We are looking to buy a condo in Murray Hill. Give the market conditions, what is the best price/sq. ft that

Ram
Home Seller
10016

we can bid for a 2B/2B? Also any suggestions to buy in the neighborhood would be highly appreciated.

Answers (4)
Efrom Allen
Broker
10016

Murray HILL is probably one of the best areas in Manhattan to find a good price for what you are looking for the market has not gone down and is going up the prices asked now are very close to what they are getting. Depending on the reason the seller is selling will determine the price. I live in Murray Hill myself and the more desirable apartments will go fast and at a good price. I think you should expect to find prices between $1000 - $1200 per sq. ft and the buyers have been coming out there is no new inventory coming to market and supply and demand is keeping the prices up. If I can help you feel free to contact me Efrom Allen at Best Buy New York Realty LLC

Thu Oct 29 2009, 17:25
Efrom Allen
Broker
10016

Murray HILL is probably one of the best areas in Manhattan to find a good price for what you are looking for the market has not gone down and is going up the prices asked now are very close to what they are getting. Depending on the reason the seller is selling will determine the price. I live in Murray Hill myself and the more desirable apartments will go fast and at a good price. I think you should expect to find prices between $1000 - $1200 per sq. ft and the buyers have been coming out there is no new inventory coming to market and supply and demand is keeping the prices up. If I can help you feel free to contact me Efrom Allen at Best Buy New York Realty LLC

Thu Oct 29 2009, 17:24
Aileen-Manha...
Agent
New York, NY

According to Miller Samuel - Murry Hill neighborhood - the average price per square foot for a 2 bd, 2 bth home, during the 1st Quarter was $1,209. For the 2nd Quarter, the average price per square foot was in the mid $1400s.

If you're looking for additional recommendations on selling in Murray Hill, interview a few Realtors and choose someone with whom you feel comfortable. If you're looking for recommendations on buying in Murray Hill, you should think about hiring an exclusive buyer's agent. They'll provide useful market information on the type of the apartment, the type of building (full service, attended lobby, non-attended lobby, differing amenities), days on market, listing discounts, etc... Good luck. Contact me if you would like a referral or more info.

Sun Jul 13 2008, 00:07
David Vipler
Agent
10016
FIRST ANSWER

Volume is down but prices are actually up this year vs last year. It continues to be a buyers market with more inventory. Although many listings are still at higher prices, the actual offers and deals are getting m,ade at lower prices. Tthe gap between the asking and sales price is widening. In modern condos with amenitiues, like the Corinthian where I live and work, prices are appproximately $1100/SF for a 1 BR and $1200/SF for a 2 BR. Slightly lower on low floors and slightly higher for high floors.
David Vipler
Vipler Realty LLC
The Corinthian Condominiums
917-375-5673
dvipler@msn.com http://www.viplerrealty.com
.

Sat Jul 12 2008, 11:23

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