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How high is up?

Started by 30yrs_RE_20_in_REO
almost 2 years ago
Posts: 9876
Member since: Mar 2009
Discussion about
This should be interesting: Over $500/SF asking rents . https://erinboissonaries.com/maison-hudson
Response by 911turbo
almost 2 years ago
Posts: 280
Member since: Oct 2011

I obviously don’t understand who would pay these ridiculous rental prices but at least some of the selling point is you have all these amazing amenities at your disposal and you never actually have to leave your apartment. This is great if you’re staying near Newark airport but I would think you would want to actually go outside and explore one of the greatest cities on earth? aren’t there a zillion Michelin starred restaurants, Pilates studios, fancy gyms in manhattan, all within walking distance of this location? I just don’t get it but I then again I’m definitely not the people they are marketing to.

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Response by inonada
almost 2 years ago
Posts: 7931
Member since: Oct 2008

I think the idea for the place is as an extended-stay hotel. $1000-$1500/night isn’t really strange for hotel rooms at this size/quality, but usually you don’t have to book in increments of 30 days.

Also unclear why they’re selling the PH as part of the concept:

https://streeteasy.com/building/maison-hudson/penthouse?id=1694074&model=sale&showcase=1

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Response by Rinette
almost 2 years ago
Posts: 645
Member since: Dec 2016

Let's check in on the price chopping at 100 Vandam's 6 figure monthly rental:
https://streeteasy.com/building/100-vandam/ph

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Response by 30yrs_RE_20_in_REO
almost 2 years ago
Posts: 9876
Member since: Mar 2009

inonada,
Buy that and you all all but guaranteed to be outvoted on just about every decision regarding the building. I have the same issue with a lot of new projects where the Condominium section of buildings doesn't hold the majority interest in the building like 21 India Street, 9 DeKalb Street, and a certain project Bklndent refuses to admit has built in structural (financial not physical) issues.

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Response by Aaron2
almost 2 years ago
Posts: 1693
Member since: Mar 2012

Or, for a bit less, but similar services, you could own something at the Pierre: https://streeteasy.com/building/the-pierre/512

(Or the Carlyle, or any number of other traditional places -- sort of amazing to see that idea coming back in style.)

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Response by Rinette
almost 2 years ago
Posts: 645
Member since: Dec 2016

Yes, but does the Pierre give you free macaroons from the possibly affiliated Maison Kayser?

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Response by truthskr10
almost 2 years ago
Posts: 4088
Member since: Jul 2009

Reminds of the croissants at the downtown Setai.

Though since the building did lose the name, I wonder if the croissants dont taste as good

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Response by Aaron2
almost 2 years ago
Posts: 1693
Member since: Mar 2012

I think that to offer "...personalized services that will exceed all expectations" may be over promising, given my particular expectations about personalized services. On further browsing, the list at the bottom of the page is disappointingly circumscribed.

My best wishes to them in their efforts to separate a lot of money from a lot of clients.

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Response by front_porch
almost 2 years ago
Posts: 5312
Member since: Mar 2008

Aaron LOL. I remember showing a high-end Chelsea rental about ten years ago -- the kind of place where you would have Courtney Love as a neighbor -- and the sizzle then was that someone would run to the local fashionable neighborhood juice place and restock your "juice refrigerator" every day. And I remember thinking, "do rich people really have that much trouble getting breakfast?"

I mean at a certain level, personal assistants are just... around.

And also, depending on what one does to make money, there's other staff. For example, none of my clients who are on TV on the regular are going to let a rando (even one hired by a high-end-boutique-discreet-catering-to-the-global-rich-hotel-type-living experience-place) touch their hair.

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Response by 30yrs_RE_20_in_REO
almost 2 years ago
Posts: 9876
Member since: Mar 2009

I kind of wonder if the developer of this building, before committing millions of dollars to this project, spent money having an appropriate professional engage in a survey of what actual potential users of such a building would want to see in such a project, or they simply asked some (insert 4 or 5 ridiculous superlatives) Broker what features they needed, and with the usual hubris that agent thought they could just wing it.

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Response by 30yrs_RE_20_in_REO
almost 2 years ago
Posts: 9876
Member since: Mar 2009

For anyone who has stayed at RH Guesthouse how do you think the 2 compare?

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