Skip Navigation

Building at 211 Elizabeth Street

Started by bjw2103
almost 17 years ago
Posts: 6236
Member since: Jul 2007
Anyone know what's been going on here? Per the website, looks like a few in contract, and last I walked by, lots of progress on construction. Just curious what'll happen here - it's a prime spot and a prime building (from the looks of it) but of course asking prices were/are pretty nutty.
Response by downtownsnob
almost 17 years ago
Posts: 171
Member since: Nov 2008

Those prices were nutty even by 2007 standards. $2000/ft to live in Nolita is as u described. I'd love to know if their offering plan allows them to cut prices or if they'll have to pay closing costs. However covering closing costs won't cover the gap between fair price and list prices.

Ignored comment. Unhide
Response by bpwiegand
over 16 years ago
Posts: 12
Member since: Sep 2006

beautiful building very curious how things will turn out here as well. My guess is many buyers will have issues finding jumbo loan financing in this market...

Ignored comment. Unhide
Response by k2k2k2
over 16 years ago
Posts: 21
Member since: Nov 2008

maitenance is expensive here, too...

Ignored comment. Unhide
Response by liquidpaper
over 16 years ago
Posts: 309
Member since: Jan 2009

re: 211 Elizabeth - can anyone tell me why these listings don't show up on SE? The listing agent for the development is Stribling, and their listings do show up here in other circumstances?

Any input appreciated.

Ignored comment. Unhide
Response by someguy
over 16 years ago
Posts: 1
Member since: May 2009

Liquidpaper: I was wondering the same thing. And according to the official 211 website there is still availability in the building. But I feel as if it hasn't been updated in a while. Any news on sales or openings in the building? And any word on what the penthouse will go for?

Ignored comment. Unhide
Response by OldWest
over 16 years ago
Posts: 112
Member since: Jun 2008

There are now up. http://www.streeteasy.com/nyc/building/211-elizabeth-street-new_york

Beautiful building. Crazy expensive per foot and the doorman for such few units means high common charges.

One of my favorite new construction projects in terms of aesthetics though. They did a bang-up job and in person it really lives up.

Ignored comment. Unhide
Response by trevorF
over 16 years ago
Posts: 58
Member since: Mar 2008

i agree...awesome place...it was more awesome when all the stores will filled and shoppers lined the streets. unfortunately, we are in the midst of a downturn and this is one of those areas that is getting killed. i want to live there, but the reality of the day is that nolita is losing her pusle.

Ignored comment. Unhide
Response by maly
over 16 years ago
Posts: 1377
Member since: Jan 2009

Does anyone know what is going on with this building?
I really love everything about it, location, esthetics, all except for the prices, of course.
It looks like the earlier "contract signed" listings are almost all gone, what happened? Nothing closed, does it mean it will go rental?

Ignored comment. Unhide
Response by trevorF
over 16 years ago
Posts: 58
Member since: Mar 2008

uhm...did they only sell a few units? what's going on with this place?

Ignored comment. Unhide
Response by bjw2103
over 16 years ago
Posts: 6236
Member since: Jul 2007

I have to assume that they have no intention of going rental here. They seem comfortable with the relatively slow pace of sales. I'd love to see prices cut in half, but there's really no way that happens, I think.

Ignored comment. Unhide
Response by modern
over 16 years ago
Posts: 887
Member since: Sep 2007

I went to the open house here today. Nice units but small. They have that "new old" look done earlier by the Bowery Hotel, though "darker", lots of black finishes and trim. In fact, I'd say the suite I stayed in at the Bowery Hotel was about the size of a 1 bedroom here.

Great neighborhood but I don't see the value at these prices. The doorman told me two residents had moved in and that the penthouse was sold, FWIW.

Ignored comment. Unhide
Response by maly
over 16 years ago
Posts: 1377
Member since: Jan 2009

Oh rat! I completely forgot about the open house. I wanted to check out the place. Is it finished inside?

Ignored comment. Unhide
Response by modern
over 16 years ago
Posts: 887
Member since: Sep 2007

Seemed finished. Lobby was all done, all black. Open house was a 6th floor 2 bedroom model apartment that was furnished.

Ignored comment. Unhide
Response by maly
over 16 years ago
Posts: 1377
Member since: Jan 2009

Thanks. The prices are all the way up there, but it's really a lovely building and a great neighborhood. In the category of 'if I ever win the lottery."

Ignored comment. Unhide
Response by bjw2103
about 15 years ago
Posts: 6236
Member since: Jul 2007

http://ny.curbed.com/archives/2010/12/29/nolitas_211_elizabeth_street_sells_out_at_last.php

Sold out. The asking prices, IMHO, were insane, but apparently justified, as they got above 2k/sqft in most cases. Curious how this fits into some of the permabears' sub-500/sqft insistence. Not that I like any part of these exorbitant prices.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. 19 Comments
  2. 20 Comments