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

FULL LISTING

~ErLu

Listing of the Day: Price Chop by the Week

180 Van Cortlandt Park South #5C, 2 Bedroom - $259,000

BoogieDowner profiled this unit exactly one week ago, when it was listed at $265K. We still think this is a nice unit in a cool little area just south of Van Cortlandt Park and just east of Riverdale, but who knows where the free market value will settle for this apartment (or any piece of real estate for that matter). I wonder what the bottom rung of an acceptable offer would be? Would they take $230K? $220K? How inspired are they?

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 maintenance isn't listed, so that is a kind of big X-factor. A super high maintenance could be a deal breaker; high maintenance usually means a poorly managed building and it's a monthly fee that in all honesty doesn't provide much (horribly regulated heat? a super?) and builds no equity.

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

FULL LISTING

~ErLu