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whats goin on with this building? anyone know?
well units are for rent AND sale if that tells you anything...this developer puts things in odd parts of harlem no near other new nice shiny stuff.
I like the location, just not the prices or the CC. Is it completed yet?
Wow, astronomical common charges. Is this a land lease??
This building is a land lease and right across the street from the St. Nicholas projects. Two reasons why it's not selling although I believe it's primarily because of the land lease. Note that the common charges go up by a set percentage each year due to the lease. By the time the tax abatement and the land lease is up, anyone living in this building is going to face sky high monthly charges. It's not worth it.
BTW, anyone know why some of the units were listed as sale but then are listed as unavailable? Did the developer pull the listings? Or did the developer sell off a block of units to an investor?
My comment from 3 years ago is even MORE true now. There are just WAY more brand new buildings in harlem with better everything than this.
Yes, though most of them are selling out pretty quick... both 88 Morningside and Apex are just 1 unit away from fully sold, and in both cases the last unit is under contract. The Livmor is fully sold out... 5th on the Park is very close to being sold out. The only stuff left in lower Harlem either has MAJOR warts (like this building), or is priced to maximize sale price (I'm thinking 2280 FDB here).
I actually put an offer on a unit and am glad my realtor advised me to not go over a certain amount. An agreement was never made so I ended up going with another place. I would be so upset knowing that my "luxurious condo building" was now being advertised as a rental.