I wouldn't hold my breadth for a big drop in the price of brownstone condo conversions. I think the typical brownstone condo purchaser might have an aversion to a lot of the new developments. Also, the brownstone condo conversions are still a somewhat affordable choice for those who want to live in desirable hoods but can't afford the multi-million dollar pricetags on an entire townhouse.

Posted by: johnqp at October 9, 2008 12:56 PM in response to Co-op of the Day: 50 Sterling Place

Neither of these apartments looks particularly overpriced to me--even in this economy. While I'm certain you could shave off a few $$ from the offering price, I think both places look pretty nice and are in great locations. I'd probably prefer the brownstone just because I don't particularly care for larger buildings, but I bet you could snag either of these places for roughly $700-740 and it would still be a decent deal.

Posted by: johnqp at October 7, 2008 5:15 PM in response to Co-ops of the Day: Head-to-Head In The Slope