The Brompton

Just to clarify, you are looking for someone to take over your purchase?

I like the Brompton. I think Stern does some decent stuff (I watched the Chatham get built) and I think long term 86 & 3rd will only get better. UES is the opposite of hot right now, 2nd ave subway still being constructed, this corner was boarded-up tenements for years...

Are you looking to unload your purchase or takeover someone else's?

Its a very busy corner, but the exterior of the building at least looks beautiful. Need to get rid of all the cheap fast food places there.

cold stone closed. the straight from the crate next door is gone. A tasti delite went. The recession is going to take care of a lot of that.

But Papaya King, you need to keep that...

Seriously, my point is that used to be cheez hell of stores and such, very low-dough, and I think this round of development is on its way to knocking that out. The worst offenders were razed and became the brompton and the lucidia. I think we'll see an eventual shift of the area once the economy gets in better shape.

The bldg itself is great... What I want to know is how many people won't close and if their are deals to be had.

This is a Stern building. I have a feeling the buyer profile was a little better than other buildings, with fewer crazy mortgages. I know they also aimed family with this one, so possible a little more stability. That being said, I can't imagine anything just closing now being immune. Keep an eye out and you might find some fire sales...

I think this building required 20% to sign a contract. Even so, who knows? Seems like a risky purchase short term, particularly if employment is at all iffy. Agree though, very nice building, would not have expected it of Related.

nyc10022, you are referring to Lexington (where Lucida is located). Brompton is on 3rd, with a Burger King about 50 feet away.

I don't think that stretch of 86 street will ever really shift. You have a lot of folks getting off the subway from points north who come for the movies, to shop at the mostly low-rent stores. You will always have bus and cross-park traffic. Just way to congested and cacophonous for my taste.

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Sorry for the typo above. nyc10022 - i'm not looking to unload not (but will have to if somethings don't turn around for me), but I'd be happy if the developer were to help in getting purchasers to the finish line so to speak, as I can't believe that I am the only one whose financial situation has changed and whose closing is not in jeopardy.

Have they said when they will be ready for occupancy? Cant people back out if it is past some sort of promise date?

I believe closing letters went out to some already. I am an approved lender for the building and almost every contract holder I have spoken doesnt have much of a problem with financing. Although the terms at 20% are less favorable than they were a year ago. Which some people are still looking for as opposed to having to put down 30% for more favorable rates.

Twill, hi. I agree with you. i am also in the same position and hope the developer works with us to get us across the finish line. unfortunatley the mortgage market is not as liquid as before and there must be other buyers in the same position as us.

> nyc10022, you are referring to Lexington (where Lucida is located). Brompton is on 3rd, with a
> Burger King about 50 feet away.

No, I'm not.

Papaya King is 86&3rd...

"Sorry for the typo above. nyc10022 - i'm not looking to unload not (but will have to if somethings don't turn around for me), but I'd be happy if the developer were to help in getting purchasers to the finish line so to speak, as I can't believe that I am the only one whose financial situation has changed and whose closing is not in jeopardy."

Thanks for the update. I think I get what you mean...

Good luck with that.

does anyone know when occupancy is expected? would love to actually see the inside of the units

looks like it keeps getting pushed back..

http://www.nycondoblog.com/?p=563

It was only DEc when they said it wouldn't be 2008...

What is a 2 bedroom going for there now?

Last time I saw a price list, avialable 2 bedrooms ranged from $1.885M - $2.15M (1,328 - 1,392 SqFt) and up to $4.15M for certain 2 bedroom "Pluses" which I think meant an addtional den but not sure.

Walked by the brompton last night and oddly, there appears to be someone who has moved in (TV on the walls, painted room, bedroom all set up). By the set up, it doesn't appear to be a model. I say odd because the building definately doesn't look finished.

Woodsmit- I've noticed the same thing and thought they were starting closings earlier than expected. The last I heard (as recently as 1/16), closings were not supposed to begin until 2/2.

Is it just me, or are there other folks out there getting their closing dates jerked around? Mine has been moved 4 times thus far.

You can rent there now, check it out.