Hi, I am looking to relocate closer to work. I am looking around the Battery Park North area - North End or River Terrace. The buildings are managed by Milford, Related and Rose for the most part. I currently rent from Glenwood and I adore them. They are so professional and above board I can't gush enough about them. My experience with Glenwood is the property manager is on top of everything,... [more]
Hi, I am looking to relocate closer to work. I am looking around the Battery Park North area - North End or River Terrace. The buildings are managed by Milford, Related and Rose for the most part. I currently rent from Glenwood and I adore them. They are so professional and above board I can't gush enough about them. My experience with Glenwood is the property manager is on top of everything, complaints problems etc, and does not belittle or ignore any question or request. I know Tribeca Bridge is managed by Glenwood, but I am not looking for a 2 or 3 bed. I am focusing on 1 br. Does anyone have anything good or critical to say about the other management companies - Milford, Related or Rose? I am very hesitant to leave my safe environment. I am particularly interested if any of them try to raise rents excessively as I am in a stabilized building now and they never try to get funny with the terms or clauses that would allow them to raise to "market rate"
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Response by Snuffles
over 13 years ago
Posts: 173
Member since: Apr 2010
i rented from rockrose which is 22 and 41 river terrace. ( i was in 22 rt)
building was fine. any issues they were pretty good about coming to fix/resolve.
rent-raising wise it was mkt rate so they were free to do whatever they wanted..they were pretty accomodating with regards to extending my lease for 2months, then 1 month, then another month(begrudingly).
they ended up renting it out for higher than my renewal rate but thats fair game as its not rent stab.
place was pretty well kept, tho not really that fancy..the gym was pretty clean, laundry room had lots of machines so waits if any were minimal.
the demographics of the building are all consistent, (ie working professionals)
there are sufficient elevators and they fixed them pretty fast whenever 1 was broken.
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Response by uwsbeagle
over 13 years ago
Posts: 285
Member since: Feb 2012
I've been in the Lyric twice (Related). Staff and agents all very professional, courteous and on top of all repair requests. Overall it is a good product. Beware, however, of moving into an 80/20 building. You may not like all your neighbors...yes, it could be the 80% you don't like but, in my experience (and my experience ONLY), I did not care for the 20% who resided next to or across from me. You can find other fora on the 80/20 debate.
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Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010
What didn't you like about the 20%?
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Response by uwsbeagle
over 13 years ago
Posts: 285
Member since: Feb 2012
the smoking of cannibis that leeched into my apartment.
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Response by aboutready
over 13 years ago
Posts: 16354
Member since: Oct 2007
Rose is very strict about just about everything. That may or may not appeal to you. Extremely professional, however, and responsive. Top-level employees. I personally would recommend them.
Rose does a yearly market analysis. Some years rents actually decline. But they are employed by a building's owner, so there are limitations to their impact. At PCV the rent raises were very reasonable until Tishman fired Rose.
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Response by streakeasy
over 13 years ago
Posts: 323
Member since: Jul 2008
yes I agree with the 80/20 building. I have been living in one for a while and have not moved out due to proximity to work. There are about 2-3 apts on my floor for which the following occurs: pleasure parties, cannibis smoking, and constant trash leech on the hall carpets with trail leading to apts guilty of staining the hall carpets, trash left on trashroom floor instead of in bins and chute, constant parties that go late, laundry carts left in elevators, doorman carts left in elevators, interior wall structure compromised from pressurized walls from neighbors (which I reported and was simply waived off and told it was the building settling. *wink wink*), 4-5 people living in a 1bdrm apt, and a gazillion visitors.
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Response by jalenyc
over 13 years ago
Posts: 6
Member since: Jul 2009
Thank you for your comments. I apologize for the ignorance; what is an 80/20 building?
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Response by streakeasy
over 13 years ago
Posts: 323
Member since: Jul 2008
80/20 is 80% market paying tenants, 20% rent stabilized (government subsidized). The landlord gets substantial tax benefits for this.
Basically, the the developer gets massive tax breaks for making 20% of the units available to poor people (or moderate income or whatever you want to call them). Anyway, while you will be paying $3500-$4000/month for your 1 bedroom, your neighbor will be paying $800/month. While it is not 100% true, I do think it is true more often than not, that people who can only afford $800/month for a 1 bedroom are not of the same standing and have a different idea of what is acceptable living and how they should act. I would give serious consideration before moving into an 80/20 building.
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Response by bigdude2103
over 13 years ago
Posts: 46
Member since: Jul 2009
Lived in Rose (Melar) and Related (Westminster) buildings while in New York. Related is great. Very professional, buildings always exceptionally maintained, staff super friendly, repairs always quickly and expertly completed. But you pay for what you get and for hte same price, we could have had a much larger unit than we did. Rose is also very good, but a notch behind Related. I just thought it was rougher around the edges and repairs weren't done quite as quickly or as well. But I had no complaints, just got spoiled by Related
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Response by deplucha
over 13 years ago
Posts: 120
Member since: Oct 2008
Glenwood and Albanese too
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Response by front_porch
over 13 years ago
Posts: 5320
Member since: Mar 2008
FWIW, clients I put with Albanese tend to stay. Very responsive about maintaining the units.
i rented from rockrose which is 22 and 41 river terrace. ( i was in 22 rt)
building was fine. any issues they were pretty good about coming to fix/resolve.
rent-raising wise it was mkt rate so they were free to do whatever they wanted..they were pretty accomodating with regards to extending my lease for 2months, then 1 month, then another month(begrudingly).
they ended up renting it out for higher than my renewal rate but thats fair game as its not rent stab.
place was pretty well kept, tho not really that fancy..the gym was pretty clean, laundry room had lots of machines so waits if any were minimal.
the demographics of the building are all consistent, (ie working professionals)
there are sufficient elevators and they fixed them pretty fast whenever 1 was broken.
I've been in the Lyric twice (Related). Staff and agents all very professional, courteous and on top of all repair requests. Overall it is a good product. Beware, however, of moving into an 80/20 building. You may not like all your neighbors...yes, it could be the 80% you don't like but, in my experience (and my experience ONLY), I did not care for the 20% who resided next to or across from me. You can find other fora on the 80/20 debate.
What didn't you like about the 20%?
the smoking of cannibis that leeched into my apartment.
Rose is very strict about just about everything. That may or may not appeal to you. Extremely professional, however, and responsive. Top-level employees. I personally would recommend them.
Rose does a yearly market analysis. Some years rents actually decline. But they are employed by a building's owner, so there are limitations to their impact. At PCV the rent raises were very reasonable until Tishman fired Rose.
yes I agree with the 80/20 building. I have been living in one for a while and have not moved out due to proximity to work. There are about 2-3 apts on my floor for which the following occurs: pleasure parties, cannibis smoking, and constant trash leech on the hall carpets with trail leading to apts guilty of staining the hall carpets, trash left on trashroom floor instead of in bins and chute, constant parties that go late, laundry carts left in elevators, doorman carts left in elevators, interior wall structure compromised from pressurized walls from neighbors (which I reported and was simply waived off and told it was the building settling. *wink wink*), 4-5 people living in a 1bdrm apt, and a gazillion visitors.
Thank you for your comments. I apologize for the ignorance; what is an 80/20 building?
80/20 is 80% market paying tenants, 20% rent stabilized (government subsidized). The landlord gets substantial tax benefits for this.
You're half right. The 20% aren't rent-stabilized. Rent stabilization isn't means-tested.
See http://www.nyc.gov/html/hpd/html/about/faqs.shtml#12
Basically, the the developer gets massive tax breaks for making 20% of the units available to poor people (or moderate income or whatever you want to call them). Anyway, while you will be paying $3500-$4000/month for your 1 bedroom, your neighbor will be paying $800/month. While it is not 100% true, I do think it is true more often than not, that people who can only afford $800/month for a 1 bedroom are not of the same standing and have a different idea of what is acceptable living and how they should act. I would give serious consideration before moving into an 80/20 building.
Lived in Rose (Melar) and Related (Westminster) buildings while in New York. Related is great. Very professional, buildings always exceptionally maintained, staff super friendly, repairs always quickly and expertly completed. But you pay for what you get and for hte same price, we could have had a much larger unit than we did. Rose is also very good, but a notch behind Related. I just thought it was rougher around the edges and repairs weren't done quite as quickly or as well. But I had no complaints, just got spoiled by Related
Glenwood and Albanese too
FWIW, clients I put with Albanese tend to stay. Very responsive about maintaining the units.
ali r.
DG Neary Realty