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Sale at 240 Park Avenue South #11B

Started by dragonfly
over 16 years ago
Posts: 59
Member since: Aug 2009
Discussion about 240 Park Avenue South #11B
Does this price make sense to anyone? Looks like seller bought it May '08 for 3.215M at 1,503/sqft and just listed it at 1,778/sqft. (3.79M) I can't pull up the old listing but it seems from the description that it was already renovated last year so the price increase shouldn't be about renovation costs. Is it me or does this seem really unreasonable for this market? Thanks for your thoughts.
Response by aboutready
over 16 years ago
Posts: 16354
Member since: Oct 2007

new construction. trying to recoup transaction costs. no old listing as was bought from developer.

very overpriced corridor. if you're interested in that area best to wait.

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Response by dragonfly
over 16 years ago
Posts: 59
Member since: Aug 2009

I totally missed the new const. thing. Thanks.

I might have been interested in the apartment, but I'm not the least bit interested in paying someone else's transaction costs. Makes the seller look greedy imo. Will not be saving this listing. Thanks to SE for this valuable resource.

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Response by abdelried
over 16 years ago
Posts: 1
Member since: Sep 2009

11D sold originally new construction at 1.55MM and resold for 990K

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Response by dragonfly
over 16 years ago
Posts: 59
Member since: Aug 2009

interesting. Makes the listing all the more obnoxious. I really don't get it... someone didn't get the message that it's a buyer's market.

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Response by samadams
over 16 years ago
Posts: 592
Member since: Jul 2009

I love this building and area but the prices are stupid.

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Response by jtenge
over 15 years ago
Posts: 1
Member since: May 2008

year and a half later and prices are still high in this hood!!! :-(

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