I recently ran across an ad in the New York Times Magazine for a recent condominium conversion in New York. It's simply named 1212 Fifth Avenue, and it's near Fifth Avenue and East 102nd Street - at the far, far, very upper Upper East Side.
It's an amazing building, built in the 1920s as a rental, and later used to house people who trained at Mount Sinai Hospital. After being sold to a developer, it was gutted completely, and built into a showpiece.
What's interesting is the neighborhood - across the street is Central Park. The marketing materials have photos of "the neighborhood" like this:
Now, as it happens, we also live on a park - Horizon Park. "The neighborhood" is like this:
There is, however, a slight difference in price. An 1,800-square-foot, three-bedroom condominium unit at 1212 Fifth Avenue goes for, oh, a mere $2.66 million - it is, after all, not the best neighborhood. Our 1,800-square-foot condo went for ... a lot less.
I recall being told many years ago that New York is not real. Uh, huh.
Wednesday, June 6, 2012
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