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241 5th Avenue

Started by bmwbmw
over 12 years ago
Posts: 25
Member since: Oct 2007
Discussion about
Anyone with knowledge of this development? Great location, and love the development. It's almost done from the outside, but their broker Core keeps saying it's going to be ready by September, but that seems completely unrealistic at this point. The condo plan has not even been declared effective yet even though supposedly 80% of the apartments have been sold, tax lots have not been assessed or revised, let alone the back and forth required for the temporary Certificate of Occupancy. Any one with experience with new developments who can comment on this? And whether the brokers at Core are just blowing smoke on timing? thanks.
Response by ggman
over 12 years ago
Posts: 117
Member since: Mar 2010

I heard closing notices started going out this week. Closings in mid to end of sept.

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Response by bmwbmw
over 12 years ago
Posts: 25
Member since: Oct 2007

GGman, thanks, but how can they send out closing notices without receiving a TCO?

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Response by ggman
over 12 years ago
Posts: 117
Member since: Mar 2010

Probably caveat that closing contingent on those items and adjourn otherwise.

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Response by ggman
over 12 years ago
Posts: 117
Member since: Mar 2010

TCO:
http://a810-bisweb.nyc.gov/bisweb/COsByLocationServlet?requestid=1&allbin=1016884

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Response by somewhereelse
over 12 years ago
Posts: 7435
Member since: Oct 2009

Don't you mean the building next door? That seems to be the one in development. Or did they announce this one, too?

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Response by ggman
over 12 years ago
Posts: 117
Member since: Mar 2010

Are you referring to the 239 house number? The house number range for the 241 fifth tax block is 239-241. Same building. The link just shows the beginning of the range.

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Response by bmwbmw
over 12 years ago
Posts: 25
Member since: Oct 2007

Ggman, thanks! Does the TCO apply to all floors or just a few?

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Response by somewhereelse
over 12 years ago
Posts: 7435
Member since: Oct 2009

No, I mean that 239-241 is between 23rd and 24th... and the building under construction with the signs on it is between 24th and 25th.

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Response by ggman
over 12 years ago
Posts: 117
Member since: Mar 2010

@somewhereelse: 239-241 is between 27th and 28th. Thats 241 fifth ave. There is no sign on it because its near completion. The one with the sign on between 24th and 25th is 10 msw and thats scheduled to be complete next year.

@bmwbmw: looks like TCO is only for basement up to 15th floor. Unless you are buying the penthouse all the available units on streeteasy is probably covered.

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