Plaza St. Co-op Sells 5% Below Ask
When this sixth-floor two-bedroom at 45 Plaza Street West was a Co-op of the Day back in December we said that “the asking price seems reasonable at $650,000” and that “It’ll probably go for a little less because that’s what listings do these days.” The selling price of $615,000 came in at 5.6 percent off…
When this sixth-floor two-bedroom at 45 Plaza Street West was a Co-op of the Day back in December we said that “the asking price seems reasonable at $650,000” and that “It’ll probably go for a little less because that’s what listings do these days.” The selling price of $615,000 came in at 5.6 percent off ask and 10 percent above the widget.
and why is this such a big to warrant blinding red?
By thwackamole1 on May 28, 2010 2:20 PM
2) By waiting 6 months for a better offer, the owner incurred
5k in maintenance
25k in mortgage interest (6%)
4k in brokerage costs
1-2k in extra transfer taxes.
6k or so in inflation.
So the widget wasn’t very far off from what the owner could have taken THEN.
…
Listed 86 days until it went into contract.
EPIC FAIL
“Is real estate getting boring or is it just me?”
It’s just you. Watching paint dry is exhilirating!
***Bid half off peak comps***
also that’s a damn blinding red you got there stoner…
Is real estate getting boring or is it just me?
streeteasy has it as going on the market in Dec. no earlier listing with a no longer active kinda thing
thwacky math!!!! Yes, and thwacky logic too.
Greater point, Ringo. Was it originally listed well before 6 mos ago?
***Bid half off peak comps***
well, how were the sellers holding?
you mean by putting it on the market in dec, going into contract in march, and selling in may? that’s not holding, that’s just selling a co-op.
also, figure carrying costs on selling price for the buyers. the sellers probably have a diff cost basis. transfer taxes, brokerage fees.. surely you pay these this month or 6 months from now.