building at 52 Laight Street

Well, fox residentials is a boutique RL broker.. they better make sales soon before the Japanese developer replace them!!! There's However, my friend's offer of the 4th floor (or 5th? - forgot, will ask him again) is accepted for below 2.5M so I assume, the 2nd and 3rd should be accepted for around 2.3M? He said, No doorman and no amenities.. everything is virtual, new development must be hard to get financing from banks. HSBC is their man who offers high interest.. of course cos it's new construction, no sales record, small complex, has cmmercial use on first floor and weird layout, each units has 2 exit/emergency stairs, and they even dont know where to place the wash/dryer, now it's in the WIC of the masterbed. The master bedroom's walk in closet is located after the bathroom because of that stupid emergency stairs! Imagine, you have the emergency exit plus the W/D in your WIC.. that's sounds more like a laundry room! No views unless you're in the penthouse, otherwise, you will be staring at 60 collister's brick boring building (boring from the outside) and the tip of the new WTC and of course the traffic from the holland tunnel!

AND in the future buyers will carry high insurance (small complex has less people to share the expenses, more risk accident from down stair's commercial. Also, who knows about the upcoming America's economy, when buyers want to sell, will face future buyers ability to get mortgage? then unit becomes hard to re-sell.

They also said the brokers are golden girls trying to bluff but didnt work on them LOL and snap, they got good deal! spceially those who have kids,.. the building is just off by holand tunnel.. dangerous traffic to stroll around!

For those who are interested, make sure to do your research before buying and negotiate to the fullest. Personally, I rather get a unit at 250 west, about the same cc and taxes but 250 west has pool, views, doorman and everything that make you and your family happy. Or wait for 71 laight coming up next year!

Aww, sorry the 2nd floor has a terrace just because it has the buidling's mechanics (2 of them) so they had to build a big terrace facing north (so no sun for being in the terrace specially on the 2nd low floor.. be ready to have dead plants) They better reduce the price of the 2nd floor, it really doesnt make sense to have that terrace there. Isn't having a balcony is to enjoy the warm weather and sunlight? Instead you are going to stare at the back of V33 building, watching the luxurious units of the high rollers which is nothing close compare to 52 laight. Damn, that terrace will give you nightmare!!

I really dont feel this buidling. In fact my friend and his wife got a super great deal, so yeah, actually, I'll buy one for 2.1M, no more.

2.1 million for the 5th floor...that does sound like a decent price point for the units.

The traffic is concerning at 52 although 71 will price out at 35% more s/f.

Wow under $2.5mm? so that works out to $1,285/foot which still seems good to me even though near the Holland Tunnel. Your friend must have great negotiation skills, the brokers still have these units priced at $2.95-$3.15mm. Also, wonder why if there are accepted offers no one is turning in the contracts...something still seems fishy about this place.

@apritr I meant, I would buy $2.1M fr the 3rd floor since that unit is the only below $3M. Dunno why it didn't update the status yet? My friend's offer was accepted late July. The broker told him the remainings are the PH, 6th and 2nd and that the ones sold, the developer accepted low offers and all are below $3M. The couple went with no broker and the building needed to make sales ASAP. He said that the fox brokers tried to bluff them telling them there are other offers to create bidding wars but my boy aint stupid, no one else was placing an offer. Can brokers lie like that? Doesn't sound right.

Update: my buddy walked away with his accepted offer at 52laight cuz he was actually the 2nd buyer but took HSBC forever to process the closing. It seemed they delayed it to wait til the building reached at least 50 or 75% sold.

Meanwhile he was also interested in one of the unit at 250 west, and they actually reached out to him with a matching offer price. His wife and kid were rooting for 250W so they let 52L go. The sqft is pretty similar but he told me the amenities and services at 250w are too good to pass specially if u have small kids. But it looks like 52L got a new buyer on his unit as it's in contract now

His bid was accepted at 2.7m for one of the highest floors. So, the lower ones should be accepted around 2.3m or 2.4m? Those units are highly prices and the current prices that you see are not yet updated. wait until the closing of the ones in contract and you'll see the real sold price!

This is all really helpful information, went to look at this building recently and was wondering about pricing and how negotiable they really are. Building has also been 'under construction' FOREVER and showings have been delayed for months. mkinley, you have any more intel on this? your friend go with 250 West?

I visited the building and happened to love it. The finishes are great and the floor plans are really smart. You are not losing any square footage on corridors and none of the bedrooms are next to each other which allows for a lot of privacy. As for 250 West yes they have a lot of amenities but I would not touch that property considering that it is El Ad that it is the developer. If you look at their past properties they always promised high end finishes and put in the cheapest china made materials.
52 Laight street seems like a well and tastefully done building. The only issue here is that the developer hired the worst brokers to market his property. Had he given it to Elliman or corcoran it would have sold long time ago. And if you can get $1,500 a square foot in Tribeca for a brand new triple mint building then I would consider it a really good deal.

DistinctArchitect,
The floorplans are pretty good, I'll give you that, but this is a no-amenity building so hard to compare to 250 West. Plus the location, in my opinion, is much worse. I'm not sure that the asking prices here are warranted and I'm not sure it makes sense to compare price points at 1500/sqft to luxury buildings with amenities. Perhaps if what mkinley says is right about how they take much lower offers they become reasonable. Just my opinion on the place.

Passed it earlier today, but the unita are still unoccupied.. Wonder why.. Anyone?

What happen to this building? Sandy nightmare?