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More Real Estate Porn

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Note to regular readers: a variant of this post ran in early January.

I recognize for most readers this is a distraction, for a minority, a curiousity, and for a very few, of possible interest for them or someone they know. So I ask you to indulge me here.

I thought I would introduce a real estate opportunity (yes this is an ad of sorts), an unusually large and well outfitted furnished Manhattan rental. The lessor had it on the market for a few days, and had to take it off (called out of town, which lead the entire timetable to be pushed back a month plus. Tenants for rentals tend not to look much in advance of their target occupancy date).

Readers did make some observations in January, which the lessor addresses at the bottom of the post. Note that comments on this post only will not be accepted. If you have questions, please call the contact number listed below.

The apartment in question is a glamorous, large furnished one bedroom (over 900 square feet, 10.5 foot ceilings) in Manhattan on Park in the 70s, available for a one-year rental. Special features include:

Superb location. Near museums, galleries, movies, restaurants, boutiques, food markets, and major bus and subway routes. Well served by taxis, even at rush hour

Beautifully decorated and very well appointed. Important French Art Deco furniture and Japanese artwork, Baccarat crystal, Ginori and Quimper china, copper cookware, fine barware and serving pieces.

Large, gracious living room (19’X23’) with herringbone wood floors, well suited for entertaining or meetings and an impressive rotunda outside the apartment

Bright and sunny. Unlike most Park Avenue apartments, the apartment gets ample light from both east and west. The bedroom looks over a garden towards a church spire; the living room faces Park

Marble entryway and kitchen, and marble sills throughout

Renovated marble bath

Fully equipped for work (three phone lines, DSL or cable modem available) and leisure (stereo with large CD library, HDTV with DVD and VCR players, copper cookware and extensive kitchenware for the serious cook. Fine bed and bath linens also included

Pets considered. No smoking.

Attractive price. A smaller unfurnished one-bedroom in this building os currently listed for a higher price. In addition, the rent includes utilities.

No brokerage fees

24 hour doorman, live in superintendent. Washer and driers on premises

Please contact 845 750 6164

Responses to earlier comments:

Yes, the apartment is large by Manhattan standards. One of the people who saw it in January (successful professional, many friends in Manhattan, lived here part-time furnished rentals for years) said it was the largest one bedroom she had ever seen. Many Manhattan apartments are listed with exaggerated square footages.

The apartment is well priced even in this weak market. One volunteered that it was VERY fairly priced, another offered a $2000/month premium over the asked price to take it for a three month term. But you can certainly find cheaper furnished one bedrooms if price is a driving consideration.

Agreed, that living room photos are not as good as they should be. I hope to get better pictures soon.

The Chinese chest is antique, to my loss. I bought it over 20 years ago from a very good dealer. Many materialized on the market, and enough were fakes (but had the same look) to ruin the market for the genuine article.

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23 comments

  1. Anonymous

    Man, people are entitled. Yves slaves away to create a great blog, then puts one ad up and the jackals rip her to pieces.

    This is a blog providing outstanding commentary for which readers pay NOTHING. Grow up, people, and check your inappropriate sense of outrage at the door.

  2. Anonymous

    It’s her blog in the end. However I do wonder if the readership is really her target audience anyway. And I second (third) the comment about not listing any price.

  3. Mike

    Relax folks. It’s one advertisement.

    Yves does a brilliant job and his hard work and insight is much appreciated by this reader.

  4. Anonymous

    So I ask you to indulge me here.

    Never ask the peanut gallery for its indulgence. Look at the posts above. For instance:

    Completely inappropriate posting which has resulted in the deletion of naked capitalism from my reader.

    Pathetically blatant troll, or retard? You make the call.

    Personally, I always like a little real estate pr0n. Though that bathroom is rather dark for my tastes.

  5. kennethjulikiera

    If you keep lowering the asking price, it will move. All real estate moves if the price is low enough.

    We each need to do our part to wrest out the mal-investment in the economy, hasten the economic bottom and thus begin the recovery. Manhattan real estate is the global exemplar for mal-investment. You would be doing your part to help the economy if you would move your price down faster than everyone else.

  6. locust

    LOL!

    And here I was assuming the apartment was used for making porn movies. After all, that’s what they do in a lot of those Hollywood Hills homes up on Mullholland. Hey, they still gotta pay the rent somehow.

  7. Kevin Smith

    It is interesting to see the apartment, a tiny slice of life in the big city. No problem. Nice diversion in a great blog.

  8. Anonymous

    I worked for one of the big residential RE developers in Manhattan. 900+ square feet is large for a 1BR.

  9. Tlazolteotl

    The only critique I have is that really, it would be nice in RE ads that the pictures be of the actual place/space, and it’s features, rather than the stuff owned by the current occupants. I have this same complaint with a lot of MLS ads for houses I have looked at. If I am shopping for living quarters, I want to see that in the ad, not your stuff!

  10. Anonymous

    “The apartment in question is a glamorous, large furnished one bedroom (over 900 square feet, 10.5 foot ceilings)”

    Unexplained American Economic Anomaly: why is it that someone well off would happily live in this 900 square foot BOX in Manhattan and consider themselves in posh circumstances but if they bought a HOUSE it would have to be 5000 square feet to even be considered?

    Funny how all the house buying books I’ve ever seen never compare apartment size to house size.

  11. Anonymous

    It’s a transparent ploy to boost search engine traffic! Let’s check the keywords: “naked”, “porn”, “bedroom”…

  12. Anonymous

    “This is a blog providing outstanding commentary for which readers pay NOTHING. Grow up, people, and check your inappropriate sense of outrage at the door.”

    Worst ever.

  13. Anonymous

    That artwork over the bed seems a bit “busy”.Would not feng shui dictate something more…restful…above the bed?
    But the art itself is good, I’d just worry about its effect on the …restfulness…of the space.

  14. macndub

    I love RE pr0n, Yves. And a fantasy life of Park in the 70s looks better than Calgary in the minus 40s. Thanks for your hard work today.

  15. Anonymous

    Nice, but I am currently overpaying for my crappy apartment in Stuyvesant Town on a two year lease to consider any other property in Manhattan. Nice to know that the place I live was the biggest clusterf*ck real estate purchase in nyc history.

  16. Anonymous

    Why don’t you put a price on it. Obviously it’s overpriced. It’s a nice place.

    My guess is $4500 a month. Now where will you find someone who owns no furniture for that price???
    Yeah, a visiting business person; but the deposit must be what, 10k????

    Next Post should be- “LET’S MAKE A DEAL”

    Have your readers put a price on it! Let the market speak. You’re friend is attempting to avoid marking it to market.

  17. Yves Smith

    No, price is being shown in ALL other venuse where ONLY people looking for an apartment will be searching/reading.

    99.99% of the people reading this post are NOT looking for a furnished rental in NYC. They have no idea of what the market is. And yes, I checked the order of magnitude. It is correct.

    Given the considerable number of snarky comments by people who are annoyed that this post is up, all including the price would do is invite uninformed attack,

    The few people who might be interested will call. The rest can go on to the next post.

    This is not a mark to market situation. There was already an offer for $2000 a month over the ask for a three month rental. However, the lessor does not want back to find a tenant again in a few months, even though it would probably be more profitable.

  18. Ted Seeber

    First of all, this is Yevs blog to do with as s/he wishes.

    Secondly, this does mean something to me even though I live in the least populous state on the other coast- that we really do have multiple classes in America, that class warfare is really happening, if ANYBODY can afford to offer more than my mortgage payment “over ask” for an apartment that is in about the same shape as my house but 500 square feet less.

    If anybody doubted that classism still exists and that Wall Street has WON the class war, just look at the difference in standard of living between Manhattan and Beaverton, OR (the later being known as a high class neighborhood for Oregon).

    The rest of us are just occupied territory paying tribute to the winners of the class war.

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