88 Greenwich vs 20 Pine

I love 88 Greenwich, but FWIW, the last client I showed 88 Greenwich to ended up in the Verdesian.

ali r.
{downtown broker}

why do you love 88 Greenwich? Why'd your client choose Verdesian?

From 2003-2005 I ran the real estate section of the Post, which was my exposure to much of NYC's real estate community. Through that job I met and grew to like Andrew Heiberger, who at the time ran CitiHabitats, and left to develop 88 Greenwich. From where I stand now, as a real estate agent, I feel like there are "good developers," and I thought Heiberger did a good job, maybe because of his sales background, delivering value for money. I like the finishes of 88 Greenwich, and I like the shared amenities rooms. And I believe long-term ,that side of FiDi will gentrify.

Of course, if you're renting, you have to weigh how much owners are charging you for finishes, location, etc.

The Verdesian is a very well-run "green" building. Some of "green" is hype, but some of it isn't. I have actually put two clients in there, and they're both thrilled with the quality and the service. Note that the location works for them because they both need PATH access. (Some people think BPC is out-of-the-way, but some think it's "Tribeca-adjacent" and like having access to that retail. )

We have been having OP discussions on other threads -- at this point, the Verdesian is probably offering one-month to brokers, so that might be a financial consideration too.

ali r.
{downtown broker}

I have looked extensively at both bldgs., and here are my observations:

20 Pine: Nice bldg and finishes, but I'd stay away only because of the financial uncertainties and odd layouts. The last I heard, the few owners may end up carrying the cost for the unsold/unrented units if the company goes belly up.

88 Greenwich: Very sexy, but I'd be very careful. Some engineers mentioned about the land collapse issue in the immediate area. Also, MTA has a plan to convert the garage into a 20+ story office bldg., which will block all of the south-facing windows--since 88 Greenwich doesn't have the air rights. The sales rep pretended as though she didn't know this when I asked her specifically about it. It won't be happening for another decade or so, but it is certainly a consideration when you're spending close to $1M.

In that area, I'd instead recommend 45 John and 90 William. They were both very nice overall, and the pricing is quite smart.

I felt that 88 Greenwich has GORGEOUS common areas, but gloomy dinky feeling rooms.

Finishes in 20 Pine have a nicer, much sexier look.

20 Pine has the better abatement & more amenities (however most amenities aren't ready yet).

20 Pine is definitely more in the main drag of Wall Street, closer to restaurants, shops & grocery stores. 88 Greenwich definitely feels more like you're on the edge of town.

sticky - 88 Greenwich, when you say the rooms are gloomy and dinky, are you refering to apartments? And then how so. Interesting front-porch said she liked the finishes in the apartments.

nyc212, thanks for the info on the garage. I'm looking to rent, so I guess it won't affect me for some number of years.

Would be real irony if the developer of 20 Pine went "belly up" given the wealth of these people!

neither. go for wm beaver house

When will 20 Pine get finished? It's amazing how most NYC condos are getting delays after delays. Almost no project gets done on time.

The location for both buildings are awful. The notion that financial district is now "trendy" is downright laughable.

DO NOT buy at 20 Pine. WAY TOO MANY apartments for rent. Seriously, look at the rental listings on Street Easy and please explain to me why the heck there are so many!

William Beaver will never sell. Prices are too high, set for a Wall Street that existed a year ago and is gone forever.

I looked at both 20 Pine and 88 Greenwich. Don't like the floorplans in the conversion bldgs. Just my taste though. Settling on new construction instead.