Advice re buying at 176 Broadway.

saw a couple of units there. it just seemed really dark, i guess if you don't care much about sunlight it seemed priced pretty reasonable.

I think you can do better. If you're looking in that area, why not a condo? There is a plethora of condos on the market so maybe give it a look.

The price per square foot is cheaper compared to other properties in the area.
Is it a fair assumption that the property values will increase once the World Trade Center is completed?
Any insight into the building?

IZZE -- I have often wondered about this building, and have blogged about it a couple of times. See this one for my best analysis, with links to (old) sales and listings: http://www.realtown.com/sandymattingly/blog/lofts-in-other-neighborhoods/176-broadway-has-a-closing-40-off-the-original-price

Bottom line: if you don't mind the location (more business-y than gritty, but *very* busy), this building offers great value. And, in many units, great light.

To respond to your assumption, I think "no". To me, the drag on value here is the downtown Broadway location, rather than any lack that WTC will fill. In thinking about this building, it is hard to get a truly 'comparable' coop nearby ... maybe 55 Liberty would be an interesting building to compare-and-contrast on how The Market treats them.

Feel free to call or email me for more discussion.

Yes, 55 Liberty is a good comp. 3 Hanover seems to be a step up and 65 Nassau isn't a doorman building.