Day: 26 TueAsia/Phnom_Penh2011-02-01T05:05:56+07:00Asia/Phnom_Penh02bAsia/Phnom_PenhTue, 01 Feb 2011 05:05:56 +0700 2013

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Out and About: A textbook case of overpricing?

Everything about this co-op is superlative. (Brown Harris Stevens photo via OLR)

When I walked into a studio apartment in the high 60s on Central Park West, the gut renovation bowled me over.

So did the price, $980,00 with monthly maintenance of $1,166.  That for a north-facing co-op of probably no more than 550 square feet on a high floor in a full-service post-war building.  From the balcony, and only the balcony unless you stand at the window, there are superb views of the park.

But $980,000, I wondered aloud? I told the listing broker that I couldn’t imagine anyone paying that much, but he told me that Continue reading →