Whenever I see a listing description that says “bring your contractor” I immediately get excited. That usually means that the apartment needs a lot of work, and that the home will trade at a discount because of this – and a savvy buyer can get a brand new apartment customized to their taste – and one that has never been lived in.
This particular apartment has nice views and is in a prime location. The building is well amenitized, and has a highly desirable convertible 3BR floor plan. It also has through-wall A/C and large closets. But what makes this unit stand out is that the kitchen layout includes a window, which is highly unusual for the typical convertible 3BR, in which the kitchen is usually on an interior wall with no window.
I could see the next owner opening up this kitchen to the living room and building a 3rd bedroom/home office in the dining area. Add new floors and 2 new bathrooms, and the price of this renovation on top of the asking price is still less than a comparable renovated apartment.