went to contract in nyc today (tenants, cheapest, investment, sale)

[mathjak107]

sold one of our investment co-ops overlooking central park today... it was on the market since end of october...we were asking 800,000, sold at 700,000..

considering the enviornment im pretty happy

[palmcoasting]

Hey, if you're happy, we're happy! Congrats to you. Here's to a painless and successful closing!

[Skatergirl]

Originally Posted by mathjak107

sold one of our investment co-ops overlooking central park today... it was on the market since end of october...we were asking 800,000, sold at 700,000..

considering the enviornment im pretty happy

What is the sq. ft of the place? Did it have a park view? What are the monthly fee's?

Thanks. Love that area.

[mathjak107]

about 650sq ft, about 1100 a month maint and it had half a park view as it was a corner apartment,,, it was probley the cheapest apartment in the entire building as its mostley 1 and 2 bedrooms which are way way over a million... in fact we sold a 2 bedroom before the drop for just over 2 million..the one bedrooms are in the 1.2-1.4 range.... we have a 1 bedroom for sale right now in the building. we are un-winding a family buisness and all looking to retire... heres a little history on the building as its an archetectural landmark..



http://www.thecityreview.com/cps/cps200.html

[Skatergirl]

Nice area--but I knew that! My dream is after the kids are out to buy something in NYC & Paris and live between the two.

btw--are you going to hold onto any of the nyc properties or are you selling them all?

[mathjak107]

we are selling all.. we had 9 apartments 6 years ago and thru tenant lease buy outs we sold 5 so far.... we have 2 still with tenants who arent leaving yet, 1 in contract and 1 still for sale.....