AZURE intelligence! == new construction on 91st & 1st

Wbottom, WHAT are you talking about?

I said it before and I'll say it again, the train is actually moving whether slow or not. The reality is most posters on this board aren't really looking to buy reasonably priced new construction which is what the Azure now is, they just want to be glorified "yentas". Well blab away while some people actually get great homes to live in.

Wannabe, I'll say it again as well! How long can they go on at this anemic pace? They have not sold a single home in the top of the tower (where the highest maintenance charges are) in almost 4 years of marketing. Not one! (except apparently to one of the developers themselves). That is the point. How long can they sit on a virtually empty building. It is a question any buyer needs to ask himself before signing the dotted line. Yes, they are beautiful and spacious homes. Dematteis builds very well. But is it worth the risk?

Residence 9B , a 1,198 sf 2 bedroom, 2 bath With North and East river views has signed a contract today April 15th.

Buyer should have retained an attorney to explain all the hazards of Azure ownership ... or should I say "ownership"?

It is with great pleasure The Sponsors of Azure would like to announce that Wells Fargo has approved Azure for its full line of mortgage financing products. Their market rate financing and the details of the Wells Fargo loan products will be available at the sales office and from the dedicated Wells Fargo Loan Officer beginning next week. Azure has passed the rigorous requirements for approval at Wells Fargo resulting in competitive financing now being available from both HSBC Mortgage Corp. and Wells Fargo. With the increased availability of credit at Azure the building will now appeal to a wider universe of buyers.

The clearing price for a low-floor 2/2 appears to be $750/ft².
http://streeteasy.com/nyc/sale/571539-condop-333-east-91st-street-yorkville-new-york

Interestingly, both 4A and 9B are 31% discounts from the original asking prices; not the most recent list. The sponsors are touting how great the values at the base are, yet they are still discounting dramatically to get buyers to finally see the 'value". It also explains why they haven't sold anything up above. They are simply not willing to discount at that level and no one will pay what they are asking. Wells Fargo's involvement is a very welcome development and should be very helpful, but before you can finance you have to get an accepted offer.

star8360...by far the largest axe to grind of any property

LOL! I have not made any statements that are not supported by the facts. I have also complemented the beauty of the homes, the quality of the construction and the positive addition that Wells Fargo makes. It doesn't change the facts however. As a broker, I don't feel comfortable bringing my customer to this building because I think it is too risky for the amounts they are asking. I don't care that they are paying 5% commission. My integrity is worth more than money. I think others should be aware. You are free to post counterpoints if you have them. That is your right.

star8360 - as a broker, if you had a client who is looking for a home for the next 10 years, please tell me what apartments you would show him that would come close to the package they would get at the Azure (size, quality, amenities, etc)for a similar price...particularly knowing that deals at the Azure are happening well under $1,000/ft.

Is the Azure a NYCHA property?

alanhart no

As a broker, I have sold at The Visionaire in BPC. Leed Certified, Amenities far superior to Azure including swimming pool, far better views from most homes, easy access to mass transit, located in one of NY's best school districts and safest neighborhoods and 80% sold.

A heads up for everyone that Liberty Luxe and Liberty Green (both brand new construction Condos on a land lease in Battery Park City) have both gone rental! Why? They were asking too much money for their apartments and they refused to reduce pricing. Perhaps they will be brought back to market at a future date. 99 John did this to good effect and today they are now above 50% sold and are no longer renting any homes. Back to BPC, 1 Rector Place significantly reduced pricing and is doing well. The Visionaire always had good pricing and so, they too, have done well, having passed the 80% sold mark.

With 4 tower combos now in contract and most of the base sold, clearly momentum has turned. Critics, what you got now?

Since you ask, I'll bite. Per Streeteasy only ONE tower home has sold. ONE! And per posts above it is to one of the sponsors themselves. Second, where do you figure that most of the base is sold? They still have very little occupancy in this building and it has been completed for more than a year. Three, I don't think anyone has said it will never sell. It has been said that it WILL sell when it is priced appropriately. Some of the closed sales have been up to 30% off the last ask. But that is for the lower maintenance base. The "Tower" has a tough row to hoe: High Prices plus High Maintenance. This is almost half of the tower. EMPTY! What you got?

What's up with the rental? Sponsor? Disgruntled owner? Looks like a B unit

sorry to just ramble, but (what are we?) 3 years into this post-bubble period, and the irrational/wishful pricing, especially in the rental condo market, is just astonishing to me. i guess it's because every project has its own financing terms and timing and drop-dead scenarios and places on the nothing-to-lose spectrum. i really thought we'd just have a big crash, a year or two of fire sale, clear out a ton of inventory, and be done with it.

instead, the stalling just goes on and on and on ... i can't tell if it's because activity has picked up somewhat due to buyer confidence coming back (less fear by people that a layoff is imminent), or if it's that buyer activity is so slow that new development sellers don't believe a flood of buyers will actually materialize, even if they slash prices. (they may fear that the buyers will just sniff at the discounts and demand more.)

this building is a landlease, no?

NO surprise. Aboutready doesn't like Azure, so Wbuttocks must also follow along.

the only mistake this building ever made was being completed about 4 years too late.
for the plan to work we need only the simple services of a time machine.
without that key ingredient the Azure is going to have to alter the recipe.
for now we can consider east 90th in Cairo......

seeing that the Azure is on the bank of de-NILE.

Agreed Falcogold. Except, I would push it back at least 5 years. Azure has already been on the market for almost 4 years and has sold very poorly. They would have had to come on the market during the boom years of 2005/2006.

No response Wannabe? While you're thinking, please tell us your theory as to why so few homes have actually closed? Check Streeteasy. The building is clearly still pretty much empty. Two of the few buyers who have actually closed have already listed their units for rent.

Well perhaps they are facing reality. 4E just sold for $471,510 but was originally listed for $708,000.
If they are actually giving a 33% discounts they actually could sell out this building.

Has the East River garbage dump near this place opened yet, or does Azure still enjoy freedom from competition?

Good one Alan! But also timely as it was just announced today that a lawsuit trying to block the waster transfer station has been thrown out. So, yes, the Garbage and Assorted Waste Transfer Station will be built right down the block soon.

Waste transfer station is not that big a deal for the Azure.
It might bring more trucks to the hood but, I doubt they will be lining up anywhere near the Azure.
Between York and first, that's a different story.
The building facing Asphalt green will be punished as well as the buildings in east end between 89 and 90.
The smell of fresh trash in the morning...
It smells like..................trash (at least it's fresh trash and not so smelly)

star8360,

I am actually buying in the Azure. I will be closing in the next few weeks as will at least 2 other nice families that I've met. As I said before, the Azure is offering exceptional value for what I am getting. I had my choice of financing options (HSBC, Wells and Chase) and found a 30-yr fixed mortgage for an extremely competitive rate. My apartment had no problem appraising and I've been told others appraised easily as well.

Perhaps the original prices didn't reflect the current real estate market or demand for new construction with a ground lease on 91st and 1st but activity is picking up and my family is about to move into a signficantly better apartment than anything else I've seen over 9 months of looking in terms of both size, price, functionality and amenities.

The SE message boards are filled with past discussion threads of posters trashing buildings declaring more disasters than ever actually happened. The Azure will be the same way.

It will take longer than the sponsors would have liked to sell all the units and I'm sure they won't get as much as they originally thought but this train is moving and for actual buyers who are looking for new WELL CONSTRUCTED (not as easy as you think to find) larger than average apartments, pricewise, I don't think anything in the city right now compares.

Wannabe, Congratulations! I wholeheartedly mean that. I too have said that Azure is well built and the apartments are, in fact, larger than average. My statements all along have been that they were grossly overpriced. Hopefully, you are buying a a price that is low enough to deal with the incredible amount of negatives that come with this tower and are well documented by many posters above. You did not, however, address my question. Where are the sales? What happened to the bulk sale? Are the prices so low that they are afraid to have them close? It has been almost 4 years and the building is still virtually empty. These are very real issues. They have sold NOTHING in the tower. You have to be worried how long these apartments will be empty and how long the sponsor will stick it out. If you need to resell in 3 or 4 years you will likely still be competing with Sponsor units. And while you are comfortable purchasing, most others are not and that is why sales are so slow. That is why it is important to get a great price when you move in. I hope you got that price. I wish you and your family all the best.

I've been reading these threads over some time as I was contemplating purchasing an apartment in the Azure. I'm amazed at how much pointless back and forth there is regarding a property that most people posting on this board will never live in. The fact is, purchasing real estate is an intensely personal decision. I'm not sure whether to be troubled or amused that some self identified brokers proclaim on this board that they would never take their clients to the Azure. That sort of blanket statement is wrong and suggests the agent believes he or she knows best for his client. Also, condemning a building because sales are slow is also a rather vacuous statement. For those who weren't paying attention, we just went through the worst financial crisis of the modern era and there are lots of condos in Manhattan that are also selling slowly. That doesn't take away from the merits of a building as a place to live. I lived for many years in TriBeCa but for a variety of reasons my wife and I have been looking for a place on the UES. After looking at many places, we decided to buy in the Azure and are under contract and closing in a couple of weeks. The simple fact is we are buying a beautiful, 3,000 sq ft apartment for a price that is unmatched versus any other 4 bedroom/2,500 sq ft+ apartment we saw on the UES. The merits of the building won us over. The area is wonderful for families (again, that's a personal view) and the sponsors have been incredibly helpful (they're totally redoing the kitchen for us and doing it in record time). In real estate, the quality of the building and the area will always determine long term success. I have little doubt that will prove the case for the Azure. If I didn't, I wouldn't be voting with my pocket book (along with all the other people on the growing list who have units under contract).

Congrats Sohojohn, there is no doubt that the apartments are well built and quite large for new construction. It all boils down to price for what is being offered. Hopefully you negotiated a good price to compensate for a and lease cooperative. The reality is that all of the other new construction buildings on the Upper East have managed to sell in this "worst economic crisis":The Georgica, Lucida, Brompton, Laurel, etc. Only Azure has had such a poor sales record; especially considering that it has been on the market for 4 years. This building will absolutely sell. It is well constructed and has generous floor plans, but unless the asking prices are reduced to a realistic price they will be on the market for many more years. Once again, congratulations on your new home!

I looked at the Georgica, Lucida, Brompton and Laurel (and some others as well) and did a lot of analysis on comparable sales. Yes, the Azure is a leasehold with a purchase option in year 75 (I'll be dead in year 75, so I don't think I care what they decide to do). I actually think the leasehold is an advantage as it does scare off buyers who aren't willing to do some homework, which creates opportunity for those of us willing to read the lease and consult the lawyers (btw....I think one reason for the slow sales initially was the terms of the lease weren't stellar, but the sponsors negotiated some very meaningful amendments that have made it very attractive).  As far as I'm concerned, the long term of the lease makes buying in the Azure for the period that most of us reasonably own apartments the same as owning. The trade off is higher monthly common charges, but that is very visible to all buyers and is ultimately reflected in lower prices. To wit, when I looked at comparable 4 bedroom units in the buildings you cited, and I even gave them the benefit of lowering their actual sales prices to reflect the higher common charges at the Azure (simply convert the difference in common charges into a mortgage principal amount and deduct that from the comparables) the results were consistent: the Azure offers more value. Per square foot prices adjusted for the difference in common charges were 16%-40% higher in the other buildings.  Also, my purchase price was supported by two appraisals. So to summarize your criticisms: the building is taking too long to sell and it's too expensive. In terms of my thinking, the first is an irrelevancy, and the second is not supported by the facts. I also like that this is a CondOp as I get the freedom/flexibility of a condo with the lower closing and refinancing costs of a CoOp. That's a win win. Thanks for your good wishes. My family and I are looking forward to moving in to the Azure.

Buy when no one wants them and sell when everyone has to have them.

SohoJohn, I don't totally disagree with you. At a certain price point these homes are desireable compared to what simiar space would go for in other better located non land lease condos. Per Streeteasy, it looks like the few recorded sales are up to 30% or so below that last ask and I believe many of those homes were reduced in price previously. Hopefully, you negotiated a great price.

I assume that you purchased at the base. That is where the best values are both in pricing and maintenance. Doesn't it concern you that no one (except apparently the sponsor) has purchased in the top half of the tower? It's been 4 years. No one. That says one thing. The asking prices are too high and if an offer is made no deal is reached because the sponsors are not negotiating to a price where they will sell. When they do, this building will sell quickly because they are, as we all agree, very nice homes.

In the meantime, my customers chose the Visionaire in BPC: a land lease Condo that is Platinum LEED Certified, has a spectacular and very large gym, sauna, swimming pool, etc, an excellent school district, is waterfront and very well priced. Oh, and 80% sold.

A sincere congratulations to you and your family. I think you will enjoy living there very much.

star8360
without speaking for sohojohn, there are no 4br apts in the base of the building so he likely bought in the tower. also, according to SE, 33cd, 20cd, 18cd and 11a are all in contract and ALL in the tower. looks to me like the tower is starting to move.

I had noted earlier that I was buying a 4 bedroom/3,000 sq ft apartment ---- so, yes that is in the Tower. I'm glad your clients like the Visionaire. I'm very familiar with the building (I looked at apartments there and I know the area and BPC very well as I lived in TriBeCa for four years). Frankly, the fact that a building is LEED certified in a non-issue for me as that is simply one of those "feel good" issues that doesn't change the day-to-day living experience (I don't own a Prius, either!). More to the point, BPC wasn't an option because we were looking on the UES for a number of reasons. Plus, we could certainly debate the merits of BPC, but I'd not want to live there. I loved walking along the waterfront in BPC but was always happy to cross the Great Wall of West Street to get back into TriBeCa and get off the island of BPC. And even if living in BPC was an option for me, the fact is the Visionaire's apartments tend to be smaller than many new condos, and there aren't a lot of four bedrooms at the Visionaire to begin with, and none on the market. From a buying perspective, I echo the other poster in that I'd rather not follow the herd. I think the opportunity and value is an undersold building is much more compelling than a more expensive condo that is 80% sold in an area that I don't want to live in anyway.

Does anyone know why the owners of 8B are interested in renting out their unit? Thanks in advance.

They're probably concerned about the stench from the garbage dump.

there is a high demand for luxury rentals in this city. every new construction property seems to have them.

Investors Savings Bank, the 4th largest bank in NJ, has recently joined HSBC, Wells Fargo, and Chase as preferred lenders at Azure. Citibank and Safra National Bank of NY have also financed purchasers at the building. The largest NYC banks their appraisers, their lawyers, their purchasing clients and their lawyers have all recently approved the construction quality, deal structure, and value of the residences at Azure.

Manhattan Condo Listings Snapshot
Size (ft�) $ per ft� Price
Studio 541 1,077 580,000
1 BR 779 1,074 845,000
2 BR 1,279 1,219 1,575,000
3 BR 1,974 1,499 2,987,500
4 BR 2,967 1,708 5,372,500
Medians for listings from past 60 days from StreetEasy data. Excludes some extraordinary properties. No representation is made as to the accuracy of this data. 07082011

Azure Co-op Listings snapshot 07082011 compare prices, price psf common charges of azure to prices price psf and maintinace plus taxes of average condo

Unit type Size $ per ft2 Price
4G: 1BR 1.5 Bath 1,006 844 $ 850,000
12B: 2BR 2 Bath 1,198 1,010 $1,210,000
8A: 3BR 3 Bath 1,810 991 $1,795,000
15CD 4BR 4.5 Bath 2,968 1,243 $3,690,000

Azure to New York Mag:

OH NO, YOU DIDN'T!

WELLS FARG
Azure Preferred Loan Officer Adam Turkewitz Adam.Turkewitz@wellsfargo.com
Call for details
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as of 07/18/2011 05:00 PM Eastern
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l a n d l e a s e

Any news/thoughts on the waste transfer station and its effect on the active listings at this building?

Does anyone know the approximate occupancy rate at this building?

How do you find out the real estate taxes for the units for sale?

kiddsg - If you have the block and lot, you can look up the taxes via the second drop-down here:
http://nycserv.nyc.gov/NYCServWeb/NYCSERVMain

If you don't have the block and lot, you can look them up on ACRIS, via "Find Addresses and Parcels":
http://a836-acris.nyc.gov/Scripts/Coverpage.dll/index

The onsite sales office has projected maintenance schedules (including taxes) for all units as well as possible combinations.

They were very helpful to me.

Any recent thoughts on the neighborhood? We're considering an apartment but have never lived in that neighborhood. Experiences?

have you been there? it's RIGHT on the border of good and not so good

It's the fringe of the UES
Now it's a hike to transport
Close enuf to all essential services.
If you got no every day commute to somewhere hard to get then you can't beat the UES.
Safe, boring, few interesting places to eat, and no night life sound like your cup of tea?
It's my cup, I live here most of my life and would not live anywhere else with a few known exceptions.
It's a great place to live.

I agree about the location of this development within the UES. It doesn't even feel all that "up and coming" to me...

However, I think some people here might be too critical of the land lease issue in this case. Sure, it is an issue, yes, and I personally won't buy a land-lease property myself. But it isn't as big a deal in Azure's case, in my opinion, because it's a city-owned piece of land. Had the landowner been a corporation or an individual, though, that would have been a kiss of death because they can pretty much do whatever they want for profit--including taking the land back upon expiration of the lease.

In BPC, where all of the developlents stands on leased land, people usually don't think too much of the land lease issue because it is ownder by a semi-public entity (BPCA, under UDC). Sure, the taxes are high, and there are always talks about how much they'd increase the "rent" upon lease renewal. But, because of its public ownership, one can expect reasonable considerations to be given to the residents. Politically, it is next to impossible that they'd jack up the "rent" or take the land away because, after all, it is functioning under the auspices of the public authority established for hounsing equity!

I think the same "assumption" can reasonably be made about the land upon Azure stands...but it's just my opinion. Again, to me, the location is more of a problem with Azure.

Isn't there a public housing complex acroos 1st ave from this bldg?

the housing project is a block up and across the street. my family has been living in the building for 2 months and we love it. the neighborhood is just okay and my morning commute is longer than i'd like. for location, would i prefer to be living on 83rd and madison...probably, but my apartment would be half the size!

I live in the project and we just love our new neighbors.

land lease

The Waste Transfer Station down the block is a GO.

Thats not true. Its still under review by army corps of engineers.

is it a land lease?

yes..that's why i would never bother expounding on virtues or hare-brainedness of this project...land lease buildings are non-starters, for too many obvious reasons to cite

With the recent price decreases, has the Azure hit bottom. Is anybody ready to call this the bottom? All up from here? Time to get in?

recent price decreases at the Azure on east 91st Street: http://therealdeal.com/blog/2012/01/25/city-seeks-developer-for-ues-waste-transfer-sation/

"all up from here"? I assume that is sarcasm? They are still overpriced by 30% and people don't even bother reading the threads on it anymore.

Still an interesting thread that bears the ups and downs of this development. Even the developer was hot and heavy for awhile with the thread responses. What say you?

If anyone has purchased a 4 bedroom in this building and wants to rent it out please reply on this message board. We are VERY interested. Thanks.

Is this building going to go rental after 4yrs and less than 50% sold? what is the impact on current owners?

Have you noticed how many apartments are in contract? Eleven -- and most of it in the tower. Does this look like a building about to go rental?

Contracts wo closings are like hos in colombia who haven't been paid...

well stated, although it must be pointed out that the spread between $28 and $800 is rather large. I think she closed at $250 so this should be on price choppers.

Did you hear that columbiacounty, yes, w67thstreet is talking about you.

Gabicus, what is your point, that the sales are accelerating? yes 11 in contract, but including that building is not even 50% sold. what does a sponsor do w/ some 60 apartments it still owns after 4 years?

Almost 5 years on the market and only about 50% sold. This at a time when almost every other new construction as dramatically reduced inventory. At this pace, they will finally be sold out in an another 4 years or so; assuming they continue to offer discounts of at least 30% from original ask.

We just started looking for 2br apts in UES/UWS (probably ~90th street will be as north as we want to go).

We saw the Azure a few weeks ago (16B - $1.33M) and quite liked what we saw.

We are first time buyers, and don't know how much bargain room we have at this price.

Also, if you could recommend any good condo / condo-op that fits our criteria, pls let us know

If you are looking for a luxury condo or condop on the UES there are relatively few places to go, certainly not with the types of finishes and floor plans as can be found here. In terms of amenities, Manhattan House is phenomenal but their price point and remaining available views are less desirable. Aesthetically, Azure has the floor to cieling windows of the Isis but the amenities of something like 515 E. 72nd St. (Miraval) or MH. Two bedrooms at the Lucida, Brompton and Georgica are also mostly bought up or have less of a view. The market upswing of the last few months has been incredible, but also frustrating in terms of negotiations because I had grown so used to a slow market! For an investor who seeks to rent or use as a vacation property with his family, this is probably the best deal I've seen.

16B contract signed 3 weeks ago, 17B contract signed this past week, next available B Line Residence is 21B $1,470,000

Rerj, are you a broker?
your observations are pretty dead on with diff buildings in UES.
Isn't this a landlease building? What is the buyout amount after 75-100years? If $1, I'd think it's hellavu deal.

In the 75th year of the ground lease, which is controlled by The City of New York, the Azure co-op can either purchase the land at appraised value or extend the lease for an additional 50 years. The ground lease also has the benefit of ten years of the 421-a tax benefits and a tax cap during years 11-20 of the lease. The maintenance charges of the Azure co-op for 2012 ,which are comparable to many UES condominiums, are 45% tax deductible.

Azure is now 60 percent sold. To date, 32 customized residences, including both our north and south facing 3,000 SF 4 BR’s, have been combined and phenomenally received. We expect this momentum to continue in upcoming months, with the sale of our diminishing inventory of high-floor, tower residences.” This outstanding achievement along with the $107 million in sales thus far, proves that both the real estate community and homeowners recognize the exceptional nature of Azure's residences that are meticulously appointed, with dazzling city and river views, sumptuous amenities, and unbeatable location with the benefit of substantial appreciation in value with the pending completion of the Second Avenue subway

Unbeatable location? cmon guy.

i may take a look just to see the sumptuous ammenities...

hah

"unbeatable location?" Come on, really? I live 2 avenues directly west of Azure and every time I walk by the building I think to myself...hmmm, this is really nice...except this damn walk from 1st avenue sucks and everything I want in the neighborhood is either 10 minutes west, 10 minutes south or...15-20 minutes southwest.

We'll see how the impact of the 2nd Ave. Subway affects things in 10-15 years...however, at the moment, calling this an "unbeatable location" is simply offensive to anyone who lives on the Island of Manhattan south of 96th street. In fact, it undermines the validity of all the other marketing "dazzle" that you throw in there.

mattone will be back in about a year to say they are now 70% sold.

Azure was 50% sold in April 2012. The process of customizing combination residences takes about three months. In the past three months 6 units were combined into 4BR residences . In addition several 2BR B line and 3BR A line apartments were sold. The A and B line apartments currently available are now in the high tower section of the building above the 20th floor. These units have 10' ceilings and dramatic east river and north western views.

I have some rotting garbage that I'm embarrassed to have the DSNY guys pick up. Maybe I'll drop it off myself, and see how the Azure is doing.

alanhart, picking a fight with falcogold?

>"unbeatable location?" Come on, really? I live 2 avenues directly west of Azure

NYC10007, time to change your posting name.

>In the 75th year of the ground lease, which is controlled by The City of New York, the Azure co-op can either purchase the land at appraised value or extend the lease for an additional 50 years.

Why not just buy it today, instead of financing?

"NYC10007, time to change your posting name"

Yeah, I know, guess I just outed myself...no longer a cool downtowner.

Azure Update 7/27/2012
Apartment 16B, a 1,198 SF 2BR, 2 Bath Residence with North and East River views closed today, Apartment 16CD a 2,968 SF 4 BR, 4.5 Bath and Balcony Residence with East, South and Western Views closed yesterday. Construction has begun on the Apartment 7AD a 2,597 SF 4BR 3.5 Bath and a 1,857 SF terrace with East, South and Western Views commenced with its purchaser customized construction.
In the Neighborhood
Construction has begun on the New Sacred Heart 35,778 SF Athletic and Wellness Center at 406 East 91st Street, Sacred Heart Convent of the Sacred Heart school paid Verizon New York $23 million for a three-story building on a 12,500-square-foot lot at 406 East 91st Street, more than six avenues east of its main campus at 1 East 91st Street at Fifth Avenue.

You forgot to start the announcement with: "It is with great pleasure..."

when's the trash dump construction suppose to begin?

Do the sumptuous ammenities include free nose plugs and ear muffs?

is sacred heart's gym building also a land lease?

Dear ba294, I am a broker ("Rerj" above), and my biography with contact may be found here: http://www.youtube.com/watch?v=uLMmePGFgZw

It appears the land lease, which has been very favorably renegotiated, after 75 years, provides an opportunity to renew for 50 years - or to buy out at the appraised market rate.

I received an update that the building is now 65% sold.

Azure update 8/04/2012
Apartment 17B, a 1,198 SF 2BR, 2 Bath Residence closed 7/31/2012. Apartment 25B, a 1,205 SF 2BR, 2 Bath Residence has a signed contract. The lowest floor B Line residence currently available for sale is Apartment 21B, a 1,205 SF 2BR, 2Bath Residence with North and East River views, 10’ Ceilings, Dining and Kitchen With Pantry, Walk in Closet, Oversized Shower in Master, Washer Dryer.

08/08/2012: Residence 7B, a 1,217 SF 2BR, 2 Bath with 354 SF Terrace has closed. The lowest floor B Line residence currently available for sale is Apartment 21B, a 1,205 SF 2BR, 2 Bath Residence with North and East River views, 10’ Ceilings, Dining and Kitchen With Pantry, Walk in Closet, Oversized Shower in Master, Washer Dryer Listed at $1,470,000. All B Line units below the 21st floor have been sold.

Residence 14A, a 1810 SF 3BR, 3Bath has closed. There are two A line which are
currently on the Market, Residences 9A, and 21A, 1810 SF and 1,818 SF respectively are 3BR, 3
Bath Units With Windowed Kitchen with Pantry, Walk-In Closet in Master Bedroom, Living Room, Washer and Dryer and North West Views. 9A is Listed at $1,975,000 or $1,091 PSF and 21A is Listed at $2,384,000 or $1,311 PSF. All other A Line residences have been sold below the 21st Floor.

No big deal ... after several years of living at Azure, you'll probably get used to the stench of the garbage, the sound of the rumbling garbage trucks making their way over much-abused and sculpted asphalt, and the diesel fumes of the idling trucks awaiting their turn.

Human beings are highly adaptable.

Yea, I thInk that's why it's been selling recently