425 East 79th Street - ***IN CONTRACT***

congratulations...that was quick..you must have a beautiful apartment. good luck in your new home.

Congratulations! See you in Maplewood..:) I loved getting that news on A Friday.

Congrats - I really liked the look of that place

Congratulations sniper! It is nice to hear that a seller can succeed selling an apartment FSBO. I know we seem to have had our differences on this forum but I wish you all the best.

Hooray! Great news!

Well done. Realistic price coupled with a great presentation and good marketing will get it done every time.

But you would have gotten more money if you listed it with an agent. ;-) Ha ha, just pulling your leg.

well done lad! you have been nominated for Treasury Secretary. Someone who works hard, seems honest, not afraid to tell convention to fuck off and gets it done in the end. Your Country is calling!

yeah, but i have no intention paying taxes on this...will that matter?

thanks again, all. and a special shout out to TD at www.nbpny.com who has guided me with his real estate consultancy service throughout the process - and will likely have the buyer using him for his co-op board package service.

You're in the clear, no need to pay capital gains taxes on up to $500k, if filing jointly, but you know that. Go for the Treasury Secretary post. You had just better be straight with any nanny business or you're doomed.

Congratulations! Well done, now go celebrate!

great! congrats!!

Would love to celebrate your success (like everyone else), but more info is needed... At what price?

(My over/under would have been 8% below your ask. You were one of the most realistic sellers to which I can point.)

i would rather not discuss the details until after closing...i am sure you can understand. after that i will share all.
unfortunately for those wanting to know, closing will not be until june (my choice - school year for kid).
i will answer other questions if anyone has them.

wasn't waiting to close risky on your part considering prices are falling and might continue to fall further in the spring and summer.

yes, it could be. should purchaser decide to walk i will gladly take the 10% that is in escrow and continue to live in my place. my move is a choice, not a necessity so i have that going for me. also, their is a premium on my place that is specific to this purchaser - that will not likely change.

there's always a buyer given the right circumstance and you found him.

10105 - if 8% is the over/under, what are you taking? the over or the under?

Pounding the over! Jr 4 steps from the River on UES...we've seen real 2 bed 2 baths listed at 999k that can be negotiated down to 900K now, let alone what they will be in June.

Given sniper's comment about the unique premium the buyer places on the place, I'm comfortable with the under. 8% of $875k = $70k. I think sniper got a contract for more than $805k. Skeptical, want to put your money where your mouth is? I'll bet $100 on the under 8% off/over $805k. We can escrow the money with sniper (I assume neither of us knows the man, but we both know where he lives :))

i like it! some action the street. if it gets any heavier it could actually move the over/under. that seems like a good bet.

skeptical - the apartment is not a jr. 4. check out the listing again. you will not find the word "jr." anywhere on the website.

under $800 psf..nice!

congrats!

sounds like a neighbor purchased to combine...would explain why someone would pay a premium

apt_boy -
a neighbor did not buy to combine. i said there is "premium on my place" for the purchaser. i meant premium more in the sense of incentive, like in this definition:

something given as a reward, prize, or incentive

sniper - your def is more of a bonus than a premimum...in finance, a premium is a price paid more than par or a value greater than the norm because the buyer deems there to be greater value than the average consumer...so if there was a premium on the apt to the buyer, it is so because they deemed it to be of greater value to them rather than the average consumer or they paid a "premium" that would infer that they paid an amount greater than par, which in this case, is your asking price

the definition i listed was right from the dictionary. it was definition 3 of 3 for "premium." but i understand what you are saying. we might be better off calling it a bonus or incentive. my apartment had some factors that were more of a bonus or incentive for this purchaser than they might have been for others. it is hard to tell if they actually "paid a premium" for this because it was a really quick offer and i didn't wait around to see how much those incentives were worth.