Out and About: Some properties have no future

Forget it at any price.

A property is sometimes so hopeless that there’s no point in renovating the place.

Consider a one-bedroom unit in the mid 90s that literally has  nothing going for it. It has been listed for months at $470,000 with maintenance and a special assessment totaling $831 a month.

Carved out of at least one other unit in an Upper West Side doorman building, this co-op seems meant only for an out-of-towner who plans to spend a tiny amount of time in his pied-à-terre.  (Alas, the building forbids pieds-à-terre.) Continue reading