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
if we’re done with real estate, can we go and bitch about the high prices at art auctions? 20M, 50M, 100M,… for a painting? is that sustainable?
a maximum wage law would resolve of these high prices
Headache. Gotta quit before my sanity goes next.
I still haven’t heard a good argument for how prices are out of whack Snappy. I listed over 10 U.S. cities with median prices not far from NYC’s. Many of those cities are not experiencing the same rate of population growth that NYC is.
So I ask again, how are prices so out of whack if most of the U.S.’s cities have similar median home prices?
Because you want to live in million dollar frame house in one of the more popular/expensive areas of NYC?
Doesn’t work like that.
“less sleazy in Canada than in NY. ” — I willingly pay more for sleazy. Isn’t he the cutest of the dwarfs?
11217, don’t backtrack now! Let me get you some rear-view mirrors so you don’t trip!
“How are prices out of whack with reality if people are paying the prices, Tyburg?
Aren’t the people who bought yesterday’s biggest sales real? Aren’t the people all over the neighborhoods we talk about who spend 750K for a 2 bedroom real??”
Kens, you can’t live off of your house only in it. If you have no money to pay for it you can’t keep it. I just think it’s crazy that so many people invest a substantial portion of their income into something that isn’t liquid. I also think it’s crazy that people buy 1)more house than they need; 2) at the top of what they can afford; 3) on the hopes they’ll make a killing when they sell.
“People like to think it’s something intrinsic to the social system, but I don’t think it is.”
Having spent a few decades in Canada and over a decade in the US, I really do think the mentality of the citizens is noticeably different. IMO, it’s much more of a “we” mentality there and a “me” mentality there.
“TO real estate is much more competitive than NYC”
But as you pointed out, the prices are still relatively low compared to NYC AND, based on my experience as a buyer and seller of real estate in both countries, the process for closing on a home is much more straightforward and less sleazy in Canada than in NY.
you’re WRONG. COMPLETELY WRONG. if you CANT afford it, you WINDOW SHOPPING. A WINDOW SHOPPER would be wasting seller’s time, the agent’s time, the mortgage broker’s time, the bank’s time.
the fact the transactions closed, the richie rich person CAN AFFORD it