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What's going on at 15 William St.?

Started by Trompiloco
over 17 years ago
Posts: 585
Member since: Jul 2008
Browsing the recent price changes section I'm noticing that this particular development changes its prices literally every day. They have tons of units and raise prices in some and lower it on anothers without end and without rythm. Unit size, floor, etc. doesn't seem to matter... does anybody know how badly they're doing? Or are they just doing it for fun?
Response by realfacts
over 15 years ago
Posts: 9
Member since: Aug 2009

Hi everyone,
Sorry for not commenting before, but the real facts are that Sapir owes a lot of money both to Blackstone (mezz loan) and iStar (Senior loan). Due to those debts they can't close any sales in the last 7 months! They can't even get contracts out. Basically, the brokerage there which is Prodigy lies about the situation and percentage sold and they keep on putting the open house signs, which is BS to bait clients to come and then maybe catch them and sell them in other buildings in the neighborhood. Everything about the building and brokers working there is shady!! be ware of them and their bait ads for sale or rental in the building... I responded to an ad and this chic tried to convince me to see other buildings with her after I realized they don't really have anything available there!!! But I guess there will always be suckers, so they'll keep on putting those baits until the state department will go after them and their licenses! Too bad for the building because it is a gorgeous building and amenities. At this point Sapir has to sell buildings to pay his debts or the WBH will go to foreclosure.

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