450 Washington
Started by 911turbo
about 1 year ago
Posts: 280
Member since: Oct 2011
Discussion about
I’m curious if any units have resold since this project was initially launched and if so, are sellers even getting close to what they originally paid for? The prices for new units seem crazy, I get it’s a good location, new building, lots of amenities but over $800k for a tiny studio and this isn’t even a condo? https://streeteasy.com/building/450-washington-street-new_york/1107?showcase=1
A quick browse of ACRIS records doesn't turn up any resales. I don't understand the prices either (tiny studios!: #403: 443 s.f.), and particularly given the land lease situation.
what's the max in this building vs. others nearby with Hudson facing apartments / views?
A couple of those studios are in contract so it looks like it's an attractive proposition to some people. I can't imagine paying that in a land lease. Goes to show what they say about location.
Almost a million dollars for a 9 and a half foot wide apartment.
Perhaps not viewed as unusual when the 'local' newspaper is going on and on about $910 fleeces:
https://www.nytimes.com/2024/10/10/style/rier-fleece-luxury-pullovers.html
"It's immoral to let a sucker keep his money."
Canada Bill Jones
That article reads more like something that belongs in FT HTSI.
I'm not sure what to make of the modern era NYT. Trying to be all things to all people I guess.
Some mix of centrist objective news coverage, heavy team blue cheer leading, random agitprop op-eds to try to show both sides..
Then tons of social justice coverage juxtaposed with top-1% culture. This part to me feels the most out of touch.
I'd never heard of Hudson Square until recently. When was it coined?
https://www.nytimes.com/2024/10/05/business/hudson-square-nyc-google-disney.html?ogrp=ctr&unlocked_article_code=1.R04.nspy.ZCP6lg7JlkpU&smid=url-share
On the commercial side it's been used for a while and well accepted. On the residential side it's largely a shrug.
MTH, at least ten years, maybe more. Used to be the printing district when we had that industry.
The building, 450 Washington, was a rental building converted to condo. It's a land lease building hasn't traded as competitively like prime West Village or Tribeca.