Schmitty's Profile
- You Don't Need To Know
- 2001
- 2007
- Brooklyn
- Park Slope
- Condo
- Consultant
- Ageless
Author's Comments
Keep me posted as I am not far behind you in your thinking as well.
Posted by: Schmitty at June 17, 2009 1:12 PM in response to DOB OK's the Argyle
Thanks for providing me a link to the group. The folks there appear to be deliriously happy and things are going well swimmingly for them. I will keep watch on the group and see what comes of it. Thanks!
Posted by: Schmitty at June 10, 2009 12:37 PM in response to DOB OK's the Argyle
Unfortunately, I do. Based on the at least 20% down turn in value and the ridiculous banking requirements I am at the point where throwing more money at this is INSANE. I don't want to walk away from this I want to run with as much of my cash as possible.
I saw that were was another person as well as you looking to get out too. I definitely want to out and get as much or all of my money back as well. Any ideas? I am all ears
Posted by: Schmitty at June 2, 2009 11:46 PM in response to DOB OK's the Argyle
For those who want to see for yourselves as proof of temp COO; go to the NYC Department of Building's web site. Their temporary COO is 302269676T001 and it expires on 7/18/09. There are 18 outstanding requirements for this building to obtain its final certificate of occupancy.
Also, in earlier posts folks were talking about the total number of residential units in this building; the Certificate states there are 61 "dwelling" units.
I am sharing this information for all of those who are interested and/or have deposits on this development. I am mulling over what I am going to do so I want to provide as much information for those who are mulling over next steps themselves. The only folks who seem to be talking about this are the people on this site. The posts are informative and at times disturbing (but in a good way as a wake up call to reality) and funny.
Consider this a gift of information; you can use it or leave it. Its a gift and your choice
Posted by: Schmitty at June 1, 2009 4:58 PM in response to DOB OK's the Argyle
Ok, got some information and I not sure if its good or bad for those still stuck with this monstracity of a building:
Temp COO received on 5/19
What does this mean? Window of opportunity has closed to get your money back. They were required to complete 1 closing by 5/31 and since they did 1 (at least) they are not under obligation to refund deposits.
Needless to say I want out by any means necessary. Anyone else of the same ilk? With the market going the way that it is and the banks requiring hefty money from the buyers end you will be underwater in this property if you stay. Well, that's my perspective and I would rather not throw anymore good money on this. Just my personal perspective on a more and more gloomy situation.
If there are others out there who feel the same or have any advice I am all ears
Posted by: Schmitty at June 1, 2009 12:37 PM in response to DOB OK's the Argyle
Anything close?
Posted by: Schmitty at June 1, 2009 10:31 AM in response to DOB OK's the Argyle

This is getting more and more concerning. Did you read this?
Here I am at day 11. And I still don’t have keys to the main front doors, access to my parking space, window screens, appliance warranties, touch up paint. What I do have are uneven and scratched kitchen cabinets, sloppy paint and caulking work, uneven tiles and floors that look like the rolling hills of the Berkshires (okay, that’s an exaggeration, but there are elevation changes by inch in a three foot are all over the place.)
Posted by: joe_the_bummer at June 18, 2009 1:53 PM
Why would you close? Geez....this is making me sick just thinking about it. Can we revolt? Seriously, this is not what I am looking forward to as a new home owner
I think I am going to be sick
Posted by: Schmitty at June 22, 2009 3:01 PM in response to DOB OK's the Argyle