Rental at 15 William Street

The building was recently sold (the remaining 300+ units) and they are going to rent the rest of the units. Previously they were only renting units that individuals had purchased (which was about 76 units). They just started marketing this last week, so I assume that they will be lowering the rents substantially to get rid of all of the inventory.

Rose Associates has been hired to market a number of the units purchased by the new sponsor. You can view photos, floorplans and available listings on our website.
http://rosenyc.com/No-Fee-Rental/William-Beaver-House.aspx

Wow, those prices are fascinating. To repeat thehill's questions: Why are the prices at 15 William Street so high given the number of units vacant and foreclosure? I don't understand why they aren't coming down.....anyone?

Why prices so high? Probably because the owner is smoking dope. There are lots of new construction buildings with over 50-100 unsold units that are selling at the rate of 1-3 a month. I have no idea why the developers don't drop the prices. They are surely in default of their construction loans and paying a really high interest rate.

I am a renter in this building, and I can confirm that there are people moving in almost every day. There are some people out there who are willing to pay those prices.

@drums, enjoy. the studios and 1-beds are way overpriced, the 2-beds seem to be a good deal. you can rent a studio/1-bed in the Philip Starck bldg for much less.

Thanks for the well wishes, but I should probably be clear. I have been renting there for awhile and I agree that the prices we are seeing are really high, sometimes 10- 20pct more than prices a year ago. But it does seem like the building is getting more crowded so that's why I said some people are willing to pay those prices.

Studio/1bed is in the low $3k in 15 Broad. So, I'm not sure what you mean by much less. Some people will pay premium to live in a newer building. 15 Williams is about 2 years old whereas 15 Broad is 5+ yrs old.

This is one of the best buildings in FiDi. Pricey, yes, but also larger units than most NYC buildings. Also have to consider the Condo quality finishes, amenities and mix of tenants you're getting as a rental.

The application processing fees to rent a condo unit vs a rental are also significantly higher, sometimes as much as $500-$700 more than a rental application.

It's only fair to compare apples to apples when you're looking at pricing. There are other buildings in the area that will rent at lower prices with similar amenities, but there's definitely different tiers of quality among rental and condo buildings.

Rental inventory changes weekly. The key is to know what you're looking to spend and what you're expecting to get for your money. Find a broker with strong relationships in your neighborhood, that know what's going on and that you are comfortable working with and have them do all your leg work....most of the time, NO COST to you!

Really though, wouldn't you utilize a good personal shopper, good personal trainer or a good driver, if they came at no additional cost to you? ;-)