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
I’m a transplant, who happens to be okay with living here, but I regularly discourage my friends from moving here. I tell them to head to Charlotte or Houston or DC. Great places to live with similar salaries in legal, consulting, finance. The salary difference are so small that I wonder why the hell I STILL live here.
quote:
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. I could name 10 people I know under 30 making that kind of money.
you lose any ounce of credit that you may have still had just from that statement alone :-/
*rob*
“please educate yourself and stop pimping nyc out to be some sort of cultural mecca, cuz it’s not. it’s a vapid void of barf and narcissism.”
Sounding uneducated = hating the city you live in.
I get Buffalo TV. That seems to be a place in a deflationary spiral (again probably killed by the state taxes). Local news usually leads with housefires..
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. I could name 10 people I know under 30 making that kind of money.
quote:
Please explain your theory to me Ty about how fewer people want to pay the “NYC premium”
what he means is that REAL companies who actually make real stuff and produce good ideas dont want to deal with nyc anymore. he’s not talking about the hoardes of lemmings who have moved to nyc because tv and the internet says its cool. they are not helping the economy at ALL. their little pink cupcake truck, no matter how 50 dollar mini cupcakes they sell, doesnt help the economy. those kinds of businesses are meaningless and vapid. REAL industries are seeking elsewhere. please educate yourself and stop pimping nyc out to be some sort of cultural mecca, cuz it’s not. it’s a vapid void of barf and narcissism.
and no, poodle, im not leaving.
*rob*
see how the nicer buidlings say ‘no dogs’.
11217 – AGAIN… you’re being effing thick. I said, “What’s interesting is that, more and more, folks around the country are realizing that they don’t want to pay the NYC premium on goods and services.” I did NOT say, people are not moving to New York. There’s a HUGE difference.
The latter only suggests that you can live in NYC if and only if you are part of the bubble. I only moved here because I could get a job with a wage that is 30% higher than the same job in most other cities!
What I *actually* said suggests that OTHER PARTS OF THE COUNTRY are beginning to be less and less willing to pay for the premium on goods a services without a comparable REASON for the premium. If Madison Avenue was the only game around, then you don’t have a choice but to pay the premium. If X service is only marginally “The Best” — you start to think I’ll use the “Second Best” for a 30% discount.
Once the “New York City Feedback Loop Bubble” outpaces anything and everything… it will collapse. And NYC isn’t unique — so don’t throw a list of other high-cost cities at me. NYC just happens to be the MOST expensive in this country.
M4L — That’s great. But don’t you think that the $350,000 boss’s salary has some sort of relationship to the $75,000 supervisor’s salary…. and the premium housing in Park Slope and Brooklyn Heights sets a sort of standard by which all other property is priced? Rockaway is XX% the value of Brooklyn Heights. It’s all within the bubble. Bushwick prices aren’t relative to Buffalo. They are relative to high-priced housing stock and inflated wages.
The population numbers speak volumes about why housing prices are increasing….supply and demand. Have we built 383,000 new housing units since 2000? I don’t know.
Detroit and Cleveland have low housing prices because they’ve lost hundreds of thousands of people in the last few decades.
In 1950, the city of Detroit had 1.8 million people.
Today it has 910,000 and falling by the day….