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$650 psf in Chelsea

Started by 701
almost 17 years ago
Posts: 14
Member since: Jul 2008
Discussion about
Just saw this, and haven't seen anyone else comment on it yet: http://www.prudentialelliman.com/Listings.aspx?ListingID=1000211&rentalperiod=&SearchType=newestproperties&Region=NYC This seems somewhat shocking to me -- like we've reached ~ 40% to 50% off peak values already. A harbinger of more distressed sales to come?
Response by santaoct
almost 17 years ago
Posts: 74
Member since: Feb 2009

I guess we are seeing the first signs of a trend here. either way 701 thanks for bringing this up

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Response by jenny9823
almost 17 years ago
Posts: 89
Member since: Dec 2006

do a google streetview.. this area is very scary at night.

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Response by stevejhx
almost 17 years ago
Posts: 12656
Member since: Feb 2008

"Relocation" = "unemployed."

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Response by ap2492
almost 17 years ago
Posts: 173
Member since: Feb 2007

its still over 2 million dollars...in the plant district...

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Response by Sizzlack
almost 17 years ago
Posts: 782
Member since: Apr 2008

and club district

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Response by oldbuyers
almost 17 years ago
Posts: 190
Member since: Dec 2008

Advertised square footage: "approximately 3600 square feet"
according to the dimensions (included and not) in the floorplan: 3025 square foot

actual price per square foot: $777
still a great deal, but not the hyped $650 by the brokers. Typical brokers. Given any opportunity to lie, and they're all over it. No shame.

But being a condo, their lie is going to catch up with them in the contract, opening the door for a misrespresentation of product and a smart buyer will easily be able to back out of the contract if so wanted.

Not there yet, but it's a great start.

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Response by nycjunior1
almost 17 years ago
Posts: 192
Member since: Dec 2008

condos inflate sf just as co-ops do. it's ubiquitous in this city.

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