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the platinum 247w 46th st

Started by 2403
over 16 years ago
Posts: 3
Member since: Nov 2008
Discussion about
Any idea if the prices of new unit sales are loaded with the developer paying all closing cost to boost the sales price?
Response by movinup1
over 16 years ago
Posts: 241
Member since: Mar 2009

2403, sounds like a unit # in the platinum. are you selling?

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Response by nyc212
over 16 years ago
Posts: 484
Member since: Jul 2008

According to a friend who deals w/ them, they are both discounting AND paying all closing costs. I don't think the prices are ridiculously high/inflated, given the location and the finishes. $1,200/SF seems okay--although I'd definitely offer 16% to 17% less, with all closing costs to be paid by the Sponsor.

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Response by movinup1
over 16 years ago
Posts: 241
Member since: Mar 2009

what about resales? there seems to be a lot of rentals in the bldg.

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Response by chunderboy
over 16 years ago
Posts: 83
Member since: May 2009

Would you really want to live by times sq? Jeezus, I avoid that place like the plague. IMHO

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Response by nyc212
over 16 years ago
Posts: 484
Member since: Jul 2008

Yes, my friends that live in Buffalo say, "Why would you live in NYC! NYC is too crazy!!!" I, on the other hand, just don't understand why anyone would live in Buffalo.

People like different living environments.

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Response by chunderboy
over 16 years ago
Posts: 83
Member since: May 2009

nyc212, not sure if your response was directed at me, but I live in downtown, I would just hate to deal with the trash in times sq.

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Response by ILoveMuayThai
over 16 years ago
Posts: 125
Member since: May 2009

"I don't think the prices are ridiculously high/inflated, given the location and the finishes."

I am born and raised in Manhattan and am currently renting in the building. The neighborhood is great if you like tourists, crowded noisy streets, loud late night construction (because area is zoned as commercial), and those annoying double decker tour buses. One bus line forms on 46th and 8th (SE corner) other one forms on 47th and 8th.

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Response by movinup1
over 16 years ago
Posts: 241
Member since: Mar 2009

hi muaythai, are you renting from the sponsor or an owner?

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Response by ILoveMuayThai
over 16 years ago
Posts: 125
Member since: May 2009

owner

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Response by movinup1
over 16 years ago
Posts: 241
Member since: Mar 2009

i like the bldg. more interested in buying but the prices are a little high for a 1BR 1M+ and i understand he has quite a bit of units to get rid of. it looks reasonable for a rental though, maybe rent to buy option could work.

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Response by ILoveMuayThai
over 16 years ago
Posts: 125
Member since: May 2009

my advice to you would be to rent before you buy. you should experience living in the building for a while. before i moved in i thought buying in the building would be a possibility, but would not even consider it now.

there are a lot of little things about the building that keep popping up, that just make me feel that it would be a poor investment.

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Response by 2403
over 16 years ago
Posts: 3
Member since: Nov 2008

what are the problems you see that would keep you from buying?

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Response by The_President
over 16 years ago
Posts: 2412
Member since: Jun 2009

no building is going to be 100% perfect. You can't let little problems bother you.

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Response by platinumoffice
over 16 years ago
Posts: 1
Member since: Jun 2009

Please come by the office. We are presently offering 2.835% discounts and paying for your use of the gym for one year for up to one person per apartment.

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Response by movinup1
over 16 years ago
Posts: 241
Member since: Mar 2009

still more interested in buying then renting in the platinum. i have been working with an agent though,

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Response by movinup1
over 16 years ago
Posts: 241
Member since: Mar 2009

platinumoffice are you talking about rentals?

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Response by ba294
over 16 years ago
Posts: 636
Member since: Nov 2007

chunderboy,
I love living near TimeSquare. Lots of shops, restaurants and few mins walking distance to 5th avenue stores. I prefer Brooklyn (williamsburg/Park slope) over Downtown. It's dead after 5pm and I feel like at work or doing something at the courthouse.

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Response by 2403
over 16 years ago
Posts: 3
Member since: Nov 2008

2.835 discount off of what, i thought the gym came with the building

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