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Sale at 330 Spring Street #8A

Started by jakedavid
about 15 years ago
Posts: 126
Member since: May 2010
Discussion about 330 Spring Street #8A
"investment opportunity" says the broker's descript. At $1626/sf occupied until May 2013....hardly an investment opportunity in my book
Response by Howard35
about 15 years ago
Posts: 122
Member since: Dec 2010

He also states it is the last project of Philip Johnson. Is Mr. Johnson dead? Or did the broker mean latest project?

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Response by front_porch
about 15 years ago
Posts: 5325
Member since: Mar 2008

Philip Johnson died a few years ago.

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Response by aboutready
about 15 years ago
Posts: 16354
Member since: Oct 2007

not that it really matters, but i thought this one was the last. i recall some sick humor about the building listing on SE some time ago.

http://streeteasy.com/nyc/building/number-5

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Response by nyc_sport
about 15 years ago
Posts: 820
Member since: Jan 2009

The "investment opportunity" goes something like this. The monthly carry on this place at the ask is over $15K per month. The "opportunity" is that you can buy it and lose a few thousand per month against the (likely) rent for 2 years, and then you can sell it at a loss or re-rent for even less.

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Response by truthskr10
about 15 years ago
Posts: 4088
Member since: Jul 2009

Isn't this the building acrosss the street from the planned sanitation truck station?

Anyway of course it an investment opportunity. You take a 5/1 ARM that will cost you like 5/6K a month. THen flip it in 4 years and make 20% as well. oh wait, that was 2004.

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Yo truthy. I miss the bubble. My .0025% on Chking is so so boring compared to the 100% returns the entirety of nyc was getting from being housesitters.

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Response by truthskr10
about 15 years ago
Posts: 4088
Member since: Jul 2009

I miss it too Dubya, the worst part is I feel bad for some brokers.
You know, real estate was that occupation so many could fall on or jump on when they just couldn't succeed in their original profession.
What occupation will these brokers now fall on now?

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

I hear cupcakes are hot.

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Response by truthskr10
about 15 years ago
Posts: 4088
Member since: Jul 2009

Gee, I don't Dub, that requires more than just talking, you gotta do something,.... like baking and stuff.

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Response by truthskr10
about 15 years ago
Posts: 4088
Member since: Jul 2009

what is up with my keyboard, missing words on many posts

"Gee I don't know Dub"

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Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

Have you seen cupcake wars? Batter, bake, frosting. Almost as hard as key, insert. Fking idjiot, turn it left this time.

Fwiw, my wife and daughter lovez to watch cupcake wars together. I have a suspicion my wife wants a cupcake shop. :)

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