100 West 81st Street
From the January issue: Amongst a handful of onlookers huddled around an auctioneer in the
rotunda of the New York State Supreme Courthouse last month, a real
estate investor placed the winning bid on an alcove studio for what
seemed like the deal of the century. The price: $28,000.
Yes, that’s right, $28,000 for an apartment in a pristine Upper
West Side co-op building across from the Museum of Natural History. By comparison, a similar studio in the 100 West 81st Street
building sold for $460,000 in 2005, the most recent comparable sale. The shockingly low sale price — more on par with a car than a
Manhattan home — was just $600 more than the amount owed on the
apartment.
