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I toured this building. I laughed while I toured. Do they know that 1990 is over and that this building is a far, far cry from a luxury rental in midtown manhattan? They were asking about $3,300 for a one bedroom. No view, no apartment updates, a tiny gym that costs extra every month, ugly lobby, ugly hallways, and to top it off, the elevator was all scratched up, and where there is concrete on... [more]
I toured this building. I laughed while I toured. Do they know that 1990 is over and that this building is a far, far cry from a luxury rental in midtown manhattan? They were asking about $3,300 for a one bedroom. No view, no apartment updates, a tiny gym that costs extra every month, ugly lobby, ugly hallways, and to top it off, the elevator was all scratched up, and where there is concrete on the top, it's breaking apart. I hope that doesn't fall on somebody's head. There was nothing about this building that I would recommend. When touring a particular area's luxury buildings, you kind of see it all. This one was by far the worst building that we saw. Luxury? Modern? Not even close. Add that in with Archstone (soon to be Equity Residential) computer software pricing that acts like airline and hotel pricing system. I'm sure that helps them very much so but, this in not booking a flight, or renting a hotel room for a weekend, this is supposed to be a place to call home. With that pricing system in place, I can not give you one reason to rent with Archstone, Equity, or AvalonBay. I would never live with a management that uses some legally scamming tool to raise my rent to whatever they want. Every other building in this neighborhood uses simple REASON AND LOGIC. Unless you find a great rate and you only really plan on staying for 1 year, There's not one other reason for this. Good luck! [less]
Um?
Man ... you just jealous cuz you live in CROWN HEIGHTS !
Maybe the price for the "luxury" unit should have been a hint...
$3,300 for a 1Bed is pretty much market for a self-proclaimed "luxury" building like The Foundry. I live in the neighborhood & know it well: nothing to write home about, just an average building with mildly competent mgmt. How's that different from anything else in NYC?
http://streeteasy.com/nyc/talk/discussion/33993-luxury-rentals
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I toured this building. I laughed while I toured. Do they know that 1990 is over and that this building is a far, far cry from a luxury rental in midtown manhattan? They were asking about $3,300 for a one bedroom. No view, no apartment updates, a tiny gym that costs extra every month, ugly lobby, ugly hallways, and to top it off, the elevator was all scratched up, and where there is concrete on the top, it's breaking apart. I hope that doesn't fall on somebody's head. There was nothing about this building that I would recommend. When touring a particular area's luxury buildings, you kind of see it all. This one was by far the worst building that we saw. Luxury? Modern? Not even close. Add that in with Archstone (soon to be Equity Residential) computer software pricing that acts like airline and hotel pricing system. I'm sure that helps them very much so but, this in not booking a flight, or renting a hotel room for a weekend, this is supposed to be a place to call home. With that pricing system in place, I can not give you one reason to rent with Archstone, Equity, or AvalonBay. I would never live with a management that uses some legally scamming tool to raise my rent to whatever they want. Every other building in this neighborhood uses simple REASON AND LOGIC. Unless you find a great rate and you only really plan on staying for 1 year, There's not one other reason for this. Good luck!
All "no fee" landlords, imagine that!
Thanks Sammy!
pistilli: Why "Um?" I was stating my opinion about this building. You certainly don't have to agree but I was sharing my perspective of the building and of the way the pricing is handled. The bottom line was/is: Why would anyone choose to rent at a below mediocre building that uses this pricing system? 99% of the buildings surrounding this one, do not. Wouldn't you rent from the ones that do not use this? I don't understand what the "Um" is about.
Sammy: You know the building. Self proclaimed. It's market for a nicer building is what I am saying. It's not market for the quality of this building. Nothing else that we saw/toured that week looked like that building. It was a worn out, old mess. So, would you want a $3,300 1 Bedroom there, or a $3,300 1 Bedroom with city views, a beautiful lobby, and amenities? That was one of my points. It's over priced for the product and the pricing system on top of that, makes it completely laughable/unreliable/uncomfortable/not "home like" to me. That is why I was just letting people know because I can't think of one reason to rent with a management company that works in that way re: pricing. I would have to think that a majority of people who rent with these companies have no clue what the pricing system is, even when explained. I've lived at 4 different luxury buildings in this neighborhood(a little further south). They never raised my rent hundreds of dollars, and again, they were nothing like this property. They were actually "luxury". That's my opinion. Sorry. I was just turned off by the whole thing and maybe I am genuinely curious why anyone would rent with a company that prices that way.
This is what I am trying to say. The first two buildings listed are further south. The rest are in the same area as Archstone West 54th. I've seen all of the buildings listed. They don't come anywhere near what I saw at Archstone West 54th. They were worlds nicer and kept renovated, and up to date. That's my entire point. So, comparing west 54th building to any of these, and coming up with prices that way, doesn't seem logical to me. Hopefully, you can see what i'm saying. If not that's okay too. I would also like to be clear. When I say luxury, I mean it very lightly. I just mean granite/stainless steel kitchens(it's 2013 now), amenities(a few of these have pools!), new(renovated), stylish apartments. I don't mean $34,000,000 penthouse apartments. That is true luxury. These listed, are not LUXURY by a billionaire standards. Sorry about the confusion and all the different definitions that people have for that word
if you were curious about what I mean in terms of luxury vs. archstone west 54th? I have also included a picture link to show you what I mean. The first photo in the picture is an Archstone West 54th kitchen, the second next to it is what I would say that their pricing logic should give you (but don't)
The Victory: 1 Bedroom $3,400 (25th Floor, Floor to Ceiling Windows, River/City Views)
420 West 42nd Street: 1 Bedroom $3,200 (26th Floor, Floor to Ceiling Windows, River/City Views)
The Wesport: 1 Bedroom $3,395.
The Mercedes House: 1 Bedroom $3,450
The Helena: 1 Bedroom $3,390 (18th floor/Views)
The Ashley: 1 Bedroom $3,495
The Sessanta: 1 Bedroom $3,475
http://tinypic.com/r/29232g2/6
That's the general gist of what I mean. I just found it to be out of the league of all the others for the same (and more) money. The pricing system was the cherry on top of my decision to keep moving along. I just wanted to tell people to really do their research because it's not worth it. Bottom line.
Oh, the joys of being a lifetime renter.
and lastly, from yelp. Spot on.
"Pros: good construction; friendly staff; great location; community kept in good condition.
Cons: The bathrooms and the kitchens are getting pretty old. They need to be updated to still call themselves "Luxury". Until they do this, these places should rent at a discount to other newer HK apartments. Also, the gym is not a gym. It's an apartment that was coverted to a gym but has a dearth of equipment, although it's only 50 a month.
Overall, not bad. But the rents are a bit too high for what this building offers. It's more "low end luxury". I would still recommend if you can get a deal."
i currently live here. it's not that bad. i really like my layout and the staff is pretty amazing. it's not a "luxury" building. i do agree that they should update the buildings to meet the price offered. i also agree that the rate system is harsh and a bit unreasonable. i really enjoy my home but i can't disagree with most of your statements.