We're starting to think about retirement and looking to buy an apartment in the distant future in NYC. Although we've owned property in the DC area, I'm not at all familiar with NYC real estate, except to expect a lot less for the same price.
Some of the listings don't seem out of reach, but there seems to be some underlying issue that I'm not understanding. For instance this property has been sitting the market for a while -
https://www.redfin.com/NY/New-York/150-W-87th-St-10024/home/45202730
Can someone enlighten me on what's wrong with it?