Is this person insane???

1.2 million to live in a slum clearance project, good luck with that.

Oh, please. It may just be me, but I feel like Harlem (maybe that apt. is not technically Harlem) are among the smallest (if any) price cuts. Seems so out of touch with reality. I've been interested in Harlem for over a year (glad I never bought) and have been hoping to see some big drops, but there's been nothing to write home about... Something like 549k to 500k is just not even going to get me to the open house. At this point better deals are to be found in more built up areas. I've always heard that in a bad economy, the first areas to lose value are the fringe areas. Based on list prices, that doesn't seem to be the case. Maybe private deals are being done.

Just another whacked owner. It's not bad at all for what it is, though you'd think the owner would've covered the mismatched HVAC units and replaced the basketweave floors before pissing money away on the kitchen.

How he thinks the investor he's looking for could ever make a nickel, god only knows.

He'll do fine on this 1991 purchase, once reality dawns.

$700k is good for that apartment at this time. Not a penny more. Maybe they have a view of Whole Foods?

But but but ... it's a Jr. 4! And I have an imaginary friend.

I love that it's listed as "1*" bedrooms. I'd feel like a celebrity living in a 1*-bedroom apartment. Or maybe a chef who got a bad review.

i know these apts. they aren't even new development. But they aren't considered harlem. it's still considered the upper part of UWS.

this is horribly expensively out of whack. al the apts out of this place are b/c the studios go for something like 1/2 million. So that gives you ex of how they are pricing these.

definitely needs to come down regardless.

This says it all:

Down Payment $240,000
Mortgage Amount $960,000
Mortgage Payment $5,451
Total Monthly Payment $6,180

"Will also consider renting-$3650- 1 year."

Yet again - overpriced by 100% of rent.

Real price: $500,000.

It's been on the market for over a year. When does the seller give in and face the cold reality of 2009 NYC real estate?

"Real price: $500,000"

Exactly.
Buy rent ratio is 27.4, which is insane...
Needs to come down to 12-15...

I think it's considered Manhattan Valley. It's full of projects & nothing to do.

$500,000 is generous.

It's overpriced but my father lived there and my sisters grew up there. We know people who still have several apts there too. It's actually a very nice place to live.

stevejhx: "I think it's considered Manhattan Valley. It's full of projects & nothing to do"

No dear, Chelsea is full of horrendous projects. CPW is not.
As usual, stevejhx is an IDIOT.

$3600/month seems awfully high for a 850 sq. ft. 1 bedroom on 100th street. If this apartment was in Midtown it would get maybe $2800.

nota bene, youcannot: http://en.wikipedia.org/wiki/Frederick_Douglass_Houses
plus other, smaller ones nearby

OTOH, the seller probably thinks the three fancy new buildings on Columbus (#808, etc.) and their planned fancy new retail justifies such a fancy price tag. Dreamy.

Yeah, there ARE projects on CPW

Half a block off CPW -- the same as being right on CPW for purposes of buying considerations. And Steve referred to Manhattan Valley, not to CPW.

They are very nice apartments; Park West Village. Most have terraces. But the one bedrooms now should be priced in the 600-700K range while the 2 bedrooms should be 800-900K.

What price for this one? And penalize for the useless floor plan.

http://www.prudentialelliman.com/listings.ASpx?listingid=1087493&utm_source=Streeteasy&utm_campaign=corporate&utm_medium=listings

I missed the OH.

There are three floorplans, you did not click all the way through

Ok!