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Buyer beware! View very soon to be blocked!

Started by jdonnall_4
over 9 years ago
Posts: 5
Member since: Mar 2016
I was curious to see why some new sales happened at the building at a low price per sqf. They are building a tall building in the empty parking lot next to the building, so it will block the views and all the sun exposure to the east of the building. That is why a lot of sellers are rushing to sell their units here. Don't fool for it! The value of these units will significantly decrease when construction starts.
Response by NWT
over 9 years ago
Posts: 6643
Member since: Sep 2008

E.g., http://streeteasy.com/building/448-west-37-street-new_york/8cc

Those're lot-line windows at the kitchen end. Note how the street-side windows were replaced when the building was converted, but the sponsor left the original lot-line windows, because they cost a lot to replace, and they'd be bricked-up eventually anyway.

The reduction in value was already baked into the price those east-view lines have always sold at. Anyone with eyes could see the empty lot next door.

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Response by NWT
over 9 years ago
Posts: 6643
Member since: Sep 2008
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Response by jdonnall_4
over 9 years ago
Posts: 5
Member since: Mar 2016

So all these 4 windows here will be bricked up, right? http://cdn-img0.streeteasy.com/nyc/image/84/207741684.jpg?_ga=1.175742818.1155924645.1449539880

Do you know how many stories will the building in the parking lot be? and when it will start?

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Response by jdonnall_4
over 9 years ago
Posts: 5
Member since: Mar 2016

NWT, do you know how high the building in the parking lot will be ? In the picture you shared http://cdn-img0.streeteasy.com/nyc/image/84/207741684.jpg?_ga=1.175742818.1155924645.1449539880 , will all the 4 windows be bricked up? Also, I heard there is a Related construction that will start soon. Is that the one that will start in the current parking lot?

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Response by NWT
over 9 years ago
Posts: 6643
Member since: Sep 2008

It was Extell that bought the lot to the east. They're combining it with a lot to the south. Didn't find anything on the DoB site, but it'll be as tall as the zoning allows.

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Response by jelj13
over 9 years ago
Posts: 821
Member since: Sep 2011

I think the side on the property line has the windows with the "chicken wire" running through them. I once lived in a pre-war apartment with one window like that and was told the mesh was mandated by old construction laws for windows on the property line.

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Response by NWT
over 9 years ago
Posts: 6643
Member since: Sep 2008

Right. Lot-line windows were made with metal sash and embedded chicken wire, to make them less likely to combust or break due to a fire next door. At 448W37 they're obviously original, while the windows to the front and back are 1980s aluminum replacements.

I have two of them. They were originally above an adjoining rowhouse, and now face another building about 10 feet away.

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Response by usqt
over 9 years ago
Posts: 1
Member since: Apr 2013

NWT, do you know if a lot-line window must always be bricked up or may still be preserved using a non-combustible solution?

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Response by alanhart
over 9 years ago
Posts: 12397
Member since: Feb 2007

A healthier way to look at it is that the apartments will be gaining different views, and maybe even more unimpeded wall space against which tall furniture can be placed. A win.

Excelsior!

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Response by NWT
over 9 years ago
Posts: 6643
Member since: Sep 2008

The openings have to be bricked up if a building goes up next door.

In the meantime, you can replace them just like any other window. It's more expensive than a regular window, though. E.g., there're lots of lot-line windows over adjoining landmarked rowhouses. No reason not to replace them, as it's unlikely there'll ever be a tall new building next door.

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Response by sg74
about 9 years ago
Posts: 0
Member since: Nov 2016

any updates regarding the potential developement on the East side? Will it block the east views of every unit?

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Response by phsmith
almost 9 years ago
Posts: 3
Member since: Jul 2014

I would love to hear any updates on the development to the east - anyone know how tall that will be? I know Extell bought that lot, not sure if they will build or bought it for air rights.

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Response by dblock
over 6 years ago
Posts: 0
Member since: Apr 2015

Anyone knows what the 2019 version of this discussion looks like for East and South of the building?

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