Sale at 90 William

I was a bit disappointed with the floor plan options on this one.. there were like 3 lines of studio "Lofts" with nothing under 650k, and a huge gap between that and the 1 bedroom prices. The really should have tried to get a few 1 bedroom floor plans around the 600-700 range. instead of starting out with alcove 1 bedrooms at $800k. They did a poor job of coverage of the different markets with the layouts.

There is of course the 1100 sq ft cave starting out at 700k which seems like a good deal on a price per square foot basis, but they wouldnt even let me see the unit. Interiors decent.

There was alot of interest initially by those depositing $200 and have 3 days to recend the contract - so it gave them impression alot of units were taken, however I am curious how many will really follow through with a unit.

Where do you see floorplans on them? There's nothing on the beatwilliams.com website or on the corcoran listings that I could find.

At this point the development is very new, the website isnt complete you need to go and make an appointment and visit the development.

I was one of those people at the sales office on opening day. I put down an offer on a unit and signed today. So that's at least 1 person who followed through. (Really, the prices on the 1 bedrooms were so incredibly better the prices on comparable buildings that it was impossible to pass up.)
They released about a dozen units the first week -- all of those have been sold, so they're releasing more units this week. My broker told me they've already raised the prices on this second set, though. I'm not sure how much they raised them, so I don't know if the deals here are still amazingly good or whether they've been brought up to the level of comprable buildings yet.

I've walked past this bldg many times during the day (I work downtown). This block seemed to get absolutely NO sunlight because of all the taller bldgs around it. To those of you who actually saw the units inside, what did you think? Do you think the units get enough light or are they dark as they seem to appear from the outside? Also, how are the units laid out on the north side? - it appears to look right out into a small dark street with a tall bldg right there

The 2 bedroom apartments face west, which gets fantastic light. No buildings obstructing it, and it even has nice views of that little park beside Zeytuna. No problems at all there.
The units facing north (1 bedrooms and studios) vary. The two units closest to the northwest corner are fine (the building across the street actually has its corner sliced off at an angle which lets a lot of light in that would otherwise be obstructed) so you pick up a good amount of light there, even on the lower floors.
However, the units on the north-eastern corner of the building probably fare less well. I didn't personally look at those, but I wouldn't be surprised if they were fairly dark.

So these listings with what look like very low prices are really for studios, not 1BRs? For what price can you get a true 1BR in the building? And as has been asked, are the finishes good, etc.?

Prices have probably gone up since; but at least when I was there a few weeks ago, these prices were for true 1 bedrooms. They layouts were great -- it wasn't like some buildings (such as 25 Broad) where they call it a 1-bedroom but it's really just a studio with a piece of drywall separating the room into two. The 1-bedrooms are HUGE here -- 1072 square feet.
They do have well priced studios too, if you want; but the 1-bedrooms were clearly the best deal.

Has anyone been by recently? The prices were almost too-good-to-be-true when it first opened, but I imagine they must have increased by now. Is there much inventory still left?

Prices have probably gone up since; but at least when I was there a few weeks ago, these prices were for true 1 bedrooms. They layouts were great -- it wasn't like some buildings (such as 25 Broad) where they call it a 1-bedroom but it's really just a studio with a piece of drywall separating the room into two. The 1-bedrooms are HUGE here -- 1072 square feet.
They do have well priced studios too, if you want; but the 1-bedrooms were clearly the best deal.

Has anyone been by recently? The prices were almost too-good-to-be-true when it first opened, but I imagine they must have increased by now. Is there much inventory still left?

They still have inventory left - mostly on higher floors, so pricier than the first release, I assume.

If I may ask (to commenter 5 or anyone else), what was $/sqf when you purchased your units? I am interested in the 1 bedroom now, think the pricing is still pretty good, but want to get an idea of how much they raised the prices since the first opening. Thank you!

They still have inventory left - mostly on higher floors, so pricier than the first release, I assume.

If I may ask (to commenter 5 or anyone else), what was $/sqf when you purchased your units? I am interested in the 1 bedroom now, think the pricing is still pretty good, but want to get an idea of how much they raised the prices since the first opening. Thank you!

According to the offering plan amendments I recieved in the mail about 2-3 weeks ago, they had raised prices about 2.3% from what they were when I bought the day the sales office officially opened.

That said, though, I don't recall the date on that amendment to the offering plan, so come to think of it, for all I know, it might have taken them weeks to send me that amendment (what do they care about timeliness, since I've already signed). So it's quite possible there has been a 2nd price amendment since then which they haven't yet mailed me.
For reference, on opening day, the 2nd floor "C" line (1 bedroom plus alcove) was selling at 799,000, or about 745/foot. Obviously, higher floors costed more.

Thank you for the info- ! I am trying to sign now. Were you able to negotiate on prices/storage space/closing costs? Mark at the sales office seems pretty stubburn, but I am wondering if I could have gotten a better deal if I walked in without a broker.
Thanks!

#15 - Isnt that the reason why you would have a broker in a preconstruction purchase - otherwise they would seem pretty useless to me.

I am pretty sure these arent negotiable especially so soon in the sales cycle. Wait a year and if there are still units negotiate on it then but more than likely this building will be sold out. Or if you wait too long the prices will keep going up and you will just be negotiating down closer to a price you could have just taken now.

I'd be surprised if they negotiated on the price, too. But one interesting thing -- they're wouldn't negotiate with me even when I wanted to give them more money. On opening day, the sales office was swamped. The prices were so good then that everybody was rushing to buy and each unit had multiple people making offers. (That's not just hype from the sales office -- I actually met someone in the elevator who put an offer on the same unit as me).
Interestingly, the sales office didn't allow the multiple offers to start a bidding war. I even called the sales agent and asked if I could guarantee myself the apartment by raising my bid, and they said no -- first person to return a signed contract at the standard price wins. If they won't negotiate the price UP for me, then I doubt they'll negotiate it DOWN for you.

#17 - are you #14? Hope you got the unit you wanted! Ok, at least I don't feel so left out... :) Did you think that lighting was sufficient enough? I thought it was, just want to get a second opinion. It was hard to tell with all the light fixtures in the model house. I was so tempted to turn the lights all off when no one was looking. HAHA

I just bought a Unit without a broker and they wouldn't cut me any breaks on the list price. Perhaps I wasn't patient enough but the $ per square foot at this building beats almost all new construction I've seen in Manhattan, even at the list price. As for the storage units, they seem overpriced to me and they don't seem to be selling at the same pace as the residential units so I'm going to wait and see. The sales pitch seems to be for buyers to buy the storage units now and include the cost in the purchase price - what's another 15k on your 500k/900k mortgage? A drop in the bucket, right?
Anyone have any info on the completion date more than "end of 2007"?

The sales staff still says just "end of 2007". But as a test, I corned one of the construction guys who barely speaks english and asked him (in my broken spanish) when they'd be done -- I figured he'd be more likely to know the truth (and tell me). He said November or December. So I believe them about that really being the expecte date.