RENTERS & BUYERS BEWARE: This building is in the process of going condo by Q3-4 2007 and has a 60 day owner cancellation ryder in all new leases, meaning you could be "booted" w/ 2 months notice, after just paying to move in! Rockrose is asking over $1,000+ per square foot for 'as-is" shop-warn apartments w/ low-end finshes (cheap white GE appliances; non descript white laminant cabinets;... [more]
RENTERS & BUYERS BEWARE:
This building is in the process of going condo by Q3-4 2007 and has a 60 day owner cancellation ryder in all new leases, meaning you could be "booted" w/ 2 months notice, after just paying to move in!
Rockrose is asking over $1,000+ per square foot for
'as-is" shop-warn apartments w/ low-end finshes (cheap white GE appliances; non descript white laminant cabinets; scuffed-up parquet tile wood floors).
You could buy a brand new converted luxury condo w/ high-end finishes & appliances for the same price everywhere in the Financial District, so why would anyone buy these "so-so" apartments for top dollar?
I've been renting and living in the building for over 2 years and the rent has gone up +10% every year (approx $375.00/month) w/ no improvement in services or ammenities!
I wish my salary increases were at a comparable rate!
Overall, the majority of the tenants are disrespectful, ill-mannered post frat house 20 - 30 year olds that share w/ 2 - 4 people in the apartments and are constantly loud, noisey and obnoxious, to the
wee hours of the morning, every day of the week!
Perhaps, if the building goes condo and they lower the asking prices, there's hope 99 John could become a nice place to live, as I'm sure 99% of the current tenants would have to vacate and they'd attract a better caliber of people in the building!
Trust me... This is the True "E" Hollywood Story of 99 John St.
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Response by anonymous
almost 19 years ago
Posts: 400
Member since: Apr 2007
move out, loser. if your salary hasn't jumped 10% a year its your fault not 99 john's.
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Response by anonymous
almost 19 years ago
Posts: 1
Member since: Jul 2007
I think this is pretty common - sponsors offer the existing tenants a chance to buy their rather ordinary rental unit for a fairly insignificant discount from the price that the renovated apartment would sell for. If you don't like it, just move out - it's not a big deal. I've never lived at 88 Greenwich, but when I was at their sales office, they said existing tenants had the option to buy their apartments "as-is" for 5% off the asking price of a newly renovated place. Given that the rental apartments were pretty ordinary (for a rental building) and the renovated apartments were pretty nice (although I ultimately choose not to buy there for other reasons), it seemed crazy that anyone would even consider buying their rental unit. If you like the location/building so much, move into a different unit and pay the extra 5% for a newly-renovated place. Short story is stop complaining and just move out - if you can't afford to buy, then rent at one of the better rental buildings downtown (ie., 2 Gold Street, 37 Wall, etc).
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Response by jchambs
almost 19 years ago
Posts: 4
Member since: Jul 2007
have they officially announced that they are willing to sell to current tenants at a small discount?
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Response by ERN
over 18 years ago
Posts: 3
Member since: Nov 2007
We have recently looked at 99 John, and are wondering whether or not to buy. Wondering what experiences other people have had dealing with the sales office, negotiating off listing, etc. Thoughts?
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Response by er1to9
over 18 years ago
Posts: 374
Member since: Mar 2007
if 99 john st was giving a discount of %20 off the offering price would that be a deal considering the market we are in ?
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Response by Tony
over 18 years ago
Posts: 140
Member since: Feb 2008
Yes, I think 20% off would be a good deal for 99 John. Are they offering 20% off?
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Response by er1to9
about 18 years ago
Posts: 374
Member since: Mar 2007
is 99 john a good building compared to the other downtown conversions?
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Response by Tony
about 18 years ago
Posts: 140
Member since: Feb 2008
Seems like a very nice building with good deals but I have heard some mixed stuff about Rockrose.
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Response by fThis
about 18 years ago
Posts: 1
Member since: Mar 2008
ROCKROSE IS THE WORST. Do not do business with this company as they will do whatever they can to screw you. I lived in the building at 99 John for 3 years and have had nothing but problems with Rockrose Development. Their lack of respect for their tenants is unacceptable and I would expect them to do everything they can to screw the buyers of 99 John. I would never buy into a ROCKROSE-related development.
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Response by cra
about 18 years ago
Posts: 2
Member since: Feb 2008
the building had a rat problem during the initial reno. may be cleaned up by now.
move out, loser. if your salary hasn't jumped 10% a year its your fault not 99 john's.
I think this is pretty common - sponsors offer the existing tenants a chance to buy their rather ordinary rental unit for a fairly insignificant discount from the price that the renovated apartment would sell for. If you don't like it, just move out - it's not a big deal. I've never lived at 88 Greenwich, but when I was at their sales office, they said existing tenants had the option to buy their apartments "as-is" for 5% off the asking price of a newly renovated place. Given that the rental apartments were pretty ordinary (for a rental building) and the renovated apartments were pretty nice (although I ultimately choose not to buy there for other reasons), it seemed crazy that anyone would even consider buying their rental unit. If you like the location/building so much, move into a different unit and pay the extra 5% for a newly-renovated place. Short story is stop complaining and just move out - if you can't afford to buy, then rent at one of the better rental buildings downtown (ie., 2 Gold Street, 37 Wall, etc).
have they officially announced that they are willing to sell to current tenants at a small discount?
We have recently looked at 99 John, and are wondering whether or not to buy. Wondering what experiences other people have had dealing with the sales office, negotiating off listing, etc. Thoughts?
if 99 john st was giving a discount of %20 off the offering price would that be a deal considering the market we are in ?
Yes, I think 20% off would be a good deal for 99 John. Are they offering 20% off?
is 99 john a good building compared to the other downtown conversions?
Seems like a very nice building with good deals but I have heard some mixed stuff about Rockrose.
ROCKROSE IS THE WORST. Do not do business with this company as they will do whatever they can to screw you. I lived in the building at 99 John for 3 years and have had nothing but problems with Rockrose Development. Their lack of respect for their tenants is unacceptable and I would expect them to do everything they can to screw the buyers of 99 John. I would never buy into a ROCKROSE-related development.
the building had a rat problem during the initial reno. may be cleaned up by now.