building at 213 East 2nd Street

Yes, they are beautiful. But way, way out there. Unfortunately I think it's one of the fringe areas that will be hit hardest by the recession. But, if you have no kids and don't need to be very close to schools or public transit, there are two beautiful homes there. The kitchens are not finsihed, but the bathrooms are gorgeous. Only issue I saw is kind of small bedrooms and not a lot of closets. We loved the space but doesn't make sense for us with school age kids.

thnx will give a look

yes very far out of the way. very dissapointing they sold the garage for #7 to the adjacent apartment, it kinda ruins the floorplan of the bottom unit. the top unit is very oddly designed as well. Also none of the kitchens/bathrooms are finished.

Any thoughts if they are going to have any price reductions here?

Here are a couple of related threads:

http://www.streeteasy.com/nyc/talk/discussion/12710-paging-east-village-aficionados-

http://www.streeteasy.com/nyc/talk/discussion/11666-east-village-new-developments

Checked this place out carefully. Do not consider this property without the careful evaluation of an professional. I suspect there is serious problems with the 'bones' of these apartments. There's too much apperent water damage and cover up not to be concerned. No bathroom on main floor.

Here's one more thing...
The asking price is so unrealistic, that alone should give you pause. $2.495MM?????? what do you think that buys you on the UES or UWS these days? The same amount of square feet ALL ON ONE LEVEL (this place has, count'em, FIVE flights of stairs) in an established building with a full time door man near good schools, tranportation, central/riverside parks, and polished building amenities! Don't let the abatement fool you...how much time left?

The bright sparks of hippsterness fade on the once promiseing city of letters. To be reclaimed by the over growth of indiginous urban realities. Whose immediate destiny will be to join here big sister Williamsburg on the boulevard of broken dreams. There is nothing more crushing then attempting to change the face of a neighborhood and failing not for lack of ambition or perseverence but, simply because they run out of steam.

To really be fare, Alphabet City is what it is. The faster that the developers realize this the better. I rercognize that large investments were made at the top of the market. This might explain why we see obvious inflexability in price reduction. They might not have as much wiggle room as we think. I suspect that many of these projects will end up in the hand of creditors and ultimatly be redeveloped and sold at Alphabet City prices but, this time for real.