Questions about the Lucida

probably up to 30% off list, that'd be my guess

Have people started to move in? I still think the Lucida is such an eyesore. Would be curious to hear from people that live there.

They have a lot of new rental listings that stress that these were "planned" rentals and were not taken from sales inventory. That would imply to me that they are ready to have renters move in.

SE lists 18 apartments for rent which seems like alot to me for one building. The Lucida is right near the 6 train, right? Are the apartments there worth the prices they are asking?

The model apt on the 5th floor just got floor to ceiling window treatments. Other apts are doing the same thing when you consider the views of Petco and Best Buy. Lucida has a very complex structure with commercial, rentals, fitness center and residential. Not for the family type because of the expected and encouraged traffic by the developer.

So the residential part is not separate from the other parts? Surprised to hear your comment about traffic inside building. I have friends living in a building that has similar structure and they even have different elevators for rentals/owners (I always thought of that as odd btw).

Other than the commercial everything flows through the lobby on Lexington. I believe ther are two sets of elevators but the residential flows with everything.

That's probably not a great idea I would think.

apt23 - those rentals were planned from the beginning. I don't know the exact story, but i think the original landholders (goldman family), still own those units, and they were always meant to be rentals - not in and of itself a reflection of the market. they own the lower floors, but the condo-owners (or Extell at this point), own the upper floors.

justs adds to the weirdness of this building, on top of the design/price point/location issues.

Thanks printer. I don't know that neighborhood. Does it appear to you that the rent is a bit high for the area?

sorry - i'm not knowledgable enough about the current rental market to offer you a helpful opinion.

apt23, compare the rents to the units that have rented at the Brompton, particularly 11K which rented in June. i'd say the lucida is high.

Thanks AR. Actually I am now looking to rent on the west side. While I was out looking at rentals last week, two different brokers gave me the "buy now, or...." speech and then the strange thing. ....... each of them (different firms) suggested that deals were to be had at Lucida. One was quite persistent. Even called me afterwards.

As I have been concerned about Extell as a tell for how private developers are doing re: the market, servicing their debt, future effect on NY RE as a whole, I thought it was interesting. Given that there was the first deep discount at the Rushmore - 20%-- I wonder if the Lucida buyers will start getting discounts. And, I wondered if a new aggressive policy for sales reflected any changes in the company's status given the looming commercial crisis. Obviously, too early to tell. And, Extell just got an investment from Abu Dhabi for their 57th street Goodrich project which should bode well for them. Interesting to follow the events, however.