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]
also not taking sides in the bear/bull argument, but as per streeteasy. it does this confusing thing of taking listings that have been pulled and putting them in the ‘Sales’ column in the ‘activity for the building’ section. however, that doesn’t mean those are actual sales – the ones at Toren are marked as ‘off-market’ – so those aren’t sales, just pulled listings. bad design on streeteasy’s part though – don’t know why they still haven’t fixed that.
“Dude you and an idiot!”
Rock on, BO. Rock on.
You showed me!
Brick Oven:
NB, a forum is a place by which individuals share their opinions. In regards to your treatment of 11217, you’re just sharing meaness.
Behave your blooming self.
From City web site — Harlem affordable coops:
Bluestone East 118th Street Realty, LLC is pleased to announce that applications are now being accepted for 43 cooperative apartment units being constructed at 152 East 118th Street in the East Harlem section of Manhattan. These cooperative units are being offered through the New York City Housing Development Corporation’s Affordable Cooperative Program. The estimated purchase prices for these cooperative units range from $252,184.00 to $324,635.00 and include 10 studio units, 33 one-bedroom units. Maximum annual income restrictions will range from $126,700.00 to 134,400.00.
does anybody think 11217 has a brain now? Dude you and an idiot!
So sold isn’t the best word, entered contract and waiting to close is more appropriate.
I’m not sure what you are saying, Ditmas.
The 34 units at the bottom of the Streeteasy page show the 34 units which have sold. Closings still have yet to happen, if that’s what you are referring to.
It very clearly breaks down the units sold, those in contract and those still for sale.
I stand by the numbers.
> Off market tells us nothing. They may very well have sold.
11217, as much as it pains me to do so, I’m agreeing with brickoven on this one. Off-market does NOT mean sold. There are no actual sales in the Toren as there is no CofO. Period.
http://www.nyc.gov/html/housinginfo/html/homeownership/home_buying_opportunities.shtml
Link for city afforable purchases