Does anyones know what is the current flexibility in price on any of these buildings?
Thanks!

No idea but for the Fairchild it may be worth checking out the discounts from list that the developer accepted on their other building across the street
http://www.streeteasy.com/nyc/building/414-washington-street-new_york

between 7 and 13%

Not large discounts I know but the most recent closing (the 13.4% discount) was in March of this year may be useful as a comp.

CMarc, email me at rogersanchez75@gmail.com and I can tell you more about the summit

"Tribeca, NYC. Bakeries warm with early bread, florists stocked full of blooms wet with dew, black coffee on quiet morning streets. This is Tribeca. A corner of Manhattan with a culture all it’s own…not a subway stop, depot, trading space, rush hour magnet, or tourist trap must see. There’s a heartbeat here, a life force, a pulsing rhythm that reaches up from the cobblestone walks and embraces your soul."

*BARF* to the nth degree.

Hi duecescracked, I sent you an email, did you receive it? Thanks!

Tribeca Summit
May

TREETEASY HISTORY
03/23/2006
Listed in StreetEasy by Prudential Elliman at $2,550,000.
10/31/2006
Listing is no longer available.
02/13/2007
Listing entered contract.
05/23/2008
Sale recorded for $2,412,500.

Somebody got their soul embraced by a pulsing rhythm.

l-o-l

But does anybody know how negotiable they are? the percentage that they are willing to go down? These orices are all pre-crisis...

Thanks!

Hi marc. I am quite familiar with 55 Vestry and 415 Washington. Email me at ravenrain@aol.com

Does anybody know why the Tribeca Summit has had such a hard time selling its units?

what's going on at the fairchild? nothing is selling...

CMarc, Tribeca Summit is a terrible building. Dark apts with small windows with some looking at a dark interior courtyard. Cheap appliances and bath finishes. Poor service. I looked at this building years ago b/c it looked like a bargain in Tribeca, but after being there for 10 minutes I knew why it was so cheap.

I think downtownsnob may be confusing buildings because although there is an interior courtyard and the units have some windows looking into it, they windows are by no means small (they are floor to ceiling glass) and the exterior windows are very sizeable as you can plainly see if you walk by. Perhaps you looked at some of the less attractive floorplans, but most have good light based on my own walkthroughs.

Also I am not sure what constitutes cheap appliances but the only issue i could find is that the hood is just ok but the fridge is subzero, the dishwasher is Bosch, the ovens are gaggenau and the cooktop is viking. The cabinets and all built ins in kitchen are Bulthaup b3 which is very high quality. The fixtures in the bathrooms are good quality kohler. So could you clear up what you mean by cheap?

the main issue with this building is that it had considerable construction delays.

Yeah sorry. I got this confused with Tribeca Space at 25 Murray.

whats the best value in tribeca (condo) in your opinion? Combination of price, location, finishes and view.

CMarc, because the market for large size apartments is moving at a snails pace, you can negotiate some great deals down there if you are looking to buy. Personally, despite all the drama on streeteasy regarding this building I think the units at Artisan Lofts came out looking great, and if you are looking for longterm investment you can negotiate a deal on a unit where someone walked away from their deposit and do quite well for yourself. I have clients who closed a unit there post crash and were quite happy, they have great space, closets, views, finishes, and they wanted a boutique size building.

"post-crash" hahahaha

""post-crash" hahahaha"

I didn't realize this place was around in 1993.

any news on sales at fairchild...thought the bldg was nice...but no sales so far!

Anyone know what the current status is at Tribeca Summit? I almost bought there but hit the escape hatch due to (and made available because of) the never ending delays. I went by the other day and it looks like the construction is still not done (after what, 4 years?). Looks like some folks have moved in, but wondering (1) what % of the building is actually occupied (2) expectations if/when the remaining construction is ever going to be done and (3) what the financial impact of what seems to be a high vacancy rate is on the current occoupants...who is covering all of the common charges and taxes?

the fairchild: i've been looking at this building and have the same concerns about its progress. no one has moved in. street easy is very accurate in that 8 out of 21 units are in contract (this is the same number the sales team at the building gave me). they are talking about january 1 closing for the units in contract.

415buyer3, 35 out of 66 Tribeca Summit apartments have closed. The sponsor continues to own the unsold units and is presumably paying their CCs and taxes. We'd have seen liens otherwise.

Thanks NWT. Do they seem to be eager to sell the other units and/or finish the construction? Or have they put everything on hold, hoping the market will rebound?

Any new developments on the remaining apartments at the Fairchild? Seems like a nice building....not sure why the last remaining units haven't moved. Any idea what the discounts the sponsor is willing to consider? Any other information on the Fairchild would be appreciated.

has anyone been to the open houses?