The Newbury

Started by robinlee 

over 13 years ago
Posts: 15
Member since: Dec 2008
Discussion about The Newbury at 250 East 87th Street in Yorkville
In response to those who have asked why 23J and 20E (small 1 bedrooms) sold so low: One was an unbrokered inside sale btwn shareholders- thus, the transaction did not include the typical 6% broker fee. The other was in estate condition requiring a total gut renovation. More relevant comparisons to those presently on the market here would be the more recently sold D-line and/or E-line apartments... [more]
In response to those who have asked why 23J and 20E (small 1 bedrooms) sold so low: One was an unbrokered inside sale btwn shareholders- thus, the transaction did not include the typical 6% broker fee. The other was in estate condition requiring a total gut renovation. More relevant comparisons to those presently on the market here would be the more recently sold D-line and/or E-line apartments which sold over 500k. Also, please note that the interior space of 29J (presently on the market) is as large if not larger than the 15D and 8E which are also on the market. The latter units have likely included the outdoor balcony space in their overall square footage. Please ring me if you have any additonal questions. I am the Agent for 29J and live in this lovely building. Robin Portnoy 917.865.9429 OR rportnoy@maxwelljacobs.com [less]