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
quote:
I’m sick of people championing the idea that those who can’t afford it should just get out or move somewhere East of Jesus. When did NYC become just for the well-off?
seriougly! it sure does fly in the face of those that are well off and move to nyc and list “diversity” as one of the main reasons. diversity my buttcrack. there’s a such thing as economic diversity too you know! stable neighborhoods have always had a nice mix of economic diversity, but these days it’s like oh let’s just push out the poor and the slightly poor and the middle class, and hey this neighborhood is now just too GOOOD for the upper middle class.. wtf? i thought they left their suburban gated community mentality at the door.. but apparently not.
*rob*
Schweet jebus…that banana just spiraled in price by 50% in the last 90 minutes…talk about a bubble!
For the month (May 2010) the median price for all homes and apartments sold in New York City was $478,500.
San Francisco median home price (June 2010) is $598,640.
Los Angeles median home price (June 2010) is $334,500.
Portland, Oregon median home price (January 2010) $242,000.
Some medians in CA cities:
Statewide, the 10 cities with the highest median home prices in California during June 2010 were: 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.
ishtar, we aint talking about the average, median, etc. salaries. we’re talking about how many really deep pockets there are here vs. the supply of ppties in the premo hoods they like. Dont underestimate how many of these deep pocket buyers are eying the limited the supply. I think these deep pockets are over paying but the fact is they can afford to. I find expensive hand bags, swiss watches,…. crazy but folks buy them cause those buyers can afford to do so and DOES so.
This is a good discussion but: numbers please!
How do we determine ‘sustainable’ or ‘unsustainable’?
Some points seem to relate to actual economics and some to people’s unrelated views about what is right or wrong. The former are more interesting.
okay wasder, good point… perhaps i shouldnt harp so much on those small businesses like i do just because im not a fan of the product and what they stand for.. but they are the lower rung of people people screw up the economy just like hedgefund people screw it up at the top level! these lower end type businesses just screw it up at the bottom… the 12 dollar banana analogy above was a perfect examply.
*rob*
“Really Rob? Cause I know people who came here right out of college, got jobs at Hedge funds and at 25 years old are making 300K a year.”
any single females?
Wasder;
I disagree that all sectors of the city’s population are growing.
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.
The following sectors are declining:
-the working class
-the middle class in the non-financial sectors (i.e. not the upper middle class, but guys like a Con Ed technician).
But snappy, we are really only talking about a small percentage of the overall housing stock of NYC that could be seen as so wildly overpriced.