Condo of the Day: 206 Front Street
About nine months after closing on her second-floor one-bedroom at the Vista at 206 Front Street in Vinegar Hill, the broker who owns it is looking to cash in her chips and move on. While the exact closing price is unclear, the 540-square-foot apartment was originally listed for $370,530. So what’s the asking price less…
About nine months after closing on her second-floor one-bedroom at the Vista at 206 Front Street in Vinegar Hill, the broker who owns it is looking to cash in her chips and move on. While the exact closing price is unclear, the 540-square-foot apartment was originally listed for $370,530. So what’s the asking price less than a year later? $485,000. Seems like a stretch to us.
206 Front Street, #2D [NY Times] GMAP P*Shark
The Vista and J Condo Get Their TCOs [Brownstoner]
Now I’m a believer!
Your all too funny… I happen to live in the building and know that the apartment has a tenant, who I know as well, and is paying $2500. Also has a contract out at $465K not bad for the broker who bought it and is now flipping it. you might want to re-think the market and neighborhood also the broker..
i like how the rule of thumb with price has become “mortgage and maintenance must equal rent”. even with this simple calculation, the pricing would be sensitive to your mortgage assumptions such as mortgage rates, type of mortgage, etc. a 1% drop in mortagage rates can equate to a 50K increase. also no one knows where rent is heading, real estate values are heading long term, principal payments used to reduce the mortgage, tax benefits from interest, etc…
please educate yourself so you can make better judgements in finding value in real estate.
Are there really 2 PTAC units in the bedroom? And am I missing something or are they hovering off the floor? This is a luxury building? What is up with that?
how can a broker take such bad pictures of his / her own place? i mean, if you’re in the business, wouldn’t you know better how to show something? include a floorplan, for pete’s sake!
how can a broker take such bad pictures of his / her own place? i mean, if you’re in the business, wouldn’t you know better how to show something? include a floorplan, for pete’s sake!
This is a studio, not 1BR. The seller is dreaming. Oh, she’s a broker. No wonder.
This is a studio, not 1BR. The seller is dreaming. Oh, she’s a broker. No wonder.
No way this rents for more that $2000 per month. I pay less than that for a 750 sq ft one bedroom + office in brooklyn heights.
$2000 rent per month, is equivalent to about a $350K sale price, $1600 for the mortgage interest (afte deduction) and maintenance and taxes at $400 per month.
Worth about $350,000