Ten 63

There are still 3 penthouse apartments and there were originally 3. It seems like there is also a smaller unit that is newly listed on the 8th floor (also penthouse/top floor). That makes 4 penthouse units now (although one is listed as the 8th floor; top floor). I presume that they decided to divide one of the penthouse units since the square footage on one of the 3 has decreased. I would imagine that as long as the space is still there, you could still purchase the originally planned penthouse.

Once the inner walls go up, you would proabbly need to purchase both units separately.

In the initial announcements about the building, September 2008 occupancy was estimated. Is that still true? When will the building open for move-ins?

The original offering plan said September 2008; however, by the time they started selling, they changed the estimate to December based on the date construction actually got started. As of this weekend, they are still estimating a December move-in. Things seem to be moving along at a good pace. there is a picture from last Friday on flickr:

http://www.flickr.com/photos/liqcity/2316409103/

any buzz on how the retail space will be used in this building? any rumors?

it's a pretty large space; so, unfortunately, I would guess that it is going to be a chain or bank.

It will be interesting to see what happens with that immediate area though. It is close to the subway and all of those buildings have planned retail space - the area will be unrecognizable by 2009.

10-50 (sold out)
Huners View (50% + sold)
two other buildings that have not started marketing (?)
a brownstone under renovation (?)
ten63 (80% + sold)
echelon (90% sold)
Badge (90% sold)
and an empty lot that has just been demolished (?)

It will certainly have the density needed for retail.

Nice! Thanks for the info Lobo

Any new news on this building?

What's this building like?

Nice exterior but the living spaces and bedrooms are cramped, poor closet space, and not much storage in the kitchen.

I agree.

There are small studios, one bedrooms of varying sizes, and bigger, so it probably depends on the apartment.

I have a one bedroom and am very happy. Closet space and bedroom size is pretty typical. If you think it's cramped, welcome to NYC. Kithen storage is also typical, though there are two extra broom-like closets available. There is also a washer-dryer space that can be converted as there is a laundry room downstairs.

The best thing is that there are no large or loud AC units taking up space. Makes a huge difference. Has allowed for larger windows and gives a much cleaner and bigger sense of space.

Quality and finishing is also good - definitely one of the better in the neighborhood (Hunters Point/View, L-Haus, Foundry, Powerhouse).

Was there any buyers protection program for 1063? Noticed that one sale that came in way low(6G), so just wanted to get some feedback from the earlier purchasers.

No buyer protection plan.
However, the referenced apartment was sold/transferred to someone related to the developer, so it is not an accurate representation.

That may be the case, but must have some impact on appraisals. Have the closings stopped? Nothing happening for over a month now.

There are only 2 units left on the market:
PHA & 7G

Sponsor has chosen to retain the other two penthouses.

There is a third "on the market" unit with a pending contract: 3D
And only 2 left to close (these went to contract fairly recently and are scheduled to close this month): 6A/2F

Otherwise, the building is pretty much @ full occupancy, so yes closings have in essence stopped. Units have sold well (even recently) and there's a great group of people in the building if you like the area/building.

No one in the building has run into any appraisal issues but if you are signing a contract then you can always ask to have an appraisal contingency written into the contract. Any developer should be more than willing to do that at this point or at least allow you to make sure that you are able to secure financing before signing your contract.

Hope this helps.
Good luck!

Anyone willing to say how this building fared during Superstorm Sandy?