63 East 9th St #3S Goes Into Contract

Dun, dun, dun, another one bites the dust, dun, dun, dun. We can't help but hum a little as we report tonight that 63 East 9th Street #3S, another apartment that we've visited recently, has gone into contract. Since we saw that unit, which was badly in need of renovation, the price has dropped from $715,000 down to a more reasonable $690,000.

[In Contract Listings]
[East Village Coverage]

63 E 9th Street, #3S - $715,000 - 805 sq. ft

Renovation is the word at this parquet-floor, needs paint everywhere NYUish extravaganza. I am beyond shocked at the asking price, considering that you can get a cheaper apartment in a similar location that is in waaaay better shape. The Citi-Habitats realtor (aren't they a rental company anyway?) tells us that this beauty was recently re-priced. For us to buy this, it would have to be re-priced to around $400 per sq. foot.

There is also no W/D (no possibility of), and it's a co-op that operates under condo rules (a true condop). Who cares, I think, as they can switch over to co-op rules whenever they want. Anyone have condop experiences?