How Much to Live in that Slope Scarano?
The Scarano-designed condo on 1st Street between 4th and 5th avenues shook off its scaffolding in July, and some of the building’s 10 units have been on the market for more than a month at this point. (If the broker’s website is accurate, a few of them are already in contract.) Listings in the building…
The Scarano-designed condo on 1st Street between 4th and 5th avenues shook off its scaffolding in July, and some of the building’s 10 units have been on the market for more than a month at this point. (If the broker’s website is accurate, a few of them are already in contract.) Listings in the building are ranging from $649,000 for a 1,012-square-foot, 1-bedroom unit to $1.15 million for a 1,691-square-foot three bedroom. Has anyone checked these out in the flesh?
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thanks mariong as well. nice to hear about the finances — sounds like there is an advatage to a little seasoning in these condos. at least in 20005 the developers actually had money to fix problems! I didn’t realize 4 of the basement units never sold. I believe 2 are for sale now.
Hey Joe;
Maybe Muffie is right: we owners are now reduced to shilling for our condo complex!!!!
Quikazoid;
It’s on both 2nd and 3rd Street between 4th and 5th. We’re the condo development that is more towards 4th Ave.
Rob;
Even though I am any empty-nester now, I still like to have rugrats around. Kids bring life to an area, don’t you think? Come on, Rob, admit it!!
Joe:
I live at the “Heritage” which is # 309 2nd Street. Our building budgeted so nicely the first year that we got a free month’s common charges in August, the charges were reduced 15% as of Sept. 1st and we have a very nice reserve in the bank. Our FINAL C OF O was issued 10/1/09 after a correction was processed. Construction problems were minimal.
The developer here sold 15 of 21 units before the market crashed. A 16th unit recently went in contract but I don’t know the price as it hasn’t yet closed. He is renting out 4 of the 1st floor/basement duplex units, these apartments are least desirable since the cellar “storage” rooms are really recreation rooms with very high windows that many folks might use as bedrooms, but are clearly overpriced. A large 2 b.r. unit on the top floor is currently being marketed at the high $700’s per s.f.
Good luck!
benson, i can’t believe you actually list “swarming with kids” as a plus :-/
*rob*
thanks benson.
@benson – city view is the ones between 4/5 on 2nd st?
Joe;
I’ve been meaning to respond to you. I saw your post that you were looking at a place at 309. I know the present owners there well.
Well, here is my review of CVG:
Good points:
-if you’ve got lots of kids, it’s a great place. The condo is swarming with young children, due to the large apartments.
-all things considered, we’ve had relatively few start-up problems. You’ll always have some issues with new construction, but by-and-large they’ve been contained.
-financially we’re doing well. Good-sized reserve fund built up.
Bad points:
-we still don’t have our permanent C of O. It’s been dragged out for 5 years now. It looks like we’re finally there, but as the old saying goes, don’t catch your chickens until they’re hatched.
-Passive culture wrt the Board. The Boards operate with little comunication with the shareholders. They don’t seek input, nor do they provide. Seems to be fine with most folks there, but it drives me nuts.
benson how do you like living there? I looked at a place and it looked nice.