Murray Hill - New and Upcoming or Slowly loosing its appeal?

I'm far more interested in the neighborhood east of Murray Hill, aka "Curry Hill". Nothing but Indian food, as far as the eye can see. It's just like being in Redondo Beach, CA!

yummmm

i doubt if it was evera "hot" area.

Never a "hot area", but to the younger crowd, it is affordable...just curious of everyones opinion about the market in this targeted area?

Will always be the neighborhood kids flock to after graduation.

Lots of young 22-28 year old female promiscuous materialisitc sluts buckets live or hang around Murray Hill. I love it there. You should see some of the mini dresses they wear in the summer. Daddy pays the rent while they live out their Sex and the City fantasies.

lol- daddy pays their rent while they live out their satc fantasies!!

There are a lot of post-college girls in murray hill, but they're not attractive, so it really doesn't matter.

madrid - serious answer to your question:

I lived in Murray Hill for 3+ years, left recently. Like many neighborhoods, pluses and minuses, depends on what you're looking for. Tons of restaurants, bars, supermarkets, etc. Very central and thus convenient. If you work in midtown, walk to work. Not as family friendly as UES, UWS, and some other areas. Not as much of a neighborhood feel. Far from Central Park (this was a biggie for us).

The word should be "losing" not "loosing". Take pity on your English teacher, who tried to drill that into your brain.

I live in Curry Hill and like the neighborhood a lot. We will miss it when we leave. We have a number of good Indian restaurants, as well as some great food stores like Kalustyans. We're next to Les Halles, a wonderful French Bistro and down the street from Park Avenue Bistro, a nice little French restaurant.

Yeah, it's not hot but who needs hot? We're regular people here and the area is affordable, when compared to other areas in Manhattan.

Oh yeah, I'm selling my place:

http://web.me.com/mac.hive/407PAS/

because we hope to move closer to Central Park so we can get in more running. I hope I can run in the 2010 New York City Marathon, after running nine races this year with the New York Road Runners club.

625sq is a very, very small bedroom or a large studio..also $1600 for maintenance is crazy high. good luck on your sale.

You see, I tell the truth on the square footage number, based on what has been published in the coop offering plan. Most of the agents lie and inflate their numbers. The apartment is a true one bedroom that gets wonderful light and air and has two exposures and outdoor space.

The maintenance is not crazy high, it is higher than the norm, but the lower price reflects the higher maintenance number. We have been through this so many times before. No maintenance increase in 2009, and the maint is around 60% deductible. No need for a jumbo loan.

DrBootleg - Your post made me want to move to Murray Hill!

407PAS - Actually, it is not uncommon for people from the UK to spell it "loosing". Perhaps you should get out more. Looser.

407Pas,

good luck with your apartment sale. i know you didn't ask for it, but i'm going to offer a little unsolicited advice:

i think it's awesome that you are going FSBO, but to also say 'no brokers please' seems a bit much. you can always turn down an offer that comes through a broker if you feel that the offer minus the fee you would have to pay is not high enough. but if you say brokers can't contact you on behalf of clients you may miss out on offers. i'm not a broker, and i think fsbo is great, but you want to get offers since you can always say no.

i also think your pricing is quite aggressive for this market. only two apartments in your building have ever sold at or above the price you are asking. one is a d-line unit, larger than your apartment. the other is in your line on a similar floor and sold early this year for 525k (you are asking 510). but in the intervening period another apartment in your line, 14B, sold for 475k. meanwhile, after both of those sales the real estate market has weakened significantly.

here's something i would be quite worried about: both 22B and 8B were taken off the market last year after they failed to sell, but 22b is listed as 'temporarily off market' and 8B could always come back as well. when that happens, it is safe to assume they will be re-listed at lower asking prices, and you may get caught up in a race to the bottom with your neighbors. much better to get out in front on price and try to get the thing sold before the competition lists again.

i'd add one more thing. you are going to save 6% of your sale price by going FSBO. as a buyer, i think it's reasonable to expect at least some of that savings to pass on to me. your current asking price would be highly ambitious even with a broker. it certainly can't be construed as passing on savings to the buyer.

those are my thoughts. if you are just testing the market and don't really intend to sell, that's something else. but if you want to get the thing sold, i'd chop it aggressively.

Admiral, I am from the UK and as much as US modifications of English used to bug me - the universal use of gotten in place of become, received, arrived, for example - I think you will find it was the less educated children that spelled loser in that context. Looser is absolutely valid to denote that is not as tight as before.

That's a cute apt, 407. Nice light. That maintenance, though. Is the building managed by crack addicts? Good luck. Nicely done.

AS for the original Q, we liked Murray Hill when we lived there. However, it is indeed full of people in Syracuse sweatshirts and the places said hoodie-ensconced denizens like to patronize.

We're in America, write American English. I doubt the writer was a Brit. I still say losing appeal is right.

14b is not a valid comp. I know the circumstances of the sale, enough said. My neighbors are free to do what they will. We will advise.

We have not had a maintenance increase in four years and are financially stable.
We refinanced and saved a bunch of money. We have had these higher maint levels for a long time and those maint levels have been figured into prices for a long time.

My price leaves no room for commission, so no brokers stands as written. Life without their phone calls is pleasant. Most buyers are very nice people.

8B sold, I guess you'll have to look a little harder.

pas, just offering you my advice as a potential buyer. if you think your apartment is going to sell at this price, then more power to you and i hope it does. no need to be so cranky.

Price is price. There is no automatic 6% discount. I incur costs by listing and marketing the property myself.

If a buyer finds an apartment they like at a price they like, they should buy it, regardless of whether it is FSBO or agent based.

My one bedroom is the lowest priced one bedroom for sale in the building.

This is a free market economy.

yes it is. as i said, i hope the apartment sells for the price you want. i was trying to be helpful by sharing my perspective on the situation. you clearly see things differently, so fine. good luck.

I'm not cranky, sorry it comes out that way. Tone of voice is impossible to convey in these posts. I am a little bemused by the comments.

It's fine for you to share your opinion, I suppose I see things a little differently.

To sell on your own is to open yourself up to criticism. I enjoy the give and take.
I like staying part of the process.

loosing is not a british way of spelling losing, its just wrong

It's like saying Zed for Z ...what is that all about ...or colour....for color ....and that metric thing is annoying as well...don't even get me started on the F and C debacle...ha ha...just couldn't resist...

loosing is a synonym for releasing--it is an inflected form of the transitive verb, as in "to let loose." it is rarely used. it has absolutely nothing to with the verb "to lose." loosing cannot be used as a synonym for losing in any country.

this is completely different from colour or color. those are simply different spellings of the same word, and mean the same thing.

thanks happyrenter. Let loose the dogs of peace.

I like Murray Hill and I always thought it was underated. 407PAS, you have a very nice apt and I hope you get what you're looking for!

That's a great small apartment! Good luck with your sale.

Murray Hill is a wonderful neighborhood. I grew up there, then moved to Maine, Oregon, Massachusetts, New Jersey, California, and Greenwich Village . . . and my spouse and I just bought a studio on 34th and Park at the start of the downturn. We love it. Buy now if it's the right neighborhood for you.

In regards to DrBootLeg's comment... check out this video

http://www.youtube.com/watch?v=eylKBJiDNeM

Murray hill isn't really new, and it was never really hot. Its been a "safe" bet for a long time.

Back to the 90s, when most folks lived on the UES/UWS - particularly young ones - it emerged as a cheaper alternative. Fairly safe, fairly convenient, it just happened to be a little boring.

In the boom, it grew like everywhere else did, but it was still nobody's first choice. I remember the SUPERfunny charleston ads (clearly meant for folks who had never been to NYC). It seemed to get more mommy buying for the kids than anywhere else (hell, that was the Charleson ad). Lots of youngins sharing apartments.

In the bust, its still a little boring, its still a little bit from the trains, but its still a decent neighborhood. Food choices decent, some nightlife. Again, nobody's first choice (except for maybe the doctors who work nearby), just a middle white bread neighborhood (relative for NYC).

Murray hill to be is the best area of manhattan to live in.....but im only talking about PRIME Murray Hill....34th to 39th between lex and mad......its historic, quaint, quiet on the weekends and close to EVERYTHING.....grand central, penn station, major 5th avenue retailers, many corporations(ie walk to work)....etc etc etc....

Biased much?

Since when is being dead on the weekends a good thing for manhattan? I'd much rather be on 3rd than over in the dead zone.

BTW, that "prime" used to be hooker central just 10 years ago.

Just the name itself "Murray Hill" screams unexcitement. Good location close to Helleye for the hofstra grads to go alumni functions and find husbands. On the plus side there are many lose women at the bars, or loose women?

Historically Murray Hill has been a little undervalued. It has some really lovely housing stock and is very convenient. It also has a first-rate public school, PS 116, if you buy in the cachment. It's not chic, probably never will be, but if you work midtown and have pre-k kids you could do a lot worse for a lot more $.

"BTW, that "prime" used to be hooker central just 10 years ago"

not really: the prime streetwalker area was a little further down, mostly below 34th. And it was more than 10 years ago, closer to 20.

30yrs, you're correct in that it was on Lex between around 25th and 32nd. But it was as recently as 10 years ago. I recall going out for an early morning walk one Sunday in about 1998, wandering a bit. Found myself on the Bowery, a bit deserted and dirty but nothing else that noticeable. Thought I should head for more trafficked area, wound up on Lexington, shocked out of my mind to find working girls on every corner. Seemed absolutely incongruous. And I lived in Hell's Kitchen in the 80s, I don't shock easily.

However, that doesn't matter in the slightest today. Just interesting history. nyc10022, different things for different people. You like lively, someone else likes quiet, and in Murray Hill you can live quietly and access lively quite easily. Much to be said for that. btw, slinging the biased much comment around?

Neighborhood history re: prostitution in Murray Hill: "30yrs, you're correct in that it was on Lex between around 25th and 32nd." Correct indeed. I grew up in Murray Hill, on Lexington Avenue, in a building between 25th and 32nd, and went to high school in the 1970s with hookers on my stoop and pimpmobiles idling outside. The word then was that when the police raided Times Square, the women would move downtown.

There was very active prostitution in the area well into the 1990s. When I lived on 30th between Lex and 3rd and came home late I more than once interrupted "business" in my doorway and often had cars stop for me on Lexington when I was dressed to go out downtown and trying to get a cab. On the other hand, the hookers were always good for getting you change when a cab driver wouldn't break a $20. But it started to get a little beyond the pale when my niece would be in the stroller on her way to day care and try to pick up used condoms off the sidewalk. I don't want to get back into the pro/anti Guiliani debate, but he was really the one who shut it down.

Hookers however didn't make me want to leave the neighborhood, or actually motivate to do so. The 20 somethings and their total domination of all nearby institutions (okay not PS 116) made me feel like a alien in my own hood. Then again when we shared turf with the hookers, I WAS one of the 20 somethings (but Daddy never paid my rent and I had no illusions about the glamourous life in NYC having grown up here).

technically speaking I think that Murray Hill only goes as far South as 34th Street. So the areas mentioned above actually fall into Kips Bay (see the NYT mapping).

"However, that doesn't matter in the slightest today. Just interesting history. nyc10022, different things for different people. You like lively, someone else likes quiet, and in Murray Hill you can live quietly and access lively quite easily."

Sounds like Hoboken.