building at 127 Eighth Avenue

The units will never be put on the market. They will be sold privately to officials of the DIA.

What's "the DIA"?

I thought these were supposed to be rentals.

It's a rental.

Defense Intelligence Agency.

Oh. They want it because it's so dark. Har har.

Does anyone know what's up with this building...a.k.a. 305 w. 16th. St? It seems to be finished. But, there haven't been any signs of life in it for the last couple of months?!

It will go on the market soon. It's a landlease.

Oh! Thanks @joshstreeteasy!

No problem Sunny. Since it is a landlease co-op I'm wondering what prices they will come out with...

Good question. Don't "landlease" buildings often have reasonable sale prices, but crazy high maintenance costs?!

Hi SunnyD

Yes!

Think Battery Park City

about to come to market in April

Went through this building recently. CORE will be hyping it on their TV show "Selling NY." Seems somewhat expensive, both initial cost and maintenance after tax abatement fades.

Any other thoughts?

Landlease buildings tend to develop high maintenance costs over time but not necessarily at the beginning. I don't think anyone with an independent financial advisor and any kind of reasonable sense would buy into a landlease building when there are so many other options including renting. Very unwise purchase.

Apartments are kind of small.

Ive walked past this building several times and it is odd, has a strange energy, soemthing is just off.
It looks like a haunted house from the future