Mystery Downtown Development Going Affordable
The New York Post ran a story yesterday mentioning two luxury condo buildings in talks with the city to unload their unsold units as affordable housing. One building is in Harlem and the other in Downtown Brooklyn, according to the article, but officials cannot reveal where the properties are while negotiations are still occurring. Any…
The New York Post ran a story yesterday mentioning two luxury condo buildings in talks with the city to unload their unsold units as affordable housing. One building is in Harlem and the other in Downtown Brooklyn, according to the article, but officials cannot reveal where the properties are while negotiations are still occurring. Any guesses, readers? The article says that the city is in negotiations with “banks that have foreclosed on the properties,” and that the Brooklyn development is in Downtown. The leading guesses in the Forum are Forte and be@schermerhorn (above). What do you think?
City Dealing to Make Luxe Condos Cheaper [NY Post]
“Our rental, which is a failed condo project…”
The Clermont, Heather?
“…the bottom of the Streeteasy page show the 34 units which have sold. Closings still have yet to happen…”
11217 – You serious?
“an almost edge-like refusal to lower prices or (so i’ve heard) even negotiate”
That’s not Toren. That’s BANKS/Investors.
***Bid half off peak comps***
Rob – agreed I didn’t mean to limit it to families. I think they could drop the income requirement a bit for an individual so that they too can have a chance to live in a nice new condo in a safe nabe…
“1217 you are the dumbest that is fo sho”
“k i will behave u r right”
Miley Cyrus, is that you lurking on brownstoner??
BO, you write like a 12 year old girl. If there was any doubt in my mind you are a fraud, your comments today have sealed the deal. You add NOTHING to the conversation other than calling people names and telling people who own multiple properties how smart you are to have landed your single rental. You are totally clueless.
I am so glad credit cards are dead. Now I won’t have to feel bad that my crappy credit, which kept me from getting a credit card in the first place, won’t make me feel so inferior.
If I had just gone to college – where credit card companies offer students credit cards all the time – instead of hanging out in the movie theater on Fulton, I could have had a credit card.
Oh well, off to the check cashing store.
11217 you are the dumbest that is fo sho
Hiya Asscracks! The Pole Smoker in Bed Stuy aka PSBS loves to talk about “Green Shoots” right?
Consumer strain: Pens and notebooks put on layaway
http://finance.yahoo.com/news/Consumer-strain-Pens-and-apf-1974175437.html?x=0
NEW YORK (AP) — To gauge consumers’ strain, look no further than the rows and rows of plastic bags awaiting layaway payments at Kmart. They are filled with back-to-school basics — not just T-shirts and jeans but notebooks, magic markers and pencils.
ROTFLMMFAO!!!!!
Burlington Coat Factory Warehouse Corp. said its layaway business is stronger than a year ago. And e-Layaway.com, which offers online layaway services for about 1,000 merchants, has seen its business double from the same time last year. Customers are setting aside even $25 calculators and $30 backpacks.
The Credit Cards are Dead! Layaway is the way to go!
“It just tells you that consumers have no money — even that $30 backpack is something they can’t afford,” said C. Britt Beemer, chairman of America’s Research group.
Tick.. Tick.. Tick..
The What
Someday this war is gonna end..
quote:
I’d like to see familes who are hardworking and maybe only make $40-$90K a year combined get into places like this in a safe nabe that has some nice amenities, sorta what Stuy town was set up like many years ago…
i agree, but also people who choose NOT to breed should get the special advantages too that people who DO breed seem to get in this city. it’s really frustrating that families get preference for EVERTHING. not to mention there is reverse sexism involved as well. grrrrr
*rob*
Totally fair, Snark.
Considering Forte has been on sale for over 2 years and sold only 1/3, I’d say Toren is doing ok given the situation and the fact that they’ve been for sale for half the time as Forte (and mostly during the bust) as opposed to Forte which was for sale well before the bust.
> Ok, so let’s forget the 34 which are called “sales” then for a second.
Consider them forgotten. Even the 29 of those 34 clearly marked as “off-market.” 😉
> What about the 85 apartments under the “in contract” column.
They’re clearly marked “in contract.” Nobody is contesting that. Well, I’m not anyway.
But this does means that only about 1/3 of the units are spoken for. And that means no closings are likely happen until those numbers go up at least a little, because nobody will be able to get financing.
Is that a fair statement?