Out and About: Comps don’t always explain price

Consider a co-op that went on the market last month in a Central Park block of the high 60s .

This apartment is on the ground floor of 1928 building that has a part-time doorman and no other amenities.  The unit itself has been nicely renovated, including floors refinished with a dark stain, fresh paint and a modern kitchen of more than 86 square feet.

The ceilings are unusually high, there is a foyer, closet space is ample and the layout is sensible.  Both the living room and bedroom face south at street level, but the views from the kitchen and 132-sf room labeled “dining room/den” on the floorplan are into a courtyard.

One of my issues is that the so-called dining room/den is being marketed otherwise, Continue reading