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Author Topic: Curbed: Four Homes Worth Seeing in Jackson Heights  (Read 5279 times)

Offline frances

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #15 on: September 19, 2016, 08:15:17 AM »
Quote from: Minimal4me on September 19, 2016, 07:26:27 AM

There's not much you can do *after* the fact to get an appraiser to change their appraisal. Though if there were substantial mistakes made, for example if square footage was way off, you can definitely appeal to the appraiser. In cases like yours very often the seller and buyer will meet in the middle, splitting the difference. The buyer really wants the place and the seller usually is moving or buying something else and won't want to have to start again with a new buyer.

I remember what a nail-biting time this can be. Good luck - and welcome to the neighborhood!

Thanks.

Our appraisal rebuttal was rejected, and the seller came down a tiny bit (half of what we'd hoped for). We decided to move ahead regardless, because it's still less than what we were willing to pay for an apartment, and we really, really, like the building.

Board package going in this week; we're ready to start another round of nail-biting.
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Offline Shelby2

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #16 on: September 19, 2016, 09:31:03 AM »
Quote from: frances on September 19, 2016, 08:15:17 AM

We decided to move ahead regardless

Good luck!  Hope it goes smoothly.
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Offline Shelby2

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #17 on: September 19, 2016, 01:11:40 PM »
Quote from: Minimal4me on September 19, 2016, 07:50:41 AM
Quote from: Shelby2 on August 20, 2016, 09:27:32 PM
[https://www.coldwellbanker.com/property/78-11-35th-Ave-Jackson-Heights-NY-11372-MLS-2804292  I would imagine that a $200K apartment (even if it needs renovation) would be snapped up in a hurry if doesn't have a tenant, and other one bedrooms in that complex are going for $300K or more.

Shelby, good eye. This was an awesome lead for someone looking for a one bedroom right now that with a little help could look beautiful. Looks like it sold for $230k.

http://streeteasy.com/property/8554377-78_11-35-avenue-2d

Someone got a great deal.


I'm not sure this is the same apartment.  2D closed in April.  This one, which says it's apartment O3 or 03, is still listed on MLS for $200K.  http://www.mlsli.com/homes-for-sale/78-11-35th-Ave-Jackson-Heights-NY-11372-161666993
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Offline Minimal4me

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #18 on: September 19, 2016, 01:32:30 PM »


I'm not sure this is the same apartment.  2D closed in April.  This one, which says it's apartment O3 or 03, is still listed on MLS for $200K.  http://www.mlsli.com/homes-for-sale/78-11-35th-Ave-Jackson-Heights-NY-11372-161666993
[/quote]

That really does seem like a great opportunity. When you look at some of the renovated apartments in that co-op, this apartment could be great looking with a little bit of work and that's a really low price.
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Offline eddie

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #19 on: September 19, 2016, 03:48:55 PM »
Quote from: Minimal4me on September 19, 2016, 01:32:30 PM


I'm not sure this is the same apartment.  2D closed in April.  This one, which says it's apartment O3 or 03, is still listed on MLS for $200K.  http://www.mlsli.com/homes-for-sale/78-11-35th-Ave-Jackson-Heights-NY-11372-161666993

That really does seem like a great opportunity. When you look at some of the renovated apartments in that co-op, this apartment could be great looking with a little bit of work and that's a really low price.
[/quote]

that unit has a tenant... which makes the price rather ridiculous. 200k for a unit you cant even live in?
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Offline European

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #20 on: September 19, 2016, 04:40:51 PM »
If it's too good to be true it probably is.

There is no way you could buy 1BR for 200k in Dunolly. Or probably anywhere else in Historic District.
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Offline Shelby2

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #21 on: September 19, 2016, 08:21:17 PM »
Quote from: eddie on September 19, 2016, 03:48:55 PM
that unit has a tenant... which makes the price rather ridiculous. 200k for a unit you cant even live in?

Are you just assuming that unit has a tenant, or you are in the know because you know the building?  The ad doesn't mention anything about a tenant.  I agree it sounds too good to be true, so maybe there is something wrong with it (like it's occupied by a tenant), but if that's the case, the realtors are deliberately leaving that info out of the listing.  http://www.mlsli.com/homes-for-sale/78-11-35th-Ave-Jackson-Heights-NY-11372-161666993
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Offline Shelby2

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #22 on: September 19, 2016, 08:27:38 PM »
Quote from: European on September 19, 2016, 04:40:51 PM
If it's too good to be true it probably is.

There is no way you could buy 1BR for 200k in Dunolly. Or probably anywhere else in Historic District.

There's a one bedroom at Linden Court listed for $239K.  It's top floor in a walk up, which might explain the low price.  http://streeteasy.com/building/37_22-85-street-jackson_heights/41

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Offline hum@njukebox1

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #23 on: September 19, 2016, 09:48:13 PM »
Price could be consistent with the fact that the unit needs a GUT RENOVATION!!!  Yuck.
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Offline CaptainFlannel

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Re: Curbed: Four Homes Worth Seeing in Jackson Heights
« Reply #24 on: September 21, 2016, 07:52:01 AM »
Anyone gets to say if they think an asking price or sales price is overpriced. It's an opinion. It's just that some opinions are better informed than others.
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