And now, the results of this week's PriceSpotter asking price guessing game...
Location: 160 Riverside Drive, #1B
Most guesses this week came in closer to $2 million than $1 million, which bodes well for these sellers. The commenter who came closest with a guess of $1.197 million reasoned it out this way: the layout and its place in a full-service building should merit an ask of $900 or $1000 per square foot. Take off 10 percent for each of its flaws?high maintenance, first-floor location, and need for renovation?and arrive at an ask of $630 to $700 per square foot. The actual ask: $663/foot.
· Listing: 160 Riverside Drive - Apt. 1B [Corcoran]
· How Much for a Flexible Layout on Riverside Drive? [Curbed]