Monday, June 1, 2009

Listing of the Day: Price Chop by the Week, Part 2

180 Van Cortlandt Park South #5C - $254,000

So BoogieDowner has been stalking this property for a few weeks now. When we first profiled it two weeks again it was listed at $265K. Then a week later we saw that it was chopped to $259K. Now it has been copped again, down to $254K. Kind of makes you wonder where the bottom is.

Strangely enough it seems the listing agent found BoogieDowner's LOD and left a few comments. Laura also clarified that the maintenance is $791/month, which is 40-50% tax deductible. I wonder if there are any amenities that come with that maintenance bill beyond the traditional hot water, heat, a super and real estate taxes. Is there any storage? Parking? Also, if you're reading, Laura, would this building take 10% down instead of the traditional 20%?

This is a big unit (950 square feet) at the foot of one of the prettiest parks in the City. The building looks well kept - it even has one of those fancy Co-op names ("the Van Cort" - I guess brevity is their thing). This apartment is also right near Riverdale and all of its amenities.

The kitchen and bathrooms look like they've been updated and the apartment doesn't appear to need that much work. All in all, this is a pretty solid apartment for a pretty decent (and falling!) price (although you'd be crazy to pay the asking price for anything in this market).

The transportation is very nice with the 1 train a block or so away



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