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Dress Code and Requited Fragrance Enforced

Started by Rinette
about 2 years ago
Posts: 646
Member since: Dec 2016
This concept seems more Miami than UES.
Response by Rinette
about 2 years ago
Posts: 646
Member since: Dec 2016

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Response by front_porch
about 2 years ago
Posts: 5316
Member since: Mar 2008

Not new for New York. When 20 Pine in FiDi was first launched in 2007, the idea that residences were collaboratively designed with Armani/Casa was fairly front-and-center.

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Response by inonada
about 2 years ago
Posts: 7952
Member since: Oct 2008

That didn’t work out so well for the buyers:

https://streeteasy.com/property/1427735-20-pine-the-collection-1619

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Response by inonada
about 2 years ago
Posts: 7952
Member since: Oct 2008

I get a similar sense here. The building / apts are rather unremarkable at $5K-$8K ppsf. If it were $3K-$4K, it be in line with the market IMO. Is the sheen of Armani worth more? I don’t really think so, because that sheen fades. In 10 years after marketing is done, all you are left with is the location, architecture, etc. and like 20 Pine, people asking WTF about the original prices paid.

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Response by Aaron2
about 2 years ago
Posts: 1698
Member since: Mar 2012

Agree w/ 'nada -- ho-hum, if large, apartments with some trendy items (stupidly large EIK, egg tub). The design is a good example of what it is, though starting to look dated, and the architecture is a bit weak (wasted hallway space, DR windows poorly placed). For those who want a turnkey 'designer' residence it would be fine though. What I do not fully understand is the integration of the adjacent building (19 & 21 E 65th) into 760 Madison (charming exterior - glad they kept it). May have to wait for the lower floors to come onto the market to see what's going on there.

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Response by 300_mercer
about 2 years ago
Posts: 10570
Member since: Feb 2007

Perhaps they are selling for 25%+ off the ask. Ask for these high priced properties are all made up anyway. I can see 5/6th floor going for $3500+ per sq ft - what Nada is thinking. PH a little more depending on how you factor in outdoor space. For some, it is very desirable location. Not much supply of condos in that area.

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Response by pinecone
about 2 years ago
Posts: 143
Member since: Feb 2013

Dog grooming. Good lord.

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Response by 30yrs_RE_20_in_REO
about 2 years ago
Posts: 9877
Member since: Mar 2009

Lipstick on a pig

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Response by Rinette
about 2 years ago
Posts: 646
Member since: Dec 2016

Financial District is always the financial district. Is there an example in the real residential parts of Manhattan?

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Response by Krolik
about 2 years ago
Posts: 1370
Member since: Oct 2020

Who is the target market for these Armani residences?

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Response by 300_mercer
about 2 years ago
Posts: 10570
Member since: Feb 2007

Kids in Private school and work in Mid-town. Privacy Seeking. So coops are out.

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Response by 300_mercer
about 2 years ago
Posts: 10570
Member since: Feb 2007

To add, UES has limited condo choices west of Lex.

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Response by 30yrs_RE_20_in_REO
about 2 years ago
Posts: 9877
Member since: Mar 2009

Oligarchs who needs to launder their ill gotten gains.

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Response by Krolik
about 2 years ago
Posts: 1370
Member since: Oct 2020

Doubt too many people purchasing Armani residences “work” in midtown or elsewhere.. lol

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Response by 300_mercer
about 2 years ago
Posts: 10570
Member since: Feb 2007

You will be surprised at how many people in private equity and hedge fund world are midtown workers and UES residents. Ignoring Armani stamp and associated price, it is just nice contemporary finishes. One doesn’t have to pay asking price. But finished condos are scarce in that area.

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Response by Rinette
about 2 years ago
Posts: 646
Member since: Dec 2016

>One doesn’t have to pay asking price.

Ah, Armani Exchange

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Response by 300_mercer
about 2 years ago
Posts: 10570
Member since: Feb 2007

Ha. Just to nitpick, what seems to be powder room has drawer in the vanity (nero marquina black) but not the main bathrooms. And I do not see a medicine cabinet either. And the marble in the bathroom with mosaic is strange color.

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Response by 300_mercer
about 2 years ago
Posts: 10570
Member since: Feb 2007

Huge kitchen but not enough cabinetry for such a large apartment.

But who am I to criticize Armani?

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Response by stache
about 2 years ago
Posts: 1298
Member since: Jun 2017

Kind of a 'last week' designer.

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