Sale at 12 West 72nd Street #12F

No entiendo.

Yet another example of taking what was a perfectly fine 1920's apartment-hotel suite and turning it into a Frankenstein monster of a family apartment. The kitchenette became the office, and a big kitchen was plopped into the living room. That stove is most likely not vented, so they've got cooking smells as well as appliance noise in their living room.

so why the raise in price

No clue. Maybe just changed their minds about the last decrease:

12/10/2008 Listed in StreetEasy by Fox Residential Group at $1,195,000
01/21/2009 Price decreased to $1,075,000
02/27/2009 Price decreased to $995,000
03/02/2009 Price increased to $1,050,000

Or they could be trying to appear in searches at the bottom of the $1M+ market rather than top of the <$1M market. They paid $700K in July 2004.

Raising your price may just get you noticed. We have two threads on this one apartment as a result, albeit not entirely favorable. My guess is they were getting pissed at low ball offers so decided to raise their price accordingly. If I saw this as a potential buyer I would just walk to the next one. Why bother.. come back in two or three months when its down to 850.

Right, who knows. Maybe they want to stay in sync with the 2/2 at 17 W 71st. $1.06M, about the same high maintenance, bigger, better layout, but probably less-good exposure. 12 W 72nd has always had a neighborhood rep as trading at a discount because of the maintenance and cheapo replacement windows, but a lot of people would go for the location.

NWT, sounds like you may know the building. I don't. I just looked it up to what the hub bub was about, and I happened to run into 14ABC. This seems like a really well manicured apt. But, but, but, will this really trade for $2,250 per ft with maintenance of $2.09 per ft. Seems like it is possible that this could be overpriced by by by, call it a double? wow! And the sad thing is, this joint has been on the market for a year. If listed at $2,500,000. I bet it gets some serious interest.

http://www.streeteasy.com/nyc/sale/227603-coop-12-west-72nd-street-lincoln-square-new-york

It is a spiffy renovation, if maybe too specific to their taste, and kind of a pretty view of the Dakota. I've never bothered to research the building financials, but it's either a too-big mortgage or they're paying CPW taxes without being on CPW. Either one would be OK if reflected in the price.