116 East 63rd Street #3D: Attempted same-unit sale of a renovated 8-into-6 co-op, now asking 13% less than 2008 basis.
06/03/2008 Previously Listed by Stribling at $3,150,000.
09/10/2008 Previous Sale recorded for $3,045,000.
11/05/2009 Listed by Prudential Elliman at $2,995,000.
03/31/2010 Price decreased by 12% to $2,650,000.
http://streeteasy.com/nyc/sale/476879-coop-116-east-63rd-street-lenox-hill-new-york
This listing is bracketed by disastrous comps, especially #2D:
http://streeteasy.com/nyc/sale/343473-coop-116-east-63rd-street-lenox-hill-new-york
http://streeteasy.com/nyc/sale/462940-coop-116-east-63rd-street-lenox-hill-new-york

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

At 116 East 63rd, #9D probably isn't helping #3D either.
http://streeteasy.com/nyc/sale/353075-coop-116-east-63rd-street-lenox-hill-new-york

Sidelinesitter/dwell: 1000 Park #8H apparently set off quite a bidding war in 2007; the sale price of $1.677MM was 12.2% above the $1.495MM ask. There's no sign of distress behind the new listing, though - just an unexpected change of plans.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

245 East 72nd Street #8C: Same-unit resale (by the owner's estate) of a renovated 4.5-room pre-war coop, 24.5% below 2007 basis.
04/13/2007 Listed by Classic Realty at $1,300,000.
07/11/2007 Previous Sale recorded for $1,323,725.
05/30/2009 Listed by Trump at $1,295,000.
10/29/2009 Price decreased by 8% to $1,195,000.
03/23/2010 Sale recorded for $999,950.
http://streeteasy.com/nyc/sale/416532-coop-245-east-72nd-street-upper-east-side-new-york

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Response by trotter
over 15 years ago
Posts: 10
Member since: Aug 2009

1035 Fifth Avenue 10E sold for $1.95mm 3/30/10

http://streeteasy.com/nyc/sale/367463-coop-1035-fifth-avenue-upper-east-side-new-york

14E sold for $2.5mm 6/25/07

http://streeteasy.com/nyc/sale/72370-coop-1035-fifth-avenue-upper-east-side-new-york

10E in better condition then 14E which should at least balance out the 4 floor difference.

22% below peak comp

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

i didn't see this anywhere. apologies if it's a repeat. 315 east 69th, 2/2.5 with wrap terrace. because of hyphens used in the past (i'm posting the earlier listing as it has the prior sales price) this doesn't show current status.

in contract as of 01/10, last listed at $1,550,000. don't know who did the renovations, look newish.

http://streeteasy.com/nyc/sale/103760-coop-315-east-69th-street-lenox-hill-new-york
09/14/2004Previous Sale recorded for $1,500,000.
09/05/2007Listed by Halstead Property at $2,495,000.
12/17/2007Listing is no longer available.
04/08/2008Re-listed by Halstead Property.
04/15/2008Price decreased by 4% to $2,395,000.
07/22/2008Price decreased by 12% to $2,100,000.
02/06/2009Listing is no longer available.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Interesting pattern for the classic-six A-line at http://streeteasy.com/nyc/building/875-5-avenue-manhattan

01/31/2003 #07A $1,612,500
11/29/2004 #11A $2,250,000
09/20/2005 #10A $2,850,000
04/09/2008 #06A $3,200,000
08/06/2008 #10A $4,800,000
03/25/2010 #08A $2,825,000

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Response by lizyank
over 15 years ago
Posts: 907
Member since: Oct 2006

Looks like 8A probably needs renovation (no kitchen or bath photos in listing--two pictures out of three are of exterior, that to me generally is a red flag on apartment condition). 10 A is renovated (not my taste but I'm not in the $5MM apartment market). So question becomes of $2MM difference how much is market condition and how much is apartment condition. For a normal apartment I'd say a renovation would probably be $400-500 unless you really had to gut to studs. But Fifth Avenue could be very different. What do you think NWT?

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

1111 Park Avenue #3E: This Carnegie Hill five was a prolific price-chopper; closed on March 12th, 15.4% below 2005 basis. Timing of renovations is unclear.
06/24/2005 Previous Sale recorded for $1,950,000.
09/26/2007 Listed by Prudential Elliman at $2,795,000.
10/19/2007 Price decreased by 4% to $2,695,000.
11/26/2007 Listing is no longer available.
04/14/2008 Re-listed by Prudential Elliman.
05/20/2008 Listing is no longer available.
08/07/2008 Re-listed by Prudential Elliman.
08/07/2008 Price decreased by 4% to $2,595,000.
10/26/2008 Delisted temporarily.
01/28/2009 Re-listed by Prudential Elliman.
01/28/2009 Price decreased by 8% to $2,395,000.
03/31/2009 Price decreased by 4% to $2,295,000.
04/17/2009 Price decreased by 4% to $2,195,000.
06/08/2009 Price decreased by 9% to $1,995,000.
07/21/2009 Price decreased by 5% to $1,895,000.
09/22/2009 Listing is no longer available.
10/09/2009 Re-listed by Prudential Elliman.
11/04/2009 Price decreased by 4% to $1,825,000.
11/18/2009 Price decreased by 3% to $1,775,000.
01/07/2010 Listing entered contract.
03/12/2010 Sale recorded for $1,650,000.
http://streeteasy.com/nyc/sale/110117-coop-1111-park-avenue-carnegie-hill-new-york

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

One further note on 1111 Park: Although #2E isn't directly comparable to #3E because of two added rooms, their histories have much in common:
03/14/2008 Listed by Sotheby's International Realty, Inc. at $3,950,000.
04/22/2008 Price decreased by 5% to $3,750,000.
08/25/2008 Listing is no longer available.
11/05/2008 Re-listed by Sotheby's International Realty, Inc..
01/11/2009 Price decreased by 7% to $3,500,000.
04/18/2009 Listing is no longer available.
05/22/2009 Later Listed by Sotheby's International Realty, Inc. at $2,495,000.
09/10/2009 Sale recorded for $2,225,000.
http://streeteasy.com/nyc/sale/193434-coop-1111-park-avenue-carnegie-hill-new-york

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

lizyank, right, 8A being "custom-designed", and the LR picture, came across as being more like "dated and taste-specific".

The $4.8M for 10A is the puzzler, though. It would've gone to contract about the same time 6A closed for $3.2M, and there're just not enough factors to account for the difference. Except plain old "I want this one."

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

pretty 2/2 in PS6.

http://streeteasy.com/nyc/sale/463634-coop-179-east-79th-street-upper-east-side-new-york
07/01/2005Previous Sale recorded for $1,100,000.
09/16/2008Previously Listed by Stribling at $1,450,000.
07/22/2009Stribling Listing is no longer available. Last priced at $1,145,000.
09/17/2009Listed by Sotheby's International Realty, Inc. at $1,250,000.
10/24/2009Price decreased by 4% to $1,195,000.
01/13/2010Listing entered contract.
03/30/2010Listing sold.
03/30/2010Sale recorded for $1,065,000.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

unit 7c, same unit resale of a 3/3 condo. can't tell who renovated.

http://streeteasy.com/nyc/sale/440457-condo-134-east-93rd-street-carnegie-hill-new-york

08/15/2005Previous Sale recorded for $1,320,000.
06/15/2009Previously Listed by Nestseekers at $1,699,000.
07/25/2009Listed by Corcoran at $1,350,000.
09/22/2009Listing entered contract.
10/14/2009Nestseekers Listing is no longer available.
03/26/2010Listing sold.
03/26/2010Sale recorded for $1,250,000.

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Response by sidelinesitter
over 15 years ago
Posts: 1596
Member since: Mar 2009

AR - I looked at a C line apartment in this building - might have been 11C - when we were buying in 2003. Pretty nice building in so-so location, including a zoned public school that is usually not desired.

I just looked in the Dept of Finance rolling sales update for 2003, which gives some 2003 price history in the line, including the previous previous sale of 7C. $400k was a nice pick-up for the 2003 buyer in only 20 months of ownership.

#7C 12/18/03 $926,608
#11C 08/25/03 $916,425
#12C 06/11/03 $1,025,000

#12C resold for $1,775,000 in the summer of 2008, which was the peak comp in the line. Ouch.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

1230 Park Avenue "D" line: Essentially identical corner six sponsor wrecks at the upper edge of Carnegie Hill, down 15% from 2006. Excellent floorplan, marginal location.
-------- Recorded Sales -------- | -------- Previous Listings --------
04/05/2010 #7D $1,576,000 -14.8% | $1,850,000 Sold 3 beds 3 baths 1,700 ft²
09/01/2006 #8D $1,856,153 + 3.2% | $1,799,000 Sold 2 beds 2 baths
http://streeteasy.com/nyc/building/1230-park-avenue-new_york

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

2/2 Bing & Bing with a WBFP: http://streeteasy.com/nyc/sale/466826-coop-210-east-73rd-street-upper-east-side-new-york

08/10/2004 Previous Sale recorded for $960,000.
09/29/2009 Listed by Corcoran at $1,395,000.
10/28/2009 Price decreased by 7% to $1,295,000.
11/06/2009 Listing entered contract.
04/01/2010 Sale recorded for $1,350,000.

Multiple bids after one price cut. Seller made a few bucks after paying for full renovation.

#9C upstairs, in good shape, went quickly for $975,000 last year.

#7C downstairs, apparently a sponsor sale, sold for $1,094,000 in 2007.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

The same-plan A-line:

08/25/2004 #7A ...$950,000
01/03/2005 #A2 ...$980,000
06/13/2006 #5A $1,056,500
11/12/2009 #2A $1,100,000

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

#5C went for $780,000 in 2003.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

This one's tangled: http://streeteasy.com/nyc/sale/345029-coop-60-east-end-ave-yorkville-new-york or http://streeteasy.com/nyc/sale/474015-coop-60-east-end-avenue-yorkville-new-york or http://streeteasy.com/nyc/sale/373240-coop-60-east-end-avenue-yorkville-new-york

08/28/2008 Listed by Sotheby's International Realty, Inc. at $2,795,000.
10/28/2008 Price decreased by 5% to $2,650,000.
11/18/2008 Price decreased by 6% to $2,495,000.
01/11/2009 Later Listed by Brown Harris Stevens at $2,395,000.
01/12/2009 Listing is no longer available.
10/25/2009 Later Listed by Warburg at $2,095,000.
11/02/2009 Brown Harris Stevens Listing is no longer available. Last priced at $2,095,000.
04/01/2010 Sale recorded for $1,850,000.

Three brokers and a lot of time. The nearest low-floor no-view C-line comp was #6C, which went for $2,345,000 in 2004.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

NWT: Going back a bit farther at 60 EEA, #2C closed for $1.7MM on 3/1/2004. 12/12/2003 contract, $1.895MM ask. Listing doesn't mention condition.
http://www.warburgrealty.com/property/279713

The brutal part of the history for #3C is a contract that fell through in September 2008.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

301 East 78th Street #11ABC+: Sprawling post-war combo, up 19.4% from 2003.
-------- Recorded Sales -------- | -------- Previous Listings --------
04/05/2010 #11ABCH $3,700,000 ........ |
08/26/2003 #11ABCH $3,100,000 -7.5% | $3,350,000 4 beds 4.5 baths 3,600 ft²

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

1 Gracie Square "E" line duplexes: Footprints vary somewhat, but the apartments are north-facing sixes with views of the park and river. #12/13E is "meticulously renovated and has all best fixtures, finishes and custom millwork throughout," so condition doesn't seem to have been a factor.
-------- Recorded Sales -------- | -------- Previous Listings --------
04/09/2010 #12/13E $1,850,000 - 2.6% |↓ $1,900,000 3 beds 3 baths
06/28/2006 # 3 / 4 E $2,450,000 + 5.4% | . $2,325,000 Sold 2 beds 2 baths 1,700 ft²
11/24/2003 # 7 / 8 E $1,800,000 - 2.6% |↓ $1,999,999 2 beds 2 baths
http://streeteasy.com/nyc/sale/407692-coop-1-gracie-sq-yorkville-new-york

Aside from the reversion to 2003 values, the Board must have been taken aback by the drop in price per share: from $7778 for #3/4E to $4805 for #12/13E.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

Correcting the table above:
-------- Recorded Sales -------- | -------- Previous Listings --------
04/09/2010 #12/13E $1,850,000 - 2.6% |↓ $1,900,000 3 beds 3 baths
06/28/2006 # 3 / 4 E $2,450,000 + 5.4% | . $2,325,000 Sold 2 beds 2 baths 1,700 ft²
11/24/2003 # 7 / 8 E $1,800,000 -10.0% |↓ $1,999,999 2 beds 2 baths

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

I like the $-per-share metric and use it for my own building's sales, since I've got all the share-counts handy. It does have its flaws, e.g. in discounting condition, and what seemed a good allocation (or at at least acceptable to insiders) among lines and floors at time of conversion might not be today.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

450 East 83rd Street #18C: Equity wipeout on a 2BR/2.5BA at the Cielo.
06/04/2007 Previous Sale recorded for $2,026,317. (Mortgage of $1,585,600)
06/08/2009 Listed by Prudential Elliman at $2,100,000.
08/12/2009 Price decreased by 10% to $1,900,000.
11/11/2009 Price decreased by 1% to $1,875,000.
02/18/2010 Listing entered contract.
04/01/2010 Sale recorded for $1,600,000.
http://streeteasy.com/nyc/sale/418861-condo-450-east-83rd-street-yorkville-new-york

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Response by dwell
over 15 years ago
Posts: 2341
Member since: Jul 2008
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Response by sisyphean
over 15 years ago
Posts: 152
Member since: Jul 2009

450 East 83rd Street #4G: Studio at the Cielo

Since we're on the subject of 450 East 83rd, it wouldn't surprise me if #4G meets the same fate - Equity wipeout.
http://streeteasy.com/nyc/sale/501096-condo-450-east-83rd-street-yorkville-new-york
It's currently listed by Realtytrac as being in Pre-Foreclosure (Lis Pendens)

07/21/2006 #4G $590,585 Current owner purchase. ACRIS lists two different mortgages at about the same time, one for $464K on 11/09/2006 and another for $480K on 08/10/2006.

07/21/2006 Previous Sale recorded for $590,585.
11/09/2008 Previously Listed by Prudential Elliman at $740,000.
01/21/2009 Delisted temporarily by Prudential Elliman. Last priced at $685,000.
03/09/2010 Listed by Citi-Habitats at $645,000.

Anyone want to buy a studio for $645K??? Huge loft-like studio facing East with 11 foot ceiling. This home features stunning Bulthaup European kitchen wth Pietra Cardosa limestone counters, Larchwood cabinets, top-of-the-line stainless steel appliances such as Sub-Zero refrigerator, Wolf stove and Miele dishwasher. Spa-like bathroom designed in Villefort limestone and custom ebonized back walnut cabinetry with an overs...

I think the owner might be in real estate and was planning on flipping it. Oops.

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Response by marco_m
over 15 years ago
Posts: 2481
Member since: Dec 2008

theyll be lucky to get 400k

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Response by dwell
over 15 years ago
Posts: 2341
Member since: Jul 2008

Hasn't closed yet, but $930K drop, down 40% from original ask & went thru 3 different brokers:

01/31/2008 Listed by Brown Harris Stevens at $2,325,000.
02/19/2008 Price decreased by 3% to $2,250,000.
03/01/2008 Price decreased by 5% to $2,135,000.
08/13/2008 Price decreased by 9% to $1,950,000.
10/23/2008 Price decreased by 9% to $1,775,000.
12/08/2008 Price decreased by 10% to $1,595,000.
02/05/2009 Previously Listed by Prudential Elliman at $1,495,000.
01/28/2010 Prudential Elliman Listing is no longer available.
02/22/2010 Previously Listed by Stribling at $1,395,000.
04/15/2010 Stribling Listing entered contract.

http://streeteasy.com/nyc/sale/177997-coop-3-east-69th-street-lenox-hill-new-york

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

dwell, 9/10B closed for $1,950,000 06/08. that's likely quite a drop.

http://streeteasy.com/nyc/sale/187356-coop-3-east-69th-street-lenox-hill-new-york

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Response by dwell
over 15 years ago
Posts: 2341
Member since: Jul 2008

Yeah & 9/10B sellers bought for $1,250,000 in 5/2004, so they didn't get too burned.

Sold: 3 East 69th Street #9 10B for $1,250,000 on 05/27/2004

I see many listings all over NYC where someone bought in 2007/08 & now tries to sell at a price which is $100K to $500K above their 2007/08 purchase price. Delusional.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

6F, 2/1 (very small second bedroom) pre-war, seems very nicely renovated, with a dining area, foyer and terrace. it's on EEA, which is a turn off for some, but the school listed is good (158). 4F sold for $699k 07/05.

http://streeteasy.com/nyc/sale/434034-coop-33-east-end-avenue-yorkville-new-york

07/03/2009Listed by Prudential Elliman at $685,000.
07/04/2009Listing is no longer available.
08/30/2009Price increased by 9% to $745,000.
09/11/2009Re-listed by Prudential Elliman.
12/02/2009Price decreased by 5% to $705,000.
12/31/2009Listing is no longer available.
01/13/2010Re-listed by Prudential Elliman.
01/15/2010Price decreased by 1% to $695,000.
02/06/2010Listing entered contract.
04/12/2010Listing sold.
04/12/2010Sale recorded for $660,000.

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Response by printer
over 15 years ago
Posts: 1219
Member since: Jan 2008

Good example of the bounce since last spring: 9D was estate sale, at premium to 5D which was move-in condition (though hardly 'Perfect restoration & Perfect apartment!). Hard to imagine a big premium for 4 floors.

http://streeteasy.com/nyc/building/151-east-83-street-manhattan

03/22/2010 #9D $844,000 +6.2% $795,000
08/04/2009 #5D $815,000 +8.7% $750,000

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

my guess is that 5D really needed to sell desperately. you might want to take a look at the earlier history for the D line before calling a victory for 9D.
below is the history for 5D.
03/20/2008Previously Listed by Sotheby's at $1,675,000.
10/29/2008Delisted by Sotheby's. Last priced at $1,350,000.
11/09/2008Listed by Prudential Elliman at $995,000.
03/24/2009Price decreased by 11% to $890,000.
05/01/2009Price decreased by 16% to $750,000.
05/13/2009Listing entered contract.
08/04/2009Listing sold.
08/04/2009Sale recorded for $815,000.

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Response by printer
over 15 years ago
Posts: 1219
Member since: Jan 2008

'my guess is that 5D really needed to sell desperately' - irrelevant. they had it on the mkt for a long time, clearly many people saw it, and it sold to the highest bidder (note it went above final listed price, so multiple bidders). multiple bidders for 9D also. That fact makes these great comps - effectively two auction situations of same line apt in same building, one pretty much at the bottom (5/09), and one several months later (12/09).
That 5D history is just a sorry tale of someone who clearly vastly over estimated the price of the apt, even after the peak, and rode it down. Asking prices mean nothing, only transacted prices do.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

there's no listing available, but 3D sold for $1,150,000 in 06/04. get my point? if that's a true comp it would demonstrate that 5D did SPECTACULARLY poorly, even for that market.

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Response by printer
over 15 years ago
Posts: 1219
Member since: Jan 2008

If it did 'spectacularly poorly' at $815, then why did no one pick it up for something between that and the $890 it was listed for previous to the last price drop. It was bought in a multiple bid situation - that's about as efficient pricing as you can have.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

printer, opining on the value of 5D 17 months ago.

happyrenter,

Have you seen 151 east 83rd, 5D? I agree that the bedrooms and living areas are in nice condition, but it seems like the bathrooms & kitchen could use some serious updating. still, though, 995k for a legit 2-bed in PS 6 seems reasonable. If you put down 30%, that 700k mtge (still conforming for '08) gets you to about $5k mtge + maint after tax deductions. I think you'd be happy finding a similar-quality rental for that amount

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Response by printer
over 15 years ago
Posts: 1219
Member since: Jan 2008

yes, that place sold for less than I thought it would. But what you or I THINK a place SHOULD trade at is meaningless - only what the mkt does, and clearly for this line in this building, the mkt says it is worth more now than it was 1 yr ago. That's the whole point of this thread, no? To show what has actually happened vs. the prognostication that is on all the others?

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

115 East 86th Street #93: Renovated prewar 1BR with den/office/nursery, asking 7.8% below 2005 basis.
08/31/2005 Previous Sale recorded for $862,500.
01/16/2009 Listed by Prudential Elliman at $950,000.
01/27/2009 Price decreased by 6% to $895,000.
07/07/2009 Listing is no longer available.
03/02/2010 Listed by Prudential Elliman at $795,000.
#53 just sold, in similar condition, for $750K, so the ask on #93 looks pretty close to the mark.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

350 East 82nd Street #10D (Wellington Tower): Same-unit resale of a 2BR/2BA condo in a 2006 RFR conversion. Closed 17.9% below early 2007 basis. Round-turn expenses were likely higher than normal, since original purchase was from the sponsor.
04/12/2007 Previous Sale recorded for $1,145,531.
04/20/2009 Currently Listed by Manhattan Apartments at $1,395,000.
09/10/2009 Listed by Prudential Elliman at $1,195,000.
10/31/2009 Price decreased by 4% to $1,145,000.
11/24/2009 Price decreased by 2% to $1,125,000.
12/16/2009 Price decreased by 4% to $1,075,000.
01/14/2010 Price decreased by 11% to $960,000.
01/28/2010 Price increased by 12% to $1,075,000.
01/29/2010 Listing entered contract.
03/22/2010 Sale recorded for $940,000.
http://streeteasy.com/nyc/sale/461177-condo-350-east-82nd-street-yorkville-new-york

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

1125 Park "D" line: large, south-facing six, zoned for PS6. #8D is a repeat sale, 5% above early 2005 basis and 19.8% below the 2006 sale one floor up. #8D and #9D appear to have been comparably renovated, although the finishes in #9D look a bit richer. #4D was an estate wreck on a lower floor, so it may be more of a peak comp than #9D.
-------- Recorded Sales -------- | -------- Previous Listings --------
04/28/2010 #8D $2,525,000 - 4.7% |↓ $2,650,000 2 beds 3 baths 2,200 ft²
10/14/2008 #4D $2,600,000 -11.9% | . $2,950,000 Sold 2 beds 3 baths
09/12/2006 #9D $3,150,000 + 0.0% | . $3,150,000 Sold 2 beds 3 baths 2,200 ft²
04/28/2005 #8D $2,400,000 - 2.0% | . $2,450,000
http://streeteasy.com/nyc/building/1125-park-avenue-manhattan

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

401 East 65th Street #15D: Repeat resale of a 2/2 with a long terrace and tangled listing history. Closed 13.6% below 2008 basis and 6.3% below previous 2005 sale.
02/22/2005 Listed by Prudential Elliman at $950,000.
07/06/2005 Previous Sale recorded for $950,000.
04/03/2008 Listed by Brown Harris Stevens at $1,550,000.
04/22/2008 Price decreased by 6% to $1,450,000.
05/15/2008 Price decreased by 9% to $1,325,000.
05/30/2008 Price decreased by 6% to $1,250,000.
06/20/2008 Listing is no longer available.
06/20/2008 Listed by Prudential Elliman at $1,250,000.
07/23/2008 Price decreased by 4% to $1,199,000.
10/08/2008 Price decreased by 8% to $1,099,000.
11/07/2008 Listing entered contract.
12/15/2008 Previous Sale recorded for $1,030,000.
02/09/2009 Listed by Corcoran at $1,199,000.
03/03/2009 Price decreased by 8% to $1,099,000.
05/03/2009 Price decreased by 4% to $1,059,000.
06/15/2009 Price decreased by 2% to $1,039,000.
07/01/2009 Price increased by 1% to $1,049,000.
07/09/2009 Price decreased by 2% to $1,025,000.
08/13/2009 Listing is no longer available.
09/10/2009 Listed by Prudential Elliman at $1,025,000.
10/29/2009 Price decreased by 3% to $995,000.
02/11/2010 Price decreased by 6% to $935,000.
03/05/2010 Listing entered contract.
04/29/2010 Sale recorded for $890,000.
http://streeteasy.com/nyc/sale/461172-coop-401-east-65th-street-lenox-hill-new-york

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

29 East 64th Street #8A: Resale of a renovated corner 7-into-6, now asking 9.4% less than early 2005 basis. Timing of improvements is not clear; listing says kitchen and baths are new.
10/08/2004 Listed by Sotheby's International Realty at $3,500,000
10/12/2004 Price increased to $3,600,000
10/31/2004 Price reduced to $3,400,000
11/23/2004 Price reduced to $3,295,000
02/01/2005 Listing entered contract.
05/17/2005 Previous Sale recorded for $3,200,000.
05/21/2008 Previously Listed by Sotheby's International Realty, Inc. at $4,250,000.
11/19/2008 Sotheby's International Realty, Inc. Listing is no longer available.
03/15/2010 Listed by Sotheby's International Realty, Inc. at $3,700,000.
04/23/2010 Price decreased by 5% to $3,500,000.
05/10/2010 Price decreased by 17% to $2,900,000.
http://streeteasy.com/nyc/sale/502705-coop-29-east-64th-street-lenox-hill-new-york

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Classic six, down 8.6% from 2005 basis: http://streeteasy.com/nyc/sale/444351-coop-180-east-79th-street-upper-east-side-new-york

07/18/2005 Previous Sale recorded for $2,800,000.
08/12/2009 Listed by Sotheby's International Realty, Inc. at $2,900,000.
10/13/2009 Price decreased by 4% to $2,785,000.
03/12/2010 Price decreased by 4% to $2,685,000.
04/01/2010 Listing entered contract.
05/05/2010 Sale recorded for $2,560,000.

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Response by Wbottom
over 15 years ago
Posts: 2142
Member since: May 2010

pls explain how this apt has a 2 handle in front of it, or why it's worth more that 1.6mm
were talkin 79 and 3rd...

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Yes, 79th & Third, but it's a "good" building. Prewar, big rooms, good layouts, lots of closets, etc. Not a lot out there of that kind of thing: http://streeteasy.com/nyc/sales/upper-east-side-manhattan/type:P1%7Crooms:6

It really boils down to what printer said a few posts back. It's the market as it is rather what it should be or what we'd like it to be.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

Still, it's down almost 9 percent from mid-2005. It is west of third, no?

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Right, just west of Third.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

10-room A-line at http://streeteasy.com/nyc/building/983-park-avenue-manhattan

05/18/2010 ..#4A . $7,100,000
05/07/2009 ..#7A . $5,300,000
07/14/2006 ..#6A . $6,500,000
04/04/2005 #14A . $4,000,000 (but buyer and seller are brothers)

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Down 12.3% on 2007 basis: http://streeteasy.com/nyc/sale/440067-coop-315-east-68th-street-lenox-hill-new-york

10/26/2007 Previous Sale recorded for $1,460,000.
07/24/2009 Listed by Stribling at $1,395,000.
12/22/2009 Listing is no longer available.
01/05/2010 Re-listed by Stribling.
02/03/2010 Price decreased by 7% to $1,295,000.
02/26/2010 Listing entered contract.
05/20/2010 Sale recorded for $1,280,000.

They won the 2007 purchase with a high bid:

07/12/2007 Listed by Corcoran at $1,425,000.
08/04/2007 Listing entered contract.
10/26/2007 Sale recorded for $1,460,000.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

barely up from 2004 sale.

http://streeteasy.com/nyc/sale/464845-coop-220-east-73rd-street-upper-east-side-new-york

10/15/2004Previous Sale recorded for $1,300,000.
09/09/2009Previously Listed by Warburg at $1,375,000.
09/22/2009Listed by Warburg at $1,375,000.
09/23/2009Listing is no longer available.
09/30/2009Re-listed by Warburg.
09/30/2009Warburg Listing is no longer available.
12/31/2009Listing is no longer available.
01/08/2010Re-listed by Warburg.
02/13/2010Listing entered contract.
05/13/2010Listing sold.
05/13/2010Sale recorded for $1,325,000.

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Response by sledgehammer
over 15 years ago
Posts: 899
Member since: Mar 2009

Aboutready, i often notice that most apts like 220 E73rd st that sell to a price close to 2004 level have huge monthly maintenance. I wonder by how much has the monthly maintenance increased since 2004 on these type of apt and how it affects resale.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

sledge, that's a pretty large apartment. yes, the combination leads to highish mtc., but not horribly so.

as indicated in the tax thread yesterday, maint. has been increasing massively all over the place. it has to have an affect. really high maint. is often the kiss of death for resales, more than it should be if financial reasoning were applied.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

I'd also say $2200 for a biggish two-bedroom isn't bad. (Maybe because that's what mine is up to.) Combos in the Eastgate buildings make good two-bedrooms, if you like a fireplace in a bedroom.

The last natural-two-bedroom there was 5D in 2006, when it was $1700. I might get ambitious and look at share counts to see how naturals compare with combos there.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

highish maintenance, but with an assessment. 3E, a couple of floors lower, sold for $325k 05/07.

http://streeteasy.com/nyc/sale/375642-coop-313-east-89th-street-yorkville-new-york

01/16/2009Listed by Prudential Elliman at $349,000.
03/23/2009Price decreased by 7% to $324,900.
04/28/2009Price decreased by 8% to $299,000.
07/17/2009Listing is no longer available.
08/06/2009Later Listed by Corcoran at $290,000.
12/11/2009Corcoran Listing sold.
04/28/2010Sale recorded for $250,000.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

Unit 1909 at the sherry netherland, 781 Fifth. no listing. unit appears to be a bank sale, sold by natixis as successor in interest to CDC Capital.

http://streeteasy.com/nyc/closing/1008239

Closed 04/28 for $1,500,000. 2309 closed for $1,975,000 09/05. i don't have the floorplans, and i don't know if the building has variations between floors, so the comp might not be a good one. but the sale is interesting nonetheless.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

the brompton, unit 12L, about 27% off asking. 14L closed 10/09 for $3,321,553.

http://streeteasy.com/nyc/sale/359788-condo-205-east-85th-street-yorkville-new-york

10/24/2008Listed by Related Sales at $3,300,000.
02/02/2010Delisted temporarily.
03/03/2010Re-listed by Related Sales.
03/17/2010Listing entered contract.
04/28/2010Listing sold.
04/28/2010Sale recorded for $2,411,997.

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Response by sidelinesitter
over 15 years ago
Posts: 1596
Member since: Mar 2009

ar - the Brompton 12L closing is interesting. It's one of maybe 3 - along with 10K (140sf larger for the same price - best value in the building to date) and maybe 10L (same layout as 12L, 2 floors down, 100k higher closing price) - that while perhaps not getting all the way to sensible pricing at least are less crazy than the rest. The L line on floors 10-16 is a tale of two groups - 14L-16L all closed in the $3.25-3.3mm area, which 10L and 12L went at $2.4-2.5mm. 11L is in contract. Timing of closings isn't the whole explanation, as 10L closed in between the higher floor ones last summer. Whether or not there was a pre-meltdown contract could well be the distinction, but I don't think we can really know.
The other thing to watch at the Brompton is resales. The only one that closed so far was not far from seller's cost. There are at least a couple more in contract recently, so hopefully there will soon be more data to indicate price level unaffected by the influence of legacy contract/deposit on where Related can get buyers to close.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

sls, resales in MOST of the larger new development buildings are coming in close to prior sales price. obviously only those in true distress are capitulating, the others willing to spend some time until someone bites. it will be very interesting to see what happens to resales in some of the larger buildings that started closings post-lehman. in a number of buildings it is easy to imagine early purchasers having to compete with sponsors who want to clear inventory, which won't make for a very comfortable situation if someone needs to sell.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Multiple bids on a small eight-room: http://streeteasy.com/nyc/sale/377142-coop-565-park-avenue-lenox-hill-new-york

01/28/2009 Listed by Brown Harris Stevens at $3,850,000.
04/09/2009 Price decreased by 9% to $3,495,000.
06/16/2009 Price decreased by 14% to $3,000,000.
10/22/2009 Price decreased by 3% to $2,900,000.
12/17/2009 Listing entered contract.
01/27/2010 Listing is no longer available.
02/02/2010 Re-listed by Brown Harris Stevens.
02/02/2010 Price increased by 3% to $3,000,000.
03/11/2010 Listing entered contract.
05/25/2010 Sale recorded for $3,100,000.

Doesn't bode well for #8W upstairs, asking $4,200,000.

#9W went for $4,600,000 in 2007.

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Response by falcogold1
over 15 years ago
Posts: 4159
Member since: Sep 2008

The Brompton really is turning out to be a bit of a loser.
I'm impressed that 12L even commanded that much money.
Must be the allure of tony 86ht street.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

second sale was intra-family. walk up one bedroom.

http://streeteasy.com/nyc/sale/432512-coop-204-east-90th-yorkville-new-york

04/21/2005Previous Sale recorded for $299,000.
10/16/2007Previous Sale recorded for $210,000.
06/25/2009Listed by Metropolis at $360,000.
09/24/2009Price decreased by 10% to $325,000.
01/11/2010Price decreased by 3% to $315,000.
02/08/2010Price decreased by 3% to $305,000.
04/24/2010Listing sold.
05/24/2010Sale recorded for $295,000.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

http://streeteasy.com/nyc/sale/501453-condo-200-east-89th-street-yorkville-new-york

03/14/2006Previous Sale recorded for $725,000.
03/10/2010Listed by Prudential Elliman at $675,000.
04/19/2010Listing entered contract.
05/17/2010Listing sold.
05/17/2010Sale recorded for $645,000.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

3/2 combo unit with reasonable mtc. can't tell who renovated the kitchen, but the listing states newly renovated bathrooms.

http://streeteasy.com/nyc/sale/489060-coop-345-east-93rd-street-yorkville-new-york

07/28/2005Previous Sale recorded for $940,000.
01/14/2010Listed by Corcoran at $995,000.
02/26/2010Listing entered contract.
05/13/2010Listing sold.
05/13/2010Sale recorded for $995,000.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

unit 10J, jr. 4. 2J sold for $685k 01/06.

02/04/2010Listed by CORE at $649,000.
02/19/2010Listing entered contract.
03/12/2010Listing sold.
05/11/2010Sale recorded for $600,000.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007
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Response by w67thstreet
over 15 years ago
Posts: 9003
Member since: Dec 2008

Aboutready. The bubble killer.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

15 East 91st Street #78D: Carnegie Hill duplex 3BR/2.5BA, closed 1% above 2004 basis. Most of the reno probably pre-dates the 2004 sale, but it's hard to be sure how much the owners put in.
08/31/2004 Previous Sale recorded for $1,750,000.
08/13/2009 Listed by Brown Harris Stevens at $2,200,000.
09/17/2009 Price decreased by 7% to $2,050,000.
12/03/2009 Price decreased by 9% to $1,875,000.
12/17/2009 Delisted temporarily.
01/22/2010 Re-listed by Brown Harris Stevens.
03/01/2010 Listing entered contract.
04/11/2010 Listing is no longer available.
04/12/2010 Re-listed by Brown Harris Stevens.
04/13/2010 Listing entered contract.
05/24/2010 Sale recorded for $1,765,000.
http://streeteasy.com/nyc/sale/444799-coop-15-east-91st-street-carnegie-hill-new-york

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Response by Wbottom
over 15 years ago
Posts: 2142
Member since: May 2010

not the right thread, but i hear a hissing of the bubble again--plenty of decent supply getting stale, new stuff coming on, wall st ifffy again, buying season for wall st-bonussed and family apt buyers over--hissssssssss

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

830 Park Avenue #4/5C: Same-unit resale of a 3BR/2.5BA duplex with renovated kitchen and baths. LR, MBR and BR3/LIB face Park; DR with big bow window faces rear gardens. Closed 5/27 for $4.2MM, 12.5% below 2007 basis. Timing of improvements not clear.
06/21/2007 Previous Sale recorded for $4,800,000.
09/11/2009 Listed by Sotheby's International Realty, Inc. at $4,750,000.
12/03/2009 Listing entered contract.
05/27/2010 Listing sold.
05/27/2010 Sale recorded for $4,200,000.
http://streeteasy.com/nyc/sale/461356-coop-830-park-avenue-upper-east-side-new-york

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

one bedroom condo same-unit resale. "The apartment was gut renovated less than a year ago with top of the line fixtures and appliances."

http://streeteasy.com/nyc/sale/500749-condo-215-east-77th-street-upper-east-side-new-york

01/25/2005Previous Sale recorded for $420,000.
04/01/2005Previous Sale recorded for $566,550.
05/31/2007Previously Listed by Prudential Elliman at $665,000.
08/27/2007Prudential Elliman Listing sold.
08/27/2007Previous Sale recorded for $665,000.
03/06/2010Listed by Halstead Property at $575,000.
04/09/2010Listing entered contract.
05/28/2010Listing sold.
05/28/2010Sale recorded for $575,000.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

i realize this is a first floor unit (although doesn't face street) in yorkville, but still, i can't recall when i last saw a renovated decently-sized jr4 in an elevator building for $460k with reasonable mtc. great closet space also. 4B sold for $599k 03/07; 12B for $385k (estate sale) 08/05 and 9B for $530k 09/04.

http://streeteasy.com/nyc/sale/479763-coop-444-east-84th-street-yorkville-new-york
11/19/2009Listed by Gumley Haft Kleier at $575,000.
01/13/2010Price decreased by 9% to $525,000.
03/03/2010Price decreased by 5% to $498,000.
04/14/2010Listing entered contract.
06/01/2010Listing sold.
06/01/2010Sale recorded for $460,000.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

doorman also.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

215 East 73rd Street #9A: Attempted resale of a renovated pre-war 5 boasting three full baths but burdened with high monthlies. Now asking 11.8% below 2007 basis.
04/23/2007 Previously Listed by Corcoran at $1,610,000.
09/06/2007 Corcoran Listing sold.
09/06/2007 Previous Sale recorded for $1,700,000.
12/11/2008 Previously Listed by Warburg at $1,975,000.
07/13/2009 Warburg Listing is no longer available. Last priced at $1,725,000.
03/05/2010 Listed by Warburg at $1,650,000.
03/24/2010 Price decreased by 3% to $1,599,000.
06/10/2010 Price decreased by 6% to $1,499,000.
http://streeteasy.com/nyc/sale/500462-coop-215-east-73rd-street-upper-east-side-new-york
The original December 2008 ask made no sense whatsoever, considering the state of the market (and the world).

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Response by w67thstreet
over 15 years ago
Posts: 9003
Member since: Dec 2008

Flmao. You'll be saying the same thing about 6/10/10 prices in a year from now.

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Response by printer
over 15 years ago
Posts: 1219
Member since: Jan 2008

Another example of the post-spring bounce - Apts 5D and 2D

http://streeteasy.com/nyc/building/1435-lexington-avenue-manhattan

5D looks like estate condition, but 2D is no great shakes either. 5D went into contract in spring '09, 2D 5 months later. The move from the 2nd floor to the 5th floor is a big one - away from street noise, much better light/views. Even accounting for condition differences, this is meaningful bump in price.

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

108 East 82nd Street #4C: Same-unit resale of a renovated seven-into-six prewar coop with four smallish bedrooms and an open living/dining space. Closed 7.7% below mid-2004 basis after nearly two years of marketing.
06/24/2004 Previous Sale recorded for $1,950,000.
06/16/2008 Listed by Corcoran at $2,795,000.
11/06/2008 Price decreased by 11% to $2,495,000.
12/03/2008 Delisted temporarily.
04/21/2009 Re-listed by Corcoran.
04/21/2009 Price decreased by 10% to $2,249,000.
05/07/2009 Price decreased by 12% to $1,975,000.
09/23/2009 Price decreased by 8% to $1,825,000.
09/26/2009 Price increased by 3% to $1,875,000.
11/11/2009 Listing entered contract.
01/23/2010 Re-listed by Corcoran.
02/25/2010 Listing entered contract.
06/10/2010 Sale recorded for $1,800,000.
http://streeteasy.com/nyc/sale/300809-coop-108-east-82nd-street-upper-east-side-new-york

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Response by West81st
over 15 years ago
Posts: 5564
Member since: Jan 2008

178 East 80th Street #2AB: Same-unit resale of a modest 7-room coop, currently configured as a 4BR. Closed 8.3% below 2007 basis, which isn't bad unless they put more money into it than is evident from the listing.
05/22/2007 Previous Sale recorded for $1,450,000.
11/05/2009 Listed by Prudential Elliman at $1,495,000.
02/06/2010 Price decreased by 7% to $1,395,000.
03/03/2010 Listing entered contract.
06/01/2010 Sale recorded for $1,330,000.
http://streeteasy.com/nyc/sale/476881-coop-178-east-80th-street-upper-east-side-new-york

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Response by nyues
over 15 years ago
Posts: 38
Member since: May 2010

140 E 81st, #7D, nice sale compared to 6D and only slightly down from height of market.
6/4/10 #7D $1,070,000
10/8/09 #6D $930,000
5/21/08 #9E (same layout) $1,095,000

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Five rooms in a mortgage-free co-op: http://streeteasy.com/nyc/sale/468902-coop-525-east-86th-street-yorkville-new-york

10/06/2009 Listed by Prudential Elliman at $1,495,000.
10/24/2009 Price decreased by 7% to $1,395,000.
03/03/2010 Listing entered contract.
06/22/2010 Sale recorded for $1,375,000.

That's $2629 per share, up 13% in a year from the $2325 a poster here paid for #14EF, the same footprint but with a small studio attached.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

High-maintenance sponsor-sale one-bedroom: http://streeteasy.com/nyc/sale/505356-coop-235-east-73rd-street-upper-east-side-new-york

03/24/2010 Listed by Classic Marketing at $755,000.
04/28/2010 Listing entered contract.
06/18/2010 Sale recorded for $740,000.

Up 11% from the sponsor's February 2009 sale of #6E, three floors down.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Terraced one-bedroom, up 18% from 2005: http://streeteasy.com/nyc/sale/463678-coop-3-east-71st-street-lenox-hill-new-york

05/12/2005 Previous Sale recorded for $975,000.
02/12/2008 Previously Listed by Corcoran at $1,495,000.
09/01/2009 Corcoran Listing is no longer available. Last priced at $1,295,000.
09/17/2009 Listed by Brown Harris Stevens at $1,295,000.
02/12/2010 Price decreased by 11% to $1,150,000.
05/11/2010 Listing entered contract.
06/21/2010 Sale recorded for $1,150,000.

Could be flat or down, if this seller paid for the renovations.

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Response by FGC
over 15 years ago
Posts: 14
Member since: Feb 2010

2 BRs in the Impala C-line (1,119 sq. ft.):

06/04/2010 #18C $1,147,500
04/20/2010 #10C $1,065,000
10/26/2009 #20C $1,062,500
10/13/2009 #28C $1,075,000

#18C has a lot of built-ins (including a banquette and dresser) which could have affected the price. http://streeteasy.com/nyc/sale/474569-condo-404-east-76th-street-upper-east-side-new-york

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Response by sidelinesitter
over 15 years ago
Posts: 1596
Member since: Mar 2009

2 br PH with huge terrace, down slightly from 2004 last sale.

http://streeteasy.com/nyc/sale/387341-coop-315-east-69th-street-lenox-hill-new-york?email=true
09/14/2004 Previous Sale recorded for $1,500,000.
09/05/2007 Previously Listed by Halstead Property at $2,495,000.
02/06/2009 Halstead Property Listing is no longer available. Last priced at $2,100,000.
02/27/2009 Listed by Prudential Elliman at $1,895,000.
07/17/2009 Price decreased by 11% to $1,695,000.
10/19/2009 Price decreased by 9% to $1,550,000.
01/08/2010 Listing entered contract.
04/26/2010 Listing sold.
04/26/2010 Sale recorded for $1,445,000.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

One-bedroom, down 38% from 2007: http://streeteasy.com/nyc/sale/441693-coop-340-east-93rd-street-yorkville-new-york

06/11/2007 Previous Sale recorded for $490,000.
01/04/2008 Previously Listed by Citi-Habitats at $545,000.
07/09/2008 Citi-Habitats Listing is no longer available. Last priced at $535,000.
08/01/2009 Listed by Citi-Habitats at $449,000.
10/20/2009 Price decreased by 2% to $439,000.
11/04/2009 Price decreased by 3% to $425,000.
12/03/2009 Price decreased by 7% to $395,000.
03/16/2010 Price decreased by 8% to $365,000.
05/28/2010 Listing entered contract.
06/22/2010 Sale recorded for $353,886.

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Response by ues_shopper
over 15 years ago
Posts: 98
Member since: May 2007

I don't get it:17d vs 7d. same building, same apt. 17th floor from the description is in top shape. 7D priced higher. I think both prob will go closer to or below previous sale price, unless the renovations are new and spectacular.
http://streeteasy.com/nyc/sale/386429-coop-799-park-avenue-upper-east-side-new-york
StreetEasy History-17 d
05/27/2006 Previously Listed by Prudential Elliman at $1,800,000.
09/28/2006 Prudential Elliman Listing sold.
09/28/2006 Previous Sale recorded for $1,750,000.
02/22/2009 Listed by Diana Ponzini & Assoc at $2,450,000.
03/03/2009 Previously Listed by Prudential Elliman at $2,450,000.
05/16/2009 Price decreased by 4% to $2,350,000.
05/27/2009 Prudential Elliman Listing is no longer available. Last priced at $2,350,000.
10/23/2009 Price decreased by 9% to $2,150,000.
02/26/2010 Price decreased by 7% to $1,995,000.
04/13/2010 Listing is no longer available.
05/19/2010 Re-listed by Diana Ponzini & Assoc.

http://streeteasy.com/nyc/sale/536717-coop-799-park-avenue-upper-east-side-new-york
StreetEasy History-7D
11/09/2005 Previous Sale recorded for $1,583,625.
01/17/2009 Previously Listed by Corcoran at $2,350,000.
08/09/2009 Corcoran Listing is no longer available.
06/30/2010 Listed by Corcoran at $2,200,000.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

3/3.5, up 20% from 2005: http://streeteasy.com/nyc/sale/492564-condo-188-east-78th-street-upper-east-side-new-york

04/28/2005 Sale recorded for $2,891,000. (As 9A+)
09/27/2007 Previously Listed by Corcoran at $3,900,000.
02/19/2008 Corcoran Listing is no longer available.
09/25/2008 Previously Listed by Corcoran at $3,800,000.
05/31/2009 Corcoran Listing is no longer available.
01/28/2010 Listed by Corcoran at $3,495,000.
05/05/2010 Listing entered contract.
06/29/2010 Sale recorded for $3,495,000. (As 9A+)

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

3/3, up 172% from 2000: http://streeteasy.com/nyc/sale/502031-condo-181-east-65th-street-lenox-hill-new-york

10/31/2000 Sale recorded for $1,390,000. (ACRIS)
03/12/2010 Listed by Prudential Elliman at $3,750,000.
04/21/2010 Listing entered contract.
06/28/2010 Sale recorded for $3,784,218.

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Response by xellam
over 15 years ago
Posts: 133
Member since: Sep 2008

NWT: While I see the market getting "better", where do you think the reason for the 20% up since 2005 on 188 E 78 comes from? Especially considering it has an assessment.

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Response by xellam
over 15 years ago
Posts: 133
Member since: Sep 2008

Also, re: 181 E 65. That appears to be the first re-sale of the apartment since the building was built, so up 172% from what could be a 1998 contract doesn't seem all that shocking.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Beats me. Most apartments/buildings/neighborhoods don't follow the averages.

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Response by NWT
over 15 years ago
Posts: 6643
Member since: Sep 2008

Seven rooms, down 21% from 2007: http://streeteasy.com/nyc/sale/410725-coop-4-east-95th-street-carnegie-hill-new-york

10/05/2007 Previous Sale recorded for $2,545,000.
05/04/2009 Listed by Halstead Property at $2,250,000.
10/05/2009 Delisted temporarily.
01/26/2010 Re-listed by Halstead Property.
01/26/2010 Price decreased by 11% to $2,000,000.
02/13/2010 Listing entered contract.
06/30/2010 Sale recorded for $2,000,000.

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Response by jhochle
over 15 years ago
Posts: 257
Member since: Mar 2009

196 East 75th Street.

Sold: 196 East 75th Street #2C for $1,075,000 on 02/05/2008
Sold: 196 East 75th Street #4C for $850,000 on 11/06/2009
Sold: 196 East 75th Street #3C for $984,771 on 02/22/2010
Sold: 196 East 75th Street #5C for $1,120,157 on 06/24/2010

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