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
okay WHY am i spending my last day of vacation on here arguing this craziness!??! gaaaaaaaah! oh that’s right cuz i can’t afford to actually GO anywhere!
gotta love NYC right!?! hahah
*rob*
“I am sure that tybur doesn’t want to have to move out to bumf–k queens to be able to afford something.”
That’s my concern in a nutshell. I like Brooklyn. Not brownstone Brooklyn, but my little corner of Brooklyn (GH), and if prices keep spiraling like this, I won’t be able to rent here any longer, let alone buy a cute little frame house. 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?
“their little pink cupcake truck, no matter how 50 dollar mini cupcakes they sell, doesnt help the economy.”
And Rob, this is not true. if you sell a lot of something you are helping the economy, your feelings about its validity withstanding. they have to buy flour to make the cupcakes, they employ people to bake the cupcakes, etc. Having a boutique small company myself, I know full well that despite the fact that I am not solving world peace or making durable goods, I am helping the economy by buying materials and employing people.
quote:
Do you not see how this person’s out of whack salary has an impact on the life of the cashier at Duane Reade? Do you not see how this SMALL percentage of folks (all your friends apparently) with crazy high wages impacts ALL wages and ALL costs in the city?
no. he doesnt see at all because he bought a tiny shoebox hovel in park slope a gazillion years ago and now INSISTS that brooklyn should be the Beverly Hills of the east coast. :-/
and im sorry, but give me plastic surgeons, bimbo actresses, and slimey movie producers ANYDAY over hedgefund d-bags, bankers, and snooty high end food truck vendors ANYDAY. at least the former actually PROVIUDE something for society instead of just leech off of it.
*rob*
Doesn’t matter how many folks you know who moved here and made huge buck right off the bat. Doesn’t matter how many folks you know who can afford to pay these prices. The question at hand is whether or not such price are sustainable, regardless of making the money/being able to afford it. Even wealthy people have a point at which they say something costs too much. If they didn’t they wouldn’t be wealthy, now would they?
Very interesting discussion here. I completely understand Tybur’s frustration with expenses in the city but agree with 11217 that the average price of a house within the 5 boroughs is much lower than one would expect so trying to make a case that NYC is out of whack due to prices in its most desirable neighborhoods is problematic. And yes the population of NYC, after declining for several decades in a row, began to grow again in the 90’s and shows no sign of stopping. That intrinsically increases demand for housing. And no the people making up the increase are not just college grads and old people. There appears to be growth among all classes and sectors. So I have to agree that NYC has always been and will always be more expensive than Houston or any other city one wants to compare it to.
But I do understand the frustration that tybur and others feel about the price of housing in the brownstone belt. if not for a few lucky breaks for me I would be in same boat. I am sure that tybur doesn’t want to have to move out to bumf–k queens to be able to afford something.
11217 —
“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. I could name 10 people I know under 30 making that kind of money.”
This type of thing is the PRIME EXAMPLE of the cause of the NYC Feedback Loop Bubble.
Do you not see how this person’s out of whack salary has an impact on the life of the cashier at Duane Reade? Do you not see how this SMALL percentage of folks (all your friends apparently) with crazy high wages impacts ALL wages and ALL costs in the city?
quote:
Sounding uneducated = hating the city you live in.
never said i hated it. but i dont pretend it’s something that it isn’t unlike some people and i will call people out on their bullshitte i do like it here, i just wish better kinds of people chose to move here than the ones that do.
your cheerleader uniform is getting pretty raggety. please go bring it to the dry cleaners.
*rob*
What’s your point, 11217? I know TONS of people like that, but I wouldn’t be silly enough to present that as some sort of proof when it’s the exception and not the rule.