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KStay2
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« Reply #60 on: August 04, 2007, 05:11:00 PM » |
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Honestly, for NYC, that's really not that bad. I've been doing a lot of research into buying because my roommate/best friend is looking to buy and I would just rent from him. The place seems to be in good shape besides obvious touch ups (ie - new coat of clear coat on the wood floors, washing the walls/maybe new paint.
As long as the hardware/plumbing is solid/up to code it's not bad. The problem you run into with these types of units is needing new pluming/electrical which can be a hassle.
Plus I love the ceiling, and the skylight is awesome.
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David
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« Reply #61 on: August 04, 2007, 05:22:16 PM » |
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^This thread is a little over a year old. That loft is probably worth way more by now lol.
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KStay2
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« Reply #62 on: August 04, 2007, 05:46:07 PM » |
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Hell it seems like if you paint the bathroom in NYC you add $10,000 to the value in a month.
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David
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« Reply #63 on: August 04, 2007, 05:55:19 PM » |
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So I take it TIF funds aren't very common in NYC? Or atleast in Manhattan?
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xumelanie
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« Reply #64 on: August 04, 2007, 07:04:18 PM » |
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So I take it TIF funds aren't very common in NYC? Or atleast in Manhattan?
They may not need them. Developers may be more willing to build stuff in NYC or Manhattan.
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mrnyc
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« Reply #65 on: August 06, 2007, 11:02:35 PM » |
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i see this thread got revived. funny timing we just went out to dinner w/ these folks sat night (we didnt go to the apt tho).
news is they have already paid the architect $20k and are still talking w/ the busy contractors. nothing has started yet. they'll have to be out of there for 6-8 months when work starts (in a couple months).
whoever above said its worth more now than a yr ago hellz yeah!!! prob double. real estate is blood sport in tribeca especially. it has surpassed the upper east side in terms of expensive apts.
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MyTwoSense
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« Reply #66 on: August 07, 2007, 06:49:45 AM » |
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Are you sure? I thought Tribeca surpassed the UES in terms of price of new builds/conversions not the average price of total units in the neighborhood.
I'm pretty sure the UES is still NYC most expensive neighborhood.
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mrnyc
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« Reply #67 on: August 07, 2007, 12:32:43 PM » |
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no i think it is average price. the most expensive zip code in manhattan is 10013 aka tribeca. of course it probably leads due to lack of mixed income and pj's, the diversity of which brings down most urban neighborhoods from silly lists like that (mansion suburbs top them). http://www.forbes.com/2005/04/26/cx_sc_0426home.html
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mrnyc
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« Reply #69 on: August 07, 2007, 12:52:38 PM » |
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that was the 1st thing that came up on google but i see it's still tops. even more so if anything!
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MyTwoSense
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« Reply #70 on: August 07, 2007, 12:56:48 PM » |
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well atleast we can say its cheaper than living in the Kensington Palace area of London! 1.9 million won't get you much there!
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mrnyc
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« Reply #71 on: August 08, 2007, 11:01:27 AM » |
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^ it might in pounds not dollars!
hang on you're gonna get your london kensington palace neighborhoods and more eventually when i get the pics hosted.
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8ShadesofGray
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« Reply #72 on: August 08, 2007, 11:47:42 AM » |
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It is pretty crazy that there are 50 zip codes in the U.S. where median sales prices are $1.3 million! For an extra off-topic hoot, check out Nantucket, Mass. (#39, I think?) ... they show a TINY (and I do mean TINY) bungalow on the market for $975,000.
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MyTwoSense
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« Reply #73 on: August 08, 2007, 12:08:28 PM » |
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^ it might in pounds not dollars!
hang on you're gonna get your london kensington palace neighborhoods and more eventually when i get the pics hosted.
I think the cheapest home in that area go for double digits. so if you'v got an extra £ 10 million. Go for it.
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From Heights to Harlem
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« Reply #75 on: August 17, 2007, 07:43:47 AM » |
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Honestly, for NYC, that's really not that bad. I've been doing a lot of research into buying because my roommate/best friend is looking to buy and I would just rent from him. The place seems to be in good shape besides obvious touch ups (ie - new coat of clear coat on the wood floors, washing the walls/maybe new paint.
As long as the hardware/plumbing is solid/up to code it's not bad. The problem you run into with these types of units is needing new pluming/electrical which can be a hassle.
Plus I love the ceiling, and the skylight is awesome.
This is the funniest thing I've read on Urbanohio in weeks. The real estate market in NYC is not that bad! Too funny!
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From Heights to Harlem
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« Reply #76 on: August 17, 2007, 07:51:14 AM » |
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I went for a run this morning in my area and I saw this listing. www.2068fifthavenuecondominiums.com looking at the website I don't think these are $1M + condos. This is near 127/Fifth avenue. There is also a rehab going on in a former church that will result in 40 luxury condos. I'm so glad I bought way back in the day. People thought I was crazy for buying up here, but I'm having the last laugh.
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MyTwoSense
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« Reply #77 on: August 17, 2007, 09:37:59 AM » |
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I'm not impressed! Yes that's R's loft.
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David
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« Reply #79 on: April 05, 2009, 11:40:33 PM » |
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That's a nice place. It looks cozy.
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brtshrcegr
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« Reply #82 on: April 06, 2009, 04:04:30 AM » |
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Great transformation...much more character!
I took a few minutes to re-read this entire thread and it's sadly prophetic. KJP post on the first page (reply #26) take the cake, but all of the posters towards the bottom of page 1 and top of page 2 were certainly intelligent enough to see what was coming, back in the summer of 2006.
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doctabroccoli
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« Reply #83 on: April 06, 2009, 12:56:38 PM » |
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I sincerely hope their house is still worth as much as they've invested in it.....
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MyTwoSense
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« Reply #84 on: April 06, 2009, 01:18:50 PM » |
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I sincerely hope their house is still worth as much as they've invested in it.....
I would say they are holding steady. My best friend lives down there and he and his partner house has appreciated. They ahve noticed that sales are very slow, homes are on the market long and that people who need to see immediately are reducing prices by 50-100k
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ProkNo5
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« Reply #85 on: April 06, 2009, 05:49:55 PM » |
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MUCH MUCH MUCH MUCH MUCH MUCH BETTER!!! I actually like it now. The dirty room you posted on page 1 made me want to vomit.
Also, thank you for bumping this thread. I agree with brtshrcegr, the first page is fascinating...especially KJP with post #26.
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mrnyc
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« Reply #86 on: April 07, 2009, 04:54:36 PM » |
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^ oh i definately agree. the loft in there when they bought it was the original "classic diy downtown loft" from the 70's. it only had that one previous owner, who lived there the whole time. no chance they were ever going to leave it like that!
btw originally (ironically!) the building was built as a caviar warehouse.
oh one more thing --- re the comments about them buying high and the value perhaps dropping due to the economy, luckily it is a non-issue. they aren't going anywhere, especially after all this work....at least for a long while!
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MyTwoSense
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« Reply #87 on: April 07, 2009, 04:57:00 PM » |
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^ oh i definately agree. the loft in there when they bought it was the original "classic diy downtown loft" from the 70's. it only had that one previous owner, who lived there the whole time. no chance they were ever going to leave it like that!
btw originally (ironically!) the building was built as a caviar warehouse.
oh one more thing --- re the comments about them buying high and the value perhaps dropping due to the economy, luckily it is a non-issue. they aren't going anywhere, especially after all this work....at least for a long while!
Hell, in NYC you can't afford too!
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MyTwoSense
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« Reply #88 on: November 07, 2009, 08:09:18 PM » |
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Well I went apartment shopping today, there are some bargains to be had, but boy did I come down with a severe case of sticker shock. 
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doctabroccoli
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« Reply #89 on: November 09, 2009, 09:47:55 AM » |
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Well I went apartment shopping today, there are some bargains to be had, but boy did I come down with a severe case of sticker shock.
You need ANOTHER place?
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