FDB/8th Ave units with contracts out
Started by wanderer
about 16 years ago
Posts: 286
Member since: Jan 2009
Discussion about
So I thought I would check out a couple of the new buildings on FDB around 113/114 over the weekend and was suprised at the amount of people looking. In the Parc Standard (2101 8th Avenue in Central Harlem)there were 7 units in contract or had contracts out. In the Douglass (2110 8th Ave) they had 14 close to accepted offers with several contracts out. Given that the Lore (just off FDB on 112th) has hardly anything in contract and the snail pace of contracts in SOHA, why are the former doing so well? Do they include affordable housing units when they talk of contracts out? If so, then that explains the Douglas, not sure what the excitement is with the Parc Standard. the studios and 1 beds were tiny.
FYI, Parc Standard been selling for 6 weeks, Douglas since Early November 2009.
v interesting
they came in at lower price points than Lore and much lower than SOHA
Even current prices at Soha elicit a Haha by comparison
I just noticed the Livmor came online this Sunday, prices look a bit high, also no interior pics, sq/ft details or floorplans.
980k for an 1800 sq ft apt at Livmor , 1.2 for 2450 sq ft
These may still be high for the area but much lower than SOHA or FDB 2280
no idea on finishes
we checked out the parc standard when it opened and actually made an offer of about 10% under ask. Our offer was turned down and in retrospect we're pretty glad. Too call these units(1 bed) "tiny" is an understatement. The units listed as 575sf are probably right around 500(of course u have to factor your % of common areas) but we crunched the numbers (and the 1 closet) and realized it would be almost impossible for 2 people. Great bachelor pad not such a great place for a couple.
wanderer... absolutely they include the affordable when they tell you the total contracts signed-- look at 2280 FDB as example-- they tell everyone more than 30 percent sold, and they have only 12 total market value units signed-- also please keep in mind the difficulty in getting financing in some of these buildings -- even if they are FHA approved, FHA is implementing a new plan whereby they only loan to up to 30 percent in any given building from what I hear.