Preforeclosure Sale at Rupert Towers

Posted by urbandigs

Thu Feb 16th, 2006 08:38 AM

A: Ahh a glimpse into the future perhaps? Take a look at this Preforeclosure condo sale at 1623 Third Avenue, Apt. 17AB.

Get 8 full rooms at a price of 1.795M, down from the below listed 1.95M ad, and get a 4BR/3BTH condo at Rupert Towers in the UES. Monthlys seem a bit high though at $2,550/Month as this apartment seems to be about 1,900-2,000 sq. ft. or so from a quick look of the floorplan. Dont forget that as the costs of monthly's go up (maintenance + taxes), the eventual selling price must correct to compensate for the decline in affordability! Check my post on evaluating the Monthly's and its relationship to the asking price!

nyc real estate

In New York City there is a shortage of family sized apartments (3BR/3BTH+) leading to these units getting a premium over say a 1 or 2 bedroom property. If you MUST have a condo and you MUST have 4 Bedrooms & 3 Bathrooms in a Pet Friendly, full-time Doorman building this might be a good opportunity for you! I wish I had the exact square footage so I can calculate what this property is asking per square foot.


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