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January 10, 2007
The Vermeil: Sterling Place Crash Pads
There are no photos up and no text, but Brown Harris Stevens is already teeing up listings at the Sterling Place crash site condos which are being called The Vermeil. There's been a sign on the building for the last week or so as well. Right now they've got a 1,927-square-foot place listed for $985,000. Any other info?
Sterling Place Condominium [Brown Harris Stevens] GMAP
Sterling Place Crash Site Shaping Up Nicely [Brownstoner]
Developments Rising at Sterling Place Crash Site [Brownstoner]
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Comments
"Crash Pads" - Ooooooooooh! That's awful
Posted by: Anonymous at January 10, 2007 11:49 AM
Prices go up to $2.3 mil and most are well over $1.5 mil. Sure hope they are nice.
Posted by: Anonymous at January 10, 2007 11:52 AM
As usual the sq ft measurements are ridiculously off. Take apartment 5A (for 2.3M) they list it at 1758sq ft yet a most opptimistic look at THEIR floorplan shows an apartment that is 19'x80' (very opptimistic) which equals 1520sq ft which is a 15% exaggeration. And translates into a $200 a sq ft exaggeration.
Posted by: David at January 10, 2007 12:08 PM
if the property is a Condo, the common areas such as hallways and landings for the respective floors are considered part of the alloted square footage. Buyer beware! Everyone is credited with the common areas as part of the square footage and you get suckered into thinking it's a HUUUUGE appartment when it's just kinda big.
Posted by: Anonymous at January 10, 2007 12:23 PM
Where's the floorplan?
Posted by: Anonymous at January 10, 2007 12:28 PM
thevermeil.com
Posted by: david at January 10, 2007 1:21 PM
Somehow I don't see the appeal of naming a condo after former eagles coach Dick Vermeil.
Posted by: go eagles at January 10, 2007 1:46 PM
$1300/sf? $60K for a parking spot? All that and a noisy busstop too! Wow.
Posted by: Anonymous at January 10, 2007 2:59 PM
B-stoner, here's some other info that I find newsworthy and great, however inflated the prices or square footages on this place: The developer IS topping the place off with a great looking cornice--something you had wished for in your original, fairly positve posting about the building--based on the rendering at thevermeil.com. Which is great for the block. Pretty handsome building for a newbie.
Posted by: Bob999 at January 10, 2007 3:10 PM
I think it's shameful that there's never been any kind of memorial or plaque to mark the spot where 90 or so people died in 1960. In fact, the Sterling Place crash is still the worst plane accident in NYC history (bearing in mind that 9/11 was not an accident). I hope the new developers plan to put something there as a tribute.
Posted by: Brooke Lynn at January 10, 2007 4:31 PM
American Airlines #587 that went down in Belle Harbor, Queens in November 2001 topped this as worst plane accident in NYC history. If a plaque or other memorial hasn't gone up by now, it ain't happening - I can't imagine a developer wanting to remind potential buyers of the history of the site.
Posted by: Anonymous at January 10, 2007 4:53 PM
There IS a plaque, in Methodist Hospital, but IIRC it's only for the little boy who briefly survived the crash.
Posted by: Bob Marvin at January 10, 2007 5:25 PM
The memorial for the little boy at the hospital could include a memorial for all the passengers of the plane, even if the rest didn't survive long enough to arrive there after the crash.
Posted by: Anonymous at January 10, 2007 6:02 PM
I think the "crash pad" pun is in poor taste. Many people lost their lives and it was a horrific accident that began when two commercial airliners collided over staten island. the plane that came down at sterling and 7th avenue was desperately trying to reach laguardia, and the people on board were probably well aware of their fate while it was all happening, and they had a lot of time to think about it.
Have you thought of the fact that some of the victims have family who are still alive, possibly living here in nyc?
Sorry dude, your humor isn't working for me here.
Posted by: Anonymous at January 10, 2007 6:13 PM
the vermeil......you too, can live in a graveyard!
Posted by: adriennui at January 10, 2007 7:56 PM
How come when buildings are given names, those names are always sound English, Latin or Greek? I'm still waiting for The Gonzales or The Berkowitz.
Posted by: OneL at January 11, 2007 9:39 AM
I livee next door to the Vermeil on the ground floor. From my backyard I have been able to observe the poor quality construction. Whe I sa on BHS condos listed for 2M+ I thought to myself this is a robbery. These apartments are not worht more than 500K. I have been in construction for many years an this building is build with the cheapest possible materials on the markets!!!
Posted by: tonino at January 15, 2007 11:06 PM
I was there on the weekend, It was at the first open house.. By far it is the best I have seen around.. They offer you so much and to boot they added extra soundproofing in the floors and walls.. You can sense in the model that its gonna be very quiet.
its 1000/sf but they offer you top of the line stuff. Before you all pass judgement you should take a look and see for yourself. As for the crash site, I mean I understand but there is no reason to go back in history. Its CONDO time people.. and for you homeowners around that street, you should be happy such quality work is being done. Its only gonna raise the value of your properties that you purchsed for pennies just a few years ago!
Posted by: Anonymous at January 16, 2007 6:33 PM
Shame on Brown Harris Stevens who in their greedy quest for giant commissions are the agents for such an inferior product as are these condos at the Vermeil (similar in sound to Vermin, appropriately). You can do better buying in Manhattan! No value for the buck here folks, but don't take my word for it. Go see for yourself at an open house and get exposed to the small, over priced spaces represented by the condescending attitdes of the Brown Harris Stevens staffers. Just plain YUK!!!
Posted by: James at May 13, 2007 8:59 AM
BROWNSTONER, THAT IS ONE OLD PHOTO OF THE BUILDING. MUST BE FROM MONTHS AND MONTHS AGO.
Posted by: guest at January 10, 2008 7:10 PM
I live on this block, which is really nice closer to 6th but the vermeil happens to be across the street from two rent-controlled buildings which have some unsavory tenants.
Posted by: guest at January 11, 2008 11:08 AM
I am still trying to find the layout and the website www.thevermeil.com. I am not so sure BHS can get away with such prices in the current market meltdown and the upcoming inability of buyers to get exotic mortgages. Plus I am hoping that buyers will do their due diligence and get an expert's opinion to confirm what the Brokers are saying.
That said I am not surprised that they are using modern marketing techniques (i.e. creative truths) to get high paying buyers. Corcoran does marketing magic all the time. Including selling buyers a two bedroom which are really large 1 bedrooms with a dining room (see their site).
What perplexes me is why the public likes being duped into paying $100K+ more for apartments just because brokers & developers put in viking stoves and marble if not faux marble materials they buy at wholesale prices....Even if the public bought them at retail prices the maximum we would pay would be an extra $20K. Must be a sign of the times.
Posted by: guest at January 23, 2008 6:05 PM
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