Sale at 245 East 93rd Street #19E

If the other "1262 sf" apartments for rent are asking $3800, then $1.295m is only a 28x P/E. Figure the square footage is 10% overstated. Yes, 1140 per sf for a vulnerable neighborhood is too high. Trying to be optimistic and not so constantly negative, if it's such a great building and is a condo, maybe it goes for $950 per sf? 200k off the ask?

Not sure how much the construction noise from the subway is affecting the prices. I would think it might affect the rental prices more than sales.

Still $3800 for a 1200-1300 SF 2-bedroom with a big dining room, in good condition, is unheard-of, in my experience. We saw an apartment in this line in December, it was asking $4600, and was probably one of the best deals we saw.

Over priced?
Not yesterday, today.
This seemingly lovely cookie cutter with outdoor space on a high floor is an excellent measure of the market. Below a Million? only if it wishes to get a look. To sell on E93rd against the flood of look-alikes will require a BANG price to get some love. This seller will need a leap of change if they have any intention of making a sale. What do you think...Overly optomistic seller or overly ambitious agent?
Time Time Time ...it on your side...

The disparity between the sales price and the rental price here is startling. To buy this place at asking price with 20% down would cost somewhere north of $8000 per month, but to rent an identical place would cost only $3800! That is simply astounding. Who in their right mind would consider paying even half of the asking price for this?

24H was listed at 100 sft more, and sold for 1.05M 2 months ago.