What is the best buy in Tribeca or Fidi?
Started by clemencedane
almost 16 years ago
Posts: 15
Member since: Feb 2010
Discussion about
Max spend seven hundred fifty thousand. I am looking to make my first purchase this year. I want to find as much space as I can in either Tribeca or FiDi. I don't know much about the details or reputations of the better known buildings here. From reading these threads it sounds incredibly complicated. Anyone willing to give me some ideas? I prefer a prewar conversion to new contruction...
FiDi
Aboutready seems to hate the Setai in the financial district even though she has nothing whatsoever to do with it. Toilet envy?
How much space are you looking for? At that price, you're looking at a decent-sized one bedroom.
Yes hopefully 1 bedroom. Would definitely sacrifice space for a view of the Hudson.
150 Nassau Street ... or 20 Pine / 15 Broad
You can get more "space" in FiDi than in Tribeca.
As a broker, building manger, and owner. Two things you must keep in mind and a good broker will ask you this if he/she doesn’t drop them like a bad cold.
Are you looking to live in the unit or use it as an investment and sorry people you can’t have it both.
If it’s an investment chose the one with the that make CENTS. Cause that will make you dollars.
Yes you could get more space in "FiDi" than Tribeca. However where do you feel more conferrable? Where can you see yourself living or spending you time and money . How long do you want to live there? Do you want to pay for the space or extra perks i.e. (Gym, Roof Deck, Door man, and others), Or do you want both ( very tricky ).
Do yourself a huge favor walk around the parts you would want to live in. Go for a long stroll and walk around in the day, night and weekend. Do all three take notes and don’t be scared to talk to the door man, store owner and local pub.
Then call local brokers in the area in the area with local offices. And despite what you herd its easier with a broker than without ,let them do all the work and then chose what’s best for you. At the end of the day you would have to live with the place and the broker will just go on their way.
I want to work with a broker that has awesome one-liners such as
"chose the one with the that make CENTS. Cause that will make you dollars"
I mean - how awesome is that!!
The problem with 750K in Tribeca is that there is almost nothing on the market in that price range. You're looking at a tiny one bedroom (e.g. <650 sq ft unless you want to renovate the one or two older apartments that are even on the market) in those 1980s buildings on Chambers and Greenwich or maybe 50 Franklin, which isn't even in Tribeca. Or perhaps a studio. Unless you want to live in a closet, your only choice in that price range is FiDi.