Co-op of the Day: 24 Monroe Place, #9B
Just a couple of weeks ago we highlighted Apartment 12B at 24 Monroe Place as a Co-op of the Day. That place was asking $449,000 and generated an average pricing widget vote of $392,869. Now the same apartment three floors down has hit the market with an asking price of $429,000. They look pretty darn…
Just a couple of weeks ago we highlighted Apartment 12B at 24 Monroe Place as a Co-op of the Day. That place was asking $449,000 and generated an average pricing widget vote of $392,869. Now the same apartment three floors down has hit the market with an asking price of $429,000. They look pretty darn similar, though the ninth floor pad has a slightly lower maintenance of $954. Unfortunately, the biggest difference is probably to be found in the kitchens, but the 12th floor listing doesn’t provide any photos. Like the earlier listing, this one’s got a great prewar feel.
24 Monroe Place, #9B [Corcoran] GMAP P*Shark
I didn’t think there would be much of a difference between the 9th and 12th floors.
-If the view opens up above the ninth floor, the difference in the desirability of the unit could be huge.
Kinda small, isn’t it?
I’ll give you a pre-war feel…
Thanks. I get the more shares for different amenities, but I didn’t think there would be much of a difference between the 9th and 12th floors.
br, in elevator buildings higher floors are more desirable, hense higher shares allocated. The process is very subjective and rarely clear. In pre ear coop apts with exellent floors, working fireplaces and outdoor space will always command more shares allocated. An example, in my bldg I pay 0.68 sq foot where another much larger unit pays 0.45 sq foot, but I’ve got 2 fireplaces and higher ceilings and tons of light, other looks like 80 pre-feb, with one exposure but also has studio space(cave like)and decks.
Better light and views on the higher floor. It’s very common for maintenance to be higher on higher floors in elevator buildings.
Can co-cop savvy people explain why the same unit would have different number of shares allocated (which I assume explains why the maintenance is different)? Is this common?