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The Printing House

Started by tenant20
about 12 years ago
Posts: 6
Member since: Sep 2009
hey guys - i'm contemplating buying into the printing house post the most recent renovation - i agree some of the floorplans are clumsy with low ceiling heights but the location is great and the price per square foot is a good value for the west village - any thoughts would be much appreciated - thx in advance
Response by Guywithcat
about 12 years ago
Posts: 329
Member since: Apr 2011

I looked there a few times and did not like the layouts. I also found the price per foot to be too high for what I thought it was worth. There is a building about four or five blocks north --720 Greenwich-- which has more traditional loft like apartments and is more authentic to me. I feel the printing house and also the rental building "the archive" about 2 blocks away overdid their renovations and are trying too hard to be old-school lofts but instead looks like they are playing dress-up or something. So that was my first concern. My second is that the printing house is not in a great location. It always touts itself as the heart of the w. village but that area is barren and cold down there and there is not a lot nearby. You need to walk a few blocks to be near anything. The more traditional and true west village is from, say, one block south of Charles (forgot the street) up to the blocks just before meat packing. Those are tree lined streets, quiet areas, old brownstones. So for me, it was an easy choice on several levels not to move there. Also I found the residents --and again this is just a small sample-- but I found them to be a bunch of non-diverse, white, upper middle class banker types. This is a common thing now, where traditionally artsy places get overrun with douche-ey wall street types. If you are a wall street person then maybe you would like it? (sorry, true. But again, sorry). Hope this is helpful. Beyond that, I know people consider it a solid building with nice amenities and Equinox is in the building. The equinox is not crowded (yet) which is really nice, and it is brand new which is also nice, BUT it is a terrible layout over all sorts of floors and you need to zip up and down on elevators to workout in the various areas. I will mention that the floor with the treadmills and so forth is great because you can look out the windows on the 9th or so floor.

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Response by truthskr10
about 12 years ago
Posts: 4088
Member since: Jul 2009

Some other threads on the subject,

http://streeteasy.com/nyc/talk/discussion/15894-printing-house

http://streeteasy.com/nyc/talk/discussion/11126-building-at-421-hudson-street

It's been nearly 15 years since I was there but I doubt any renovations tackled fundamental issues as plumbing and structural.

There is always a reason the comp price per square foot is always less here.

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Response by tenant20
about 12 years ago
Posts: 6
Member since: Sep 2009

thanks for your thoughts

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Response by peanutian
over 11 years ago
Posts: 23
Member since: Feb 2009

Nice article on unionization of the building staff. Does anyone have an update on this, and whether it has affected common charges?
http://thevillager.com/2014/05/01/multimillion-dollar-condos-but-underpaid-building-staff-2/

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Response by truthskr10
over 11 years ago
Posts: 4088
Member since: Jul 2009

Wow 17 units for sale or in contract at one time.
Is there a sponsor dumping out of the building?
There are only 60 units in the building, that's a 28% for sale rate, major red flag.

And Im sure the plumbing still sucks.

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Response by NWT
over 11 years ago
Posts: 6643
Member since: Sep 2008

The original sponsor from 1987 or so was left with 100-odd unsold apartments. They rented them out, then sold them to a new outfit a few years ago. That's who's been renovating/combining and selling them.

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Response by gothamsboro
over 11 years ago
Posts: 536
Member since: Sep 2013

What a disaster.

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