Skip Navigation

Sale at 181 East 93rd Street #4G

Started by reddog2669
over 17 years ago
Posts: 121
Member since: May 2007
Discussion about 181 East 93rd Street #4G
http://www.streeteasy.com/nyc/sale/385327-coop-181-east-93rd-street-carnegie-hill-new-york Alright, I~m new here. Not sure what to make of what's going on with this listing. Originally listed near $800K and now down to $475K with all bids due on March 2nd. What's the strategy here?
Response by uppereast
over 17 years ago
Posts: 342
Member since: Nov 2008

That is curious!

Ignored comment. Unhide
Response by ncy10025
over 17 years ago
Posts: 198
Member since: Feb 2009

I saw that also - sounds like a fire sale (short sale?) as the price has dropped from $850K if I remember correctly. Also I'm sure it's not a true 2 bedroom judging by the floor plan - seems like a strange layout although both beds look to be a good size

Ignored comment. Unhide
Response by reddog2669
over 17 years ago
Posts: 121
Member since: May 2007

Fits all of my criteria, 2-bed, good neighborhood, elevator, under $550K. Hmmm, should I take advantage of the tax break and low mortgage rates for this??? I was going to wait until the end of this year to start looking.

Ignored comment. Unhide
Response by urbandigs
over 17 years ago
Posts: 3629
Member since: Jan 2006

is it really 1000 sft?

Ignored comment. Unhide
Response by uppereast
over 17 years ago
Posts: 342
Member since: Nov 2008

Doesnt look like a 1000sft but still cheap

Ignored comment. Unhide
Response by crescent22
over 17 years ago
Posts: 953
Member since: Apr 2008

By the photos, I would doubt the dimensions in the floorplan. But if the floorplan is accurate, I got 905 s.f. guessing at dimensions of the hallways and such.

Ignored comment. Unhide
Response by ncy10025
over 17 years ago
Posts: 198
Member since: Feb 2009

Well now it's listed as no longer available - I wonder if they got an offer - or pulled it from the market. Still strange since most brokers list apartments in contract in case something falls through.

Ignored comment. Unhide
Response by ap2492
over 17 years ago
Posts: 173
Member since: Feb 2007

there is something going wacky with a lot of listings going" unavailable today" it's a glitch most likely in the SE system

Ignored comment. Unhide
Response by ncy10025
over 17 years ago
Posts: 198
Member since: Feb 2009

The reason for the low price and the deadline is that the broker wants to start a bidding war - she'll probably get multiple offers, however IMO may backfire a bit as no one is bidding over in this market and if it does happen it's not way over, however if it's as large as claimed and shows well...

Ignored comment. Unhide
Response by ncy10025
over 17 years ago
Posts: 198
Member since: Feb 2009

My broker said the listing broker was a little cagey on the price drop.

Ignored comment. Unhide
Response by ncy10025
over 17 years ago
Posts: 198
Member since: Feb 2009

Interesting that the listing is still active and there's another open house this weekend 3/8 - guess those offers didn't need to be in by 3/2 after all. hmmm maybe didn't get all those offers they were claiming and telling prospective buyers their bids had to be in the $700k range to be over the highest offer as indicated in another thread on this property.

Ignored comment. Unhide
Response by CB123
over 17 years ago
Posts: 132
Member since: Mar 2009

I think yet another OH...I went to this OH and the broker implied that it was not worth making a big under 600K

Ignored comment. Unhide
Response by rmrmets
over 17 years ago
Posts: 93
Member since: Oct 2008

It's the selling brokers job to bid the buyer up. Don't fall for the "under x bid its not worth it" trick. My strategy would be to bid UNDER the minimum asking in this market. Believe me, you'll get a response. The broker is looking to see who is interested enough to bid. Today there are many browsers and few buyers.

Ignored comment. Unhide
Response by CB123
over 17 years ago
Posts: 132
Member since: Mar 2009

The broker seemed pretty sure of herself (and for some reason, pretty unlikeable--but who cares about that). But you're right, it can't hurt to make an offer.

Ignored comment. Unhide
Response by Trompiloco
over 17 years ago
Posts: 585
Member since: Jul 2008

That apt. is 700 sqft at most, all narrow corridors and in a so-so school area. Even 475K is not great. Why on earth somebody paid 700K for a same line one in 2007? It's spelled B-U-B-B-L-E and it was just pure madness. But it's over.

Ignored comment. Unhide
Response by lab9
about 17 years ago
Posts: 25
Member since: Sep 2008

Anyone know what the apartment actually sold for?

Ignored comment. Unhide
Response by ncy10025
about 17 years ago
Posts: 198
Member since: Feb 2009

sold for $530K - which is just another example of brokers lying. remember the scam that they were only going to take offers til 3/2 --- then they had 5 more open houses. they were screaming at people at the open house that they had to bid over $700K to even be considered becuase they had soo many offers. i think they could have gotten more had they played it straight. as it is it's over a $300K discount from last sales price.so sad

Ignored comment. Unhide
Response by Trompiloco
about 17 years ago
Posts: 585
Member since: Jul 2008

So they managed to sell it "over ask", and maybe ignite a "bidding war" simply because they cut their asking price by 40%.

Ignored comment. Unhide

Add Your Comment