by The one I mentioned in the post before this one. Why is this worth four times as much? It looks like the same size. Here’s the listing. Okay, it does seem bigger. I’d have to go back and compare the square feet, but I’m too lazy to bother. It’s not like I’m going to buy one of them I love the inside of this one though, and it’s got a fireplace. Ohmygod it’s got three fireplaces. And a garden. I changed my mind. I want this one.
I love New York. Really, I do. I just don’t get the real estate prices. The idea of someone paying $800.000 for an apartment the size of my bedroom, or just a touch bigger, never fails to amaze me.
I’m thinking that $8.5 million would buy some serious beachfront. 🙂
A colleague transferred to NYC a year or two ago and during an office visit he was illustrating how his place is about the size of a general space cubicle. I don’t know how you do it.
9.5 million is mind-blowing. But you don’t really have one room the side of that building, do you?
It’s insane though, absolutely insane.
No. My bedroom is only slightly bigger than most people’s closets. Yet, when I see some of these properties on House Hunters, there are apartments that are that size plus a bath and they cost $700,000-$800,000.
In my part of the world, that would buy some pretty spectacular digs. Granted, it’s not NYC, but still…
Once upon a time, these taxpayer builings could be purchased all over the West Side for 100-150K !!!
Blame the inflated prices (in part) on foreign buyers, who exploited the weak dollar.
Also recall the story of 145 Hudson St, at one time zoned light commercial…which was purchased by one of the tenants for a mere
one million bucks. After slowly forcing out all the other tenants, the zoning was changed to residential with the building being remodeled as luxury residences. Of course, it was re-sold yet again at a HUGE profit.
sigh…
david
Insane! And the taxes… $900. Here my house is worth about $250,000 and I pay over $2000 in property taxes. Crazy.