Washington Plaza

[Simka]

I was just looking at the listing for C32, and there's something wrong with that, too. The photo/illustration of the living room is wrong for that apartment. If you're looking at the living room from the foyer area, as in the photo, there is no way doorways can be leading off to the right

Are you talking about the photos?  They use the same photos for multiple apartments - I don't think they are supposed to "match" the actual floorplans.

Oh! Lol—I was assuming that since they'd started using "real" photos (that is, not the fantasy renderings), they would at least make an effort to use photos that matched the layout of the apartment listed. (I haven't been paying very close attention.)

[frances]

I'm currently in contract on a place, but it's been a hellish experience and I was thinking that maybe I'd break down and buy at Washington Plaza, so I could avoid the board process. I'm on their email list and just got a preview of the next batch of apartments coming up for sale. One bedrooms are now going to be 475k.

[Lilybell]

Yeah, mine is now 480K (I paid 418K).  There are a few smaller 1-bedrooms (700-822 sf, which really isn't all that small) going for around 380K.

I'm sorry to hear you are having a difficult time with your purchase.

[jleach]

Frances - how many apartments were included in the next batch?

[frances]

Thanks, Lilybell. I don't think we're experiencing anything abnormal--it's just a slooooow process.

jleach--I think seven were released? I deleted the email pretty quickly. I believe they're on streeteasy now.

[newjhuser]

Have they started doing more closings?

[jleach]

I was speaking to the lender for Washington Plaza last week and I believe they are currently doing a set of closings.  Per the discussion, there are closings in progress now and going out as far as March/April next year (depending on unit purchased and when the unit was purchased).

[frances]

First closings were posted to streeteasy--both significantly over ask. $463,895 for a one-bedroom that had been listed at $428, and $695,987 for a one-bedroom that had been listed at $640,00. Wow!

[rhydewithdis]

First closings were posted to streeteasy--both significantly over ask. $463,895 for a one-bedroom that had been listed at $428, and $695,987 for a one-bedroom that had been listed at $640,00. Wow!

$695k for a one-bedroom? WHAT?!   

$595k would get you a one-bedroom on the UWS near Central Park
http://ny.curbed.com/2016/10/31/13478096/central-park-upper-west-side-for-sale

Edit: I think you meant a TWO bedroom (1 bath) sold for $695k
http://streeteasy.com/building/washington-plaza#tab_building_detail=2
http://streeteasy.com/sale/1218589

[newjhuser]

That could be the new amended prices they are reporting? They might have sold at lower.

[frances]

That could be the new amended prices they are reporting? They might have sold at lower.

Streeteasy listed them as "sold," with the prices I listed as the sales prices.

-
And yes, the more expensive one is a two bedroom. I saw that one--it has a skyline view from living room and bedroom.

[Lilybell]

Closings started last Wednesday. I have a new neighbor across the hall but I haven't met him yet. I have a walk-through in a few weeks and I assume I'll close the week after - probably right before or after Thanksgiving (finally! I was given a closing estimate of late Sept. when I signed the contract).  My renovations are supposed to be completed in the next two weeks but I'm not holding my breath. Just my luck that I'm in the batch that's way behind schedule. 

I'm off to streeteasy to look at sales prices! 

Edited: OK I'm back and confused about the one-bedroom that sold for higher than the asking price. I think newjhuser might be correct that it was bought at the amended price. It was probably first listed at 428K (in april) and then was one of the ones that had the prices raised in early June. It went into contract after the owner raised the prices on a bunch of them so maybe that explains it. We should be able to figure it out after a few more closings.

[newjhuser]

I'm waiting for my closing, don't know when that's going to happen.

[Lilybell]

Oh, I didn't realize you had also purchased a unit! 

I guess it depends on when you went into contract along with how far along they are with renovations (unless you are one of the people who moved in and are renting while waiting to close). I was the 11th purchaser and probably would have closed in the next couple of weeks if my renovation wasn't behind schedule.

[rhydewithdis]

A very nicely renovated/ staged 3 bed 2 bath was just listed

$935k for 1518 square feet ($615 per square foot). The maintenance is quite high IMO at $1.17/psf ($1787/mont)
http://www.nytimes.com/real-estate/usa/ny/queens/jackson-heights/homes-for-sale/73-12-35th-avenue/478-5B9372F598955