Sale at 49 West 96th Street #4A. Real 2BR under 700k

It seems rather reasonable ... could it be priced to provoke a bidding war?

Wow! 2A sold for $830K in September. Looks like a smart, motivated seller.

Here's a similar listing currently on the market:

http://www.streeteasy.com/nyc/sale/379807-coop-243-riverside-drive-upper-west-side-new-york

243 is priced higher and is smaller, but has lower maintenance. Seems priced for a quick sale, but I do not think it is under priced. Unfortunately, I cannot make the OH on Sunday, but would appreciate if someone could post an update if they go.

The weight of the inventory is felt on the camels back.

the maintenance is really high - 3200K!

This is a POS:
1. 96th st is really noisy. There are a few bus lines constantly traversing along with all of the traffic going through the park.
2. The second bedroom is hardly a bedroom.
3. You can rent better apartments in the neighb for way less.

My prediction for this one: Sits on the market at least 6 months, seller changes brokers, a few price cuts...and it still doesn't sell.

I don't think it's a POS but agree with anonymouss. 96th street isn't all that glamorous and I bet the 2nd bedroom was the original dining area with a powder room that they added a small shower to. The "dining foyer" looks like dead space that you can't really use, a table there would block access the walkway.

Factor in the low floor, no staff & coop, I'd say 400-500K

I didn't realize there was no doorman.

Still, if we're looking at rent vs. buy, with 20% down and 5% mortgage, you're looking at 4100 a month. (Bender, the maint is 1k here). What's the average rental price in the UWS right now for a two like this? 3500? So that's how I came up with reasonable -- and it's clearly priced 130k less than peak as Tina pointed out.

I think it will/should go lower, but I think a first time buyer will show up and snap it up at ask or maybe even ask , thinking that this is their "chance" to live on the UWS.

sticky,

400k is too low for this apartment unless the market deteriorates substantially from where it currently is--which could happen, but i think that for 600k they could sell this thing right now.

Hmm. Wonder why they feel a price hike is justified.

I think they are trying to play the emotions of any last fools.
I went to the open house and it was packed, i was surprised no last fool hasnt already taken it... Personally the place just felt like a cheap apartment, no charm.. Not a home

Well I guess Anonymouss's prediction was quite wrong. Perhaps there are many fools left.