Cassa NY: worthy competitor for insane price championship

Yes, and the place isn't even well built... no separate lobby for the residences, etc etc, developers must be sniffing glue

So two years into and not a single sale. Wow. Time for some consulting from Bravo's Jeff Lewis, except they don't like it when he tells them the obvious:

http://bestplaces.nydailynews.com/voyeur/bravos-jeff-lewis-gets-boot-nyc-penthouse-speaking-his-mind

Jeff Lewis, the guy with the bad plastic surgery and the relationship with his housekeeper that even Freud couldn't figure out?

There're a few sales (on ACRIS but not SE) but the couple I looked at were to LLCs related to the developer and developer's in-laws. The developer's Chapter 11 filing says there've been 13.

The pricing, bad layouts, etc. are pretty much due to the developer's choice of an uneconomic lot to build a high-rise upon. It's only 60'x100'. The inward curve of the 45th-Street facade makes the floorplates go from 60'x60' on the lowest tower floor to only 48'x60' at the top.

To keep a tower that small and tall from swaying too much in the wind, the east and west walls are of concrete about three feet thick. Big money and big reduction of usable space. Then deduct the two elevators and the two fire staircases, and what's left to sell has to carry a disproportionate price.

Good analysis, NWT. I hadn't looked at ACRIS.

I guess it didn't help either that they've been working on this since 2005.

Ah, the good old bubble days, when people whose other companies had names like "Jump Shot Sportswear" and "Glamour Intimates," had lenders forcing money on them. Who could say No?

Another failure by the same developer is http://streeteasy.com/nyc/building/galerie-condominium. The poor designer who did the website, etc., is trying to collect his $95,000 now.

You're right: this one has a better location ;).