200 Chambers Street--Tribeca

They can't be really renting as the building isn't open.

I think that many of the low floors were bought by investors looking to flip. Most of the higher floors are 2-3 BR which are sorely needed by families looking to move in the neighborhood.

There is a provision in the contract that states that buyers are not allowed to advertise their units for sale (flip) until 1 year after the final closing date of the sponsor units. Obviously they are breaking this rule...

My guess is that as more higher floor units are closed, you will see a smaller proportion of units on the market. Everything on the market now are definitely "b" level units.

BTW -- I am a buyer who plans to live in the building . ..

I am quite surprised that management is not enforcing the contract because the building looks so beautiful yet have these rentals that are cheapening the property and the area. Who wants to but into a building with so many transient renters.

also -- FYI -- many of the rental listings are actually multiple instances of the same unit; many brokers list as there are no exclusives on some so I would say the number of rentals is about half of the number listed . . . kind of a misleading bug in streeteasy

#5--I am a broker and just checked our listings re 200 chambers. We have 50 units for rent in the computer.

umm... that seems a little fishy #6. There have been less than 50 closings listed, and if you look at the rental listings here the last two are for the same unit (for example).

I would be suprised if EVERY unit that has been closed on is on the market as a rental . .

5 here--I hear you and I admit I took a cursory glance. I will take a better look. I don't do rentals so am not really aware other than what OLR says.However, it did say 50 active rentals, and listed all the apt numbers as well as which broker is handling them.

sorry I meant "#6 here" in previous post

#6 here again--The OLR system does say 50 active rentals available. Some say dates in the future as the move in date (like april 1st, 15th, or may 1st) so perhaps are looking to line up tenants to move in after closing?

Wow 50 rentals why don't they make 200 Chambers street building a rental building.

wow. it will be interesting to see if this translates to the larger units in the building; my guess is a large group of the low-floor 1BR/studios are for rent -- can you confirm #6?

#12--#6 here. Yes, the majority for rent seem to be 1 beds, mostly low floors. Looks like 7 2 beds and 3 3 beds are also available.

Just out of curiousity does anyone know if any of these units have been rented. I was wondering if the prices are a bit high for 1 bedrooms. Should be interesting to see what the level of interest of people renting would be in this building.

looks like 6 1 bedrooms have been rented, ranging from $3700 on the 4th floor (j line i think but may be wrong) to $4800 for the 18 or 19th floor b line.(these are the prices they listed. Truthfully as I never do rentals I am not certain what the rented prices actually were)

interesting -- the 18th-19th floor probably wont be available for move-ns until at least late April/early May as closings havent even been scheduled for floors 20+ . . . supposed to be mid to late may closings for floors 20+

Does anyone know what penalty if any can an owner be liable for if thaey rent a unit in this building when in fact it states in the contract that they have to wait a year before doing so.

btw -- I found out that MANY of the "50 listings" are ghost listings by . . . get this . . . unethical brokers! many are the same apaprtments listed multiple times by 3-4 brokers. big suprise!

#18--that is what I initially had thought (though In my previous experience with OLR I hadnt seen the multiple listing/bs listing phenomenon) However as they all state the apartment numbers, they seemed legit.Apts listed:2E,2R,2U,2B,2J,2N,2F,2K,2S,2L,2M,2P,3R,3U,3G,3L,3M,3N,3J,3D,4F,4H,4K,4M,4U,4S,5F,5G,5S,5N,5M,5K,5B,5L,6K,6R,7T,7M,7I,7L,7Q,9C,9E,10F,14D,17A,19G,19E,23D,29C

Pretty sure they havent closed anything above the 10th floor; the rentals are suspect above that

however it seems like almost all of the units in the "arms" of the building (facing chambers) are for rent . . . the Tower (where the 2BR-3BR) are located are above the 8th floor; my guess is that there will be a different story there

Sounds like the developers of 200 Chambers street sold knowingly to investment group whose sole intention was to rent and flip. Kind of tells you something about that development company.

big time, very legit developer:
http://www.resnicknyc.com/Residential/Residential_Main.html

has a very solid reputation in the commercial space, and has some very well run rentals and condos

interesting that if you check out the WiredNY forum that it appears that many of the low floor units have been purchased by asian investors -- see this post:

http://www.wirednewyork.com/forum/showpost.php?p=153134&postcount=330

That buiding is filled to capacity with renters and flippers.