One Bathroom Makes UES Co-op a Bargain

The sellers of this Upper East Side two-bedroom at 25 East 86th Street are serious. They just slashed the price (which already wasn't particularly outrageous for a white-glove co-op off Fifth Avenue) by about 20 percent, down to $985,000. At $821 per square foot, it's an unequivocal bargain as Streeteasy.com prices most other apartments in the area at an average of $1,039 per square foot. So why have buyers given it the cold shoulder all this time? A few light-deprived rooms and just one bathroom could be a deal-breaker for families. It's also small compared to the outsize units elsewhere in the building (though at 1,200 square feet, certainly not cramped). Plus, the co-op requires a 50 percent down payment, limiting the buyer pool. Still, at this price, and with bona fides like intact prewar details and entry to the much-beloved P.S. 6 nearby, Citi-Habitats listing broker Sarah Buff believes (hopes) it won't languish on the market for too long. —S. Jhoanna Robledo