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How Low Is Really Low?

170 East 92nd Street, Apartment 3B
THE FACTS: A 512-square-foot one-bedroom, one-bath co-op with a fireplace.
ASKING PRICE: $399,999.
MAINTENANCE: $611 per month.
AGENTS: Oren Shalev and Sunny Itay Zachy, Anchor Associates.

From the ad:
“Fire sale; spacious coop on 92nd & Lex; great location, call now!”
Why the fire sale?
The owner is “fed up” after trying to sell for a year, says Shalev. A previous deal fell through, and now it’s priced to move as soon as possible.
Second opinion:
It’s an “okay” discount, says Lanfranchi, who notes that a comparable unit sold for around $422,000 this past fall.
In 2007, it would’ve gone for: $450,000.

*Note: Our second-guessers have based their price estimates on comparable sales, floor plans, and ads; they have not visited the actual apartments.


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