Would you buy a great apt in a tacky bldg?
Started by shny
almost 13 years ago
Posts: 62
Member since: Dec 2011
Discussion about
Would you buy a great apartment in a tacky building? I know that “great apartment” and “tacky building” are very subjective terms, but I’ll give this a try. I’ve been looking a while for an apartment and lately seem to find layouts and views I’d be happy with in a building I have trouble imagining myself living in. I guess that if I shouldn't be concerned with what others think and my apartment is MY apartment, but every time I hear the developer’s name the mind reels! I’m just curious to hear if anyone else has run into this predicament. (“First World Problems” – I know!)
Yes. If it makes you happy than who cares? People's preferences change. I imagine that building is a little more glitzy than you would have seen yourself in? But go for it.
What makes the building tacky?
don't know but really am curious what his apt will sell for - which is a nice apt in a ok bldg but the apt is way overdone...
http://streeteasy.com/nyc/sale/734889-coop-220-east-67th-street-lenox-hill-new-york
Greensdale - for starters…the extraa glamorous super fabulous 80’s style marble and brass lobby although, the building was completed in the very early aughts. –and the fact that the floor numbers are fantasy numbers to make the apartments seem that they are on higher floors than they really are.
Thanks Ottawanyc. I think I'll "soldier on" and take a peek at something and try to wrap my head around the idea.
Does the name Trump appear in the title? I'd be wary on more than aesthetic grounds. The more the man makes a highly visible ass of himself (birther movement anyone) the more people apartments with his name will totally repulse. Why buy something whose potential resale market isn't 100% of people looking in that area/size/price point?
bingo!
View, room size, ceiling height, location (not for everyone - but, perfect for me).
I think it will always bug you. You'll tell yourself it shouldn't but it will and that will double-bug you.
I wouldn't do it. I'd cross the street so that I wouldn't even have to walk in front of that a-hole's building, but to each their own!
>and the fact that the floor numbers are fantasy numbers to make the apartments seem that they are on higher floors than they really are.
I can't imagine that is a major concern of yours.
An apartment is not worth what it is to you, but what the next person is willing to pay for it. So if the tackiness affects resale value, then your price/view should be adjusted accordingly.
This is a Trump building on CPS. I'd be pleased to live in it, having visited the apartments of a couple of owners. It's a better value for renting, though.
Learn Russian.
To answer the question more generally, though, I'd buy a tacky apartment in a tacky building. It would be a refreshing change ... I'm drowning in good taste.
A friend of mine just bought in Lincoln Towers and had similar concerns. Turns out a lot of people LOVE Lincoln Towers. If it's a great apartment for you, it's a great apartment, period. End of story.
Value of the building as a whole caps the values of individual units. Just keep that in mind.
I agree with Riversider, however, I think it depends on whether you are looking at this as solely an investment or as your home. If you love your home, who cares what others think.
You have to like it when you come home. Building entrance is the first thing you will notice.
>mercer - why not just think of it as the opposite of the grimy entrances to all those expensive original loft buildings in Soho and Tribeca? Some like a little glitz, and others like a little grime.
That is why a buyer has to like it. Also, most of the grimy enterances in soho and tribeca have been improved and there is a discount for grimy lobby unless the apts themselves are not that great. Nothing against trump buildings. Some people clearly like them given their success.
So did you get a discount on your great apartment because when you bought it the lobby was sort of grimy? Which you were able to overlook as you figured that sooner or later it would be re-done? As in renovation now in progress?
Are we talking Tacky or Grimy?
And if it wasn't redone, would that really have made you like the apartment less?
oh come on Greensdale, original loft buildings just CAN'T be tacky - their owners wouldn't allow it. GRIMY is much preferred (check out 20-26 N. Moore, JFK's building)
ph41, one could almost read that the lobby of your own building might not be so nice.
There is no guarantee that a lobby will be redone. For a coop, it can take years for people to agree, if at all. Hence a discount for grimy/ poor condition lobby. Yes, most people will like an apt less if the lobby condition is poor.
no greensdale, the lobby in my building is very nice, not glitzy, flowers on the coffee table and concierge desk, pleasant sofas and chairs, etc. etc.
new flowers each week?
how many different identities?
No flowers for C0C0.
is that responsive?
C0Co0, your Jim Hones has been posting more frequently lately. Can't wait till you guys team up on the same thread about some ridiculous issue.
so...that's your response?
perhaps you may want to rethink.
assuming that you think in the first place.
why.
why?
I'm confused, is "why" a question or a statement? Maybe Jim Hones can help you on this.
you said you were done.
was that just another lie?
I don't see anywhere above where I said I was done on this thread. Maybe you are confused with Jim Hones?
you are done.
you were done.
you started out done.
done.
Is that a threat?
huh?
you're done
i didn't do it.
you did.
you're done.
More threats?
nope.
just more lies from you.
So not a threat, I'm safe from you?
who suggested that you weren't safe?
oh right, you did.
huntersburg.
why?
So not safe?
you're not safe?
what happened?
why are you not safe?
why did you change from hunters burg?
Now what are you trying to say?
Are you more bark than bite?
do you deny that you're hunters burg?
You/Jim Hones don't get to ask the questions.
so...you are hunters burg?
What did I just say C0C0. Come on, schools in C0lumbia C0unty can't be that bad.
why do you deny the fact that you are hunters burg?
Huntersburg is a valued Streeteasy poster.
Jim Hones / C0C0, not so much.
another post from huntersburg.
why are you hiding?
aren't you proud?