Sale at 201 East 80th Street #12C

Since there are so few sales, she has plenty of time to show it to the one or two lookers per month.

The biggest problem is she is clueless and probably truly believes it is priced "well".

http://ny.therealdeal.com/articles/biggest-price-cut-of-the-day--60

Biggest price cut of the day

Two homes tied for the greatest price cut of the day each with a $300,000 reduction, according to Streeteasy.com...........The second home is apartment 12C at 201 East 80th Street, which is listed with Halstead Property's Beverly Feingold for $1.995 million. The two-bedroom, two-bath condo is now on the market for 13 percent less than its asking price of $2.295 million when it hit the market in January. TRD

I am sticking with my prediction. $1.3-1.4MM or off-the-market.

I wouldn't even pay that, but it's a nice apartment, and I won't be shocked if someone does.

I wish our friend feingirl would come back and CHALLENGE us to find a better deal out there.
Guess it wasn't such a good deal, huh?

Another classic quote from her, "contact BHS for square footage"
Who should we ask for? Agent Rachel?

Too funny

http://www.streeteasy.com/nyc/rental/484543-condo-201-east-80th-street-yorkville-new-york

gone rental: $8499 per mo

and no one will rent it for that either.

I know. This apt deserves the "Delusional Price" award.

I think the rental ask is a bit less delusional than the sales ask, in my opinion. I predict it rents for $6500 (if at all), or around 25% below ask. I continue to stick with my $1.3-1.4MM sale prediction (if at all), or 33% below current ask.

how much do you think the terrace is worth? $4,500 a month tops without it, in my opinion.

How about this for painting the tape. wow! $500 cut

http://www.streeteasy.com/nyc/sale/373272-condo-201-east-80th-street-yorkville-new-york

Speaking of amazing cuts, she just recently reduced the asking rent by a WHOPPING $4. Yes you read that correctly, $4. Apparently Feingirl doesnt realize that reducing rental and sales prices by .0000000001% only makes her look bad. When people can see the price history, the broker really needs to put a little thought into this.

Here are my projections:

What the place could/should rent for: $6000 per month
What the place could/should sell for: $1.1M (at most)

This means Feingirl needs to have a pow wow with the owner, QUICKLY. The price of that apartment certainly isnt going UP anytime soon.

bump;;; I noticed that Bev dropped the part about "priced to sell", does that now mean she is not trying to sell it, or that it is only available to a fool? Because in her own description, it is no longer priced to sell.

shit...she didn't even rent it?

I wanted to let everyone know that not only has this place not sold (nor the price reduced to anywhere near where it will need to be), but the price has just been RAISED by $1000 per month! Now clearly $1000 per month on a $2m apartment (hardeeharhar!) was just to get it to show up in the "price recently changed" listings, but its still a lame attempt to move this apartment. Bev, please take the advice you have seen here (and mine specifically). PLEASE, PLEASE smack some sense into the owner of this place. You claim to have known them for many years, so explain to them that they need to price the apartment at $1.2m and prepare to negotiate DOWN from there. With the holiday season coming up, think about the commission and what it will do for you.

BEVERLY H. FEINGOLD does not control this apartment...the seller does. The seller has a right to keep this on the market forever. This reminds me of my cousin Leon. Back in the 70's when everyone was wearing super wide ties cousin Leon stuck with his narrow black IBM tie. At family functions everyone would poke fun at Leon's ties. My dad would say,"Leon will keep wearing them until they come back into style". Strangly enough the mid 80's ushered back the narrow tie and just as my dad predicted, Leon was back in style....sort of.

they have been agonizing over between 1 to 5 bucks for months. i've never seen anything quite like it.
05/15/2009 Price decreased by 15% to $8,500.
05/30/2009 Price decreased by 0% to $8,499.
06/13/2009 Price decreased by 0% to $8,498.
06/30/2009 Price increased by 0% to $8,499.
07/06/2009 Price decreased by 0% to $8,495.

classic beverly bullshit:

"I don't want to argue with you. It will trade where the market says it will trade.
As I have always said, no matter what the market, it is the buyers who make the market.
Owners and brokers can price as they see fit. If it sells, it sells, if it rents, it rents.
Which brings me to the benefit of a condo. It can always be rented. When you talk about Park and WEA, you are talking about coops. There really is a difference. You will see coop prices fall faster than condos. Just to clarify a small point, I am not priced at $1400 per square foot, asking, I am at $1333, asking."

6 months later, it appears that the market has spoken.

tough luck to beverly and her wonderful owners.

Are we still waiting for this to trade? I didnt read all the posts... Now its for rent too? Coming out of a credit bubble, its foolish to think that condos wont fall faster than coops. Its called leverage.

Rhino86, yes, still on the market since January 2009. Back in April they also listed it for rent, at $10K. In May they reduced it to $8.5K, where it's sat ever since.

Its not even a real 3-bed and thats 3rd avenue? Yeah, both the rent and the ask is way off. $6500 / $1.3mm is right.

Just to save lots of scrolling, the owners paid $754K back in 1997.

It can't even be a fake 3-bedroom, as there'd be only a half-bath accessible from the dining L.

UESBandit, right, she does need to read them the Riot Act. But then, if they want to sit on the market forever, no skin off our backs. Can't believe Beverly's devoting much energy to this anymore.

$750k in 1997....it sounds like they overpaid and expect a triple like the market has done since then.

according to halstead website, its her only listing. i just love her comment about it trading where the market say it will trade.

I love when brokers get pissy like that and then I see the listing still sitting there six months later. The market is speaking and the silence is deafening haha.

Damn, she sold it! Or at least "in contract".

http://www.streeteasy.com/nyc/sale/373272-condo-201-east-80th-street-yorkville-new-york

Be interesting to see if it sticks....especially with the stock market teetering!

I guess every agent like Bev is now going to put a bunch of bananas on the HVAC unit and call it a "breakfast nook".

Who wants to guess where it closes? I say FULL ASK, the power of bananas!

I am shocked. If it closes, I will guess $1.6MM, which would still mean someone is either dumb or way too rich to care.

Off market, looks like it closed. Good work Bev!

yet nothing in ACRIS.

FYI, this is Ramona (from RHONYC)'s bldg.

Speaking of which, Jill and Bobby still haven't unloaded theirs (http://streeteasy.com/nyc/sale/434024-condo-401-east-60th-street-lenox-hill-new-york) while their upstairs neighbors got the job done and are in contract (http://streeteasy.com/nyc/sale/405368-condo-401-east-60th-street-lenox-hill-new-york). I need to find the help-my-neighbor-is-undercutting-my-price thread....

$5000 a month in charges. That sucks.

StreetEasy History
01/11/2009 Listed by Halstead Property at $2,295,000.
04/23/2009 Price decreased by 13% to $1,995,000.
07/06/2009 Price decreased by 0% to $1,994,500.
08/07/2009 Price decreased by 2% to $1,949,000.
09/08/2009 Price increased by 0% to $1,950,000.
10/28/2009 Listing entered contract.
12/20/2009 Listing is no longer available.
02/22/2010 Sale recorded for $1,850,000.

Closed 19% below the initial ask, but given the doomsday price predictions above I think the edge goes to feingirl on this one.

Good catch, sidelinesitter. I'm getting lax with follow-up....

I am staying with my "dumb or too rich to care" view, although sidelinesitter is right - feingeirl only needed one to bite, and she did. Good for her and her client.

Kinda shocking - 1.85 for a convertible 3 with outdoor space.

Fein Miracle Worker

I agree, I was wrong. I predicted a year ago this unit would trade at a much lower number. Feingirl= salesperson of year....just don't hire her on the buyside...I actually have some junk to sell, might give her a call.