New York City Real Estate - Three Brokers Assess One Upper West Side Co-op -- New York Magazine

Triple Assessment

By S.Jhoanna Robledo
Published Nov 10, 2008

(Photo: Courtesy of the Corcoran Group)

240 WEST 102ND STREET, APARTMENT 33
The Facts: Three-bedroom, two-bath, 1,650-square-foot co-op.
Maintenance: $1,447 per month (plus a temporary $105 extra).
Agents: Deanna Kory and Karen Kelley, the Corcoran Group.

For many buyers, a gracious, spacious Upper West Side apartment is the holy grail. Yet this one has been sitting unsold for several months. Is the hesitant market to blame? Or the price?

Tamir Shemesh, Prudential Douglas Elliman:
“The apartment is in relatively good condition,” says Shemesh, who also noted the spectacular light in the living room, dining room, and kitchen. The other rooms aren’t as bright, which, he says, cut down his price a bit.
His assessment: $1.7 million to $1.75 million.

Jill Sloane, Halstead Property:
“The market right now—it’s ever-changing,” says Sloane. Still, she says “it’s a pretty easy apartment to price. It shows really well; there’s no clutter.” Though the location isn’t prime, “the neighborhood has changed a lot.”
Her assessment: $1.65 million.

Laurel Rosenbluth, Gumley Haft Kleier:
Rosenbluth says the kitchen is a huge selling point: “Not only can you eat in it but you can work in it, too.” But she wonders about some overlooked details, like exposed radiators. “People pay attention, because they want to make sure their money is buying something of real value. Especially in this market.”
Her assessment: Just under $2 million.

And the actual asking price is …
$1.695 million, recently reduced from $1.795 million.