Co-op of the Day: 47 Plaza Street West, #11B
This new listing at 47 Plaza Street West isn’t quite as huge or swanky as its 11th-floor neighbor (which appears to have sold very recently) but the two-bedroom, two-bath co-op is impressive nonetheless. The apartment has all the prewar touches that you’d expect from a Candela building. Probably the only nit we can come up…
This new listing at 47 Plaza Street West isn’t quite as huge or swanky as its 11th-floor neighbor (which appears to have sold very recently) but the two-bedroom, two-bath co-op is impressive nonetheless. The apartment has all the prewar touches that you’d expect from a Candela building. Probably the only nit we can come up with is that the second bedroom is on the small side (though you could close off the dining room and solve that problem). At $1,768, the maintenance isn’t low, but then again it’s a full-service building. The asking price is an even $1,000,000. Think it’ll fly? (Note: We’re removing the Pricing Widget until we can get a more sophisticated version built with predictive measures other than the average price, which 99 out of a 100 times dramatically understates the ultimate sales price.)
47 Plaza Street West [Corcoran] GMAP P*Shark
“Manhattan Beach, $1,737,500; Los Altos, $1,618,500; Saratoga, $1,425,000; Palo Alto, $1,308,500; Laguna Beach, $1,230,500; Newport Beach, $1,150,000; Los Gatos, $1,045,000; Rancho Palos Verdes, $1,000,000; Cupertino, $980,000; and Lafayette, $946,250”
11217;
Comparing NYC to these places is invalid. I know almost all of the communities you cite here, and they are almost all wealthy suburban-type enclaves.
I would submit that it is also invalid to compare NYC to San Francisco. SF’s population is about 600,000, and it is at the center of a wealthy area, so naturally its home prices will be high.
The only valid comparison is to other large, diversified cities like LA, Chicago, etc.
“The following sectors are growing:
-the uber-rich;
-young college crads looking to make it here;
-immigrants who mainly take all of the low-wage service jobs.”
I don’t pretend to have hard info as to which areas of the population are growing but if you are right benson, then I think the above list is pretty synergistic in terms of a growing economy. The uber-rich provide the tax base, the service jobs need to be filled by somebody and if the college grads don’t want to do it then we should be grateful that there are new immigrants to fill them and finally some of those college grads will likely become the Con Ed technician types after they strike out at whatever else they want to do. Sounds crass I am sure but still, that is not a bad three-pronged population increase vis a vis the economy.
Snappy, that’s why I want every story about Crown Heights accompanied by a crime map with murders and shootings. I don’t want people priced out of PS and PH buying before I do and driving the prices to outrageous levels.
i had NO clue wasder was a high priced call girl
*rob*
Tybur6, keep in mind it’s a totally different mindset when one is making a decision from a perspective of (1) do I want it vs (2) can I afford it. we avg joes are in the can I afford it and when pushed on the budget, we do gazillion valuation calc’s, etc. vs the richie rich dude just decides if they want it or not.
like when we go into a deli to get bottle water and they charge $1.25. I know it’s more than at duane reade charging 75c or if I buy pack from costco @ 25c per. but at 1.25 and fact I want to drink the water now, I say F it and buy it cause I can afford to absorb/ignore the diff. This is an extreme example but you get the point
11217, your post about Cali is why I generally don’t have much to say about home prices here. I grew up in the Bay Area, so me looking to buy here is no different than me buying there. I’m going to pay through the nose regardless because I like not having to drive and being able to walk and take public transit most places.
Mr. B,
Care to comment about the absence of widget?
I personally could not do what I do for a living anywhere in the US except NYC or LA so I am somewhat obliged to live here.
I understand Wasder, but those prices have their way of creeping into surrounding neighborhoods. As folks get priced out of PS, they are moving back here by me, seeing GH as they next ‘it’ spot when you can’t afford PS. The rents back here have been increasing (Thank G*d and the best landlord in the world that I’ve haven’t been bent over by ridiculous rent increases yet) and the sales prices are trying to catch up. Before you know it, GH will look like (wrt pricing) PS’s cousin. Not good. At all.