Greenwich Village Prices/Inventory Holding Steady

so we should get a syndicate together to buy 14 fifth ...

Kyle, although I watch the neighborhood remoteyl with much less knowledge than you, I fully agree.

10023 Tell me where to send the check

14 Fifth? Oh, dear. I've wondered what is with those three buildings for a while: 10 Fifth, 14 Fifth, and whatever is under all the scaffold with the bulging facade (16 Fifth?). Those three look in such bad shape that I'm not sure there is anything to salvage. Instead, I say we buy 'em all, raze them, and build a "new" prewar with spectacular classic 8's and instead of selling the apartments we just move in with all our friends. Now all I have to do is get to work and buy more scratch-off lottery tickets to afford this.

And to pay off the LPC to approve it.

I wouldn't pay the LPC. I'd just wait 10 minutes and the 3 buildings will just fall down. One's whole facade is bulging and about to come off, another has virtually nothing holding the windows in, and the middle one is just a plain ole dilapidated shambles.

Only the shadows know. My log saw something, and I smelled oil the last time I walked past lower Fifth.

There is some choice inventory just sitting there.

When this kind of fire starts, it is very hard to put out. The tender boughs of innocence burn first, and the wind rises, and then all goodness is in jeopardy. Fire walk with me.

Can your soul stand in the black lodge? When I see creamed corn at the open houses, it is time to buy. I doubt even Cooper's apartment will stand, and it is on the market. Give me all your garmonbozia: it is not money.

in many countries I have seen organized groups who bypasses the "developer" profits by becoming the developers. they usually organized a buying pool first and later the developing pool. Since they own the lend, they get construction loans and build and sell to their own members. Members have to stay until completion and then some have flipped and most have stayed in. The key organizer " CEO" of the group get some agreed upon money to compensate for his time. It is not a strictly democratic process but all members are pulling their cash in and usually bypass the 20% to 30% developer's profits.. Anyone interested?

I've been tracking the same area / buildings as well (and recently purchased in one of those buildings as well), and have noticed the same trend, especially in the 1BR units. Things have been coming up and goign into contract within weeks...

someone want to check again this week?