building at 388 Bridge Street

Also interested myself. Here is a list of other mixed use buildings in NYC, though I don't think any of these include rentals.
http://www.cityrealty.com/buildings/top-ten/top-10-mixed-use/32

There's usually only one board, since only one entity can act for the building as a whole. The governing documents specify how many seats the owners can have, and there're lots of other clauses about how expenses are split between the various kinds of unit.

Right now, 388 Bridge has only six units: two commercial, one parking, two 80/20 rental, and one "Divisible", which'll later be split it into the 144 separate saleable units.

Those 144 will together own 36% of the Common Interest, and 46% of what they're calling the Dwelling Common Interest.

Sounds awful and can get complicated with the rental units over time. Price per square foot is unreasonable for location. Common charges are very high for a building with only a doorman as an amenity

Sounds awful and can get complicated with the rental units over time. Price per square foot is unreasonable for location. Common charges are very high for a building with only a doorman as an amenity

Common charges are high where the only CONDO amenity is a small skylounge. The small gym, TV room etc are shared with 25 floors of renters. There is no separate elevator access for renter, commercial and condo floors so anyone can get off and wander around on the condo floors. Partially defeats the purpose of having a doorman.

Sounds like the common charges are off putting for buyers - where have folks gone for a more reasonable common? When speaking with the the sales office, they're representing that the rental price for units are quite high ($5,900 for a 2bdrm). It seems extremely high given that many 2 bdrms in Manhattan are below $5,900. Anyone else looking at units here have any thoughts on this as an investment property?

@Appleluv. There is a condo board and a rental board. The condo board consists of four spots, three are currently controlled by the builder and one was voted in by owners. When the condos are 100% sold, the condo board will have two developer reps and two owner voted reps. That percentage is scheduled to increase in favor of the owners over time.

The condos are over 85% sold and the rentals are 100% leased with a waiting list.

From an owner's POV, the nice thing about a hybrid building is that the developers have a fiscal responsibility to themselves to maintain the building, the common areas and the quality of services. Sites like streeteasy.com and others are excellent at letting us know when rental properties aren't in good shape or aren't being well-maintained and managed (far more than you'd ever hear condo owners complain since complaints hurt their property value). The other great thing about a hybrid condo building is the diversity of the residents, both buyers and renters.

I don't know that people are necessarily looking for diversity when forking over millions for a condo.

Does Matt Damon live here?