96 Schermerhorn Studio Cheap

Gene and I sold our apartment in 96 Schermerhorn in May 2005. So naturally, we remain fascinated by what goes on in the building.

How much are the apartments going for now, we wonder? Translate: how far off the peak did we sell? We had a one bedroom, so studio apartment price wars are less relevant, but interesting nonetheless.

This penthouse studio is newly listed on Corcoran for $275k. The price caught me by surprise as our former neighbors sold their beautiful studio in 2005 for around $265k.

A studio on a lower floor with a $100 lower monthly maintenance and a $375k price tag is in contract. Is the difference between apartments worth $100,000? From our visits, the penthouses are not as glamorous as one would expect. But $100K is a steep drop, my friend.

Another studio in the building listed by a different broker is priced at $369k. Broker #2 tries to position her studio as having .5 bedrooms, but a click on the floor plan will show you that it is no larger than the others. Square footage for all three apartments unknown, but the floor plans indicate they are all about the same.

Hmmm, is our $275K requester just a motivated seller? Is there a real difference in the condition of the apartments?

Let's watch this one.