UWS Studio For $199,000: Is it True..?

Posted by Noah Rosenblatt on January 26, 2007 at 5.13 PM

A: Yes, its true. It's been a while since I saw a studio priced so low in this area. If a buyer comes to me asking for a studio under $200,000 in the West 70's near Central Park, that allows pied-a-terre's and has monthlys around $400, I would say good luck. But thats just me. Question is what is wrong with this one that is only 3 days on the market? Or is it just a good deal considering the alternatives?

120 West 78th Street; Apt: 1A

120-west-78.jpg

First Came on Market: 1/23/2007
Asking Price: $199,000
maintenance: $402
Size: Small
PPSF: N/A
Marketed By: Jill Sloan of Halstead

Comments (3)

Can you see what other studios had been selling in this building.

Looks like an agent from elliman
http://www.prudentialelliman.com/mainsite/agents/agents.aspx?BID=JAG
had sold one (480 sqft studo) before

Posted by uws | January 26, 2007 5:55 PM

Thats only ACTIVE listing this bldg right now..

No OFAC or CSGN in bldg. Last 2 sales I see are 1BR (APT 5A) asking $730K and 2C, another 1BR that was asking $295K. Not sure what they sold for or exact size.

Posted by Noah | January 26, 2007 6:01 PM

Wow, that is a small space. But you cannot argue with the location, as it's the most charming block on the UWS. The question for me is does the coop board allow sublets or pied a terre's because the space is perhaps too small to live in for a long period.

Posted by UWSider | January 28, 2007 1:11 AM

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