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Sale at 115 Allen #PHA

Started by falcogold1
about 15 years ago
Posts: 4159
Member since: Sep 2008
Discussion about 115 Allen Street #PHA
This interesting place is not on my personal radar and in a price range outside my comping interests yet, at the same time I can't help being curious...is this place priced appropriately in today’s market?
Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

No. It's not near close to clearing Falco. There is a couple of projects going on near east 8th ave a/b/c. The developers are using $200 psf, acquisition price, $500 to build and sell at $1300 psf proforma.

You can buy 20k developable land for $5mm. At $5mm. Price point, you'd be better off letting me get you in touch with these developers and getting a 2k foot carve out and upside on the project.

Btw, I used to work near the pyramid bar back bf they cleaned out Thompson sq pk. That place was awesome.

Happy father's day. I got a rehashed Lego from my son and a tennis outing with my daughter. A free golf round pass from wife. :)

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Response by dwell
about 15 years ago
Posts: 2341
Member since: Jul 2008

IMO, no. The pricing seems very pre-bubble pop. Also, beautiful reno, but seems incongruous to Allen St. The apt interior is lux, but the area is gritty; feels like a disconnect to me.

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Response by falcogold1
about 15 years ago
Posts: 4159
Member since: Sep 2008

Aloha Brother

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