building at 111 Fourth Avenue

i was wondering the same.

There are over 170 units in the building, 8 are for sale....would you call that "tons?" A few of them have been sitting on the market for several months now. Considering the market and loss of jobs/income, this is nothing.

Yeah, I have to say, there are always a good number of apartments for sale in that building... and a similar one on 11th.

I think they are mostly smaller apartments, and its a NYU-heavy area, so I think you're talking a lot of short-term buyers.

really? these are not nyu type people spending $800,000 for a 1 bedroom. 111 4th is a really hot building and its too bad.

> these are not nyu type people spending $800,000 for a 1 bedroom

Yes, their parents...

TONS of buildings in the area allow for buying for children...

Building Policy states:
The building has a policy of "No students," undergraduate or otherwise.
Also 4% flip tax on profit to seller.

This is a high-end, beautifully maintained coop--very difficult to get into...debt to income below 30% is a must...

wow 6I just took a huge hit 1.25 -> 995K

> The building has a policy of "No students," undergraduate or otherwise.

Would that not be illagal?

'no parent guarantors' is not illegal. if a student has the cash and income to buy for themself, they'll let them in,.

I looked at several apartments in this building in '06 and '07 and there most certainly are a number of students in the building. Some had their parents buy the apartment and they lived in it and other subletted from other owners. It also has a bit of a strange layout, where you have to go through a "maze" to get to the 2nd half of the building, which also gives it a bit of a "dorm-like" feel.

the reason for the for numbers increasing is that nyu just finished a dorm that wipes out the views in half of the building. the values will be there accordingly.

Apparently a big chunk of the rear facade fell off in the storm today.
https://therealdeal.com/2020/08/04/east-village-facade-plunges-to-street-brooklyn-building-falls-during-storm/

I can't get the video to play so it's hard to tell how bad it is.

Gives new meaning to the term "Open City Views"!!!!!!!

Bricks wall is intact fortunately. It is really the Stucco / plaster like layer on top of bricks which came down. Guessing there was some water penetration for a while. Back of the building towards NYU dorm. Fortunately no one hurt but a few cars got damaged.