building at 30 West 63rd Street

seems nothing is selling (non-sponsor sale) at this point. those listings are there for quite some time now. hmm...

6F which closed for 507,000 in March 2010 shows sold in Streeteasy but do not see it on Acris yet

Just heard from another resident that 4 units on their floor have Bedbugs, this makes me worry they can move about a building.

All closings have a 2008-09 contract date Looks like 9R off market he bought it for 636,000 and can not sell it. Must be the Bed Bugs LOL

9R back on Market, they staged it this time, Owner paid 660,00 in March still trying to get to much some R line Apartments sold for 500K

636,000 for 9R

Wonder how much 6V and 8F sold for.

Bulls fan Kim and Tiviviam bought units at the fire sale prices. These may be their units. You will never know the true sale's price. They might have a paper sale of 900k with 200-300k cash back at closing. This way it would inflate the prices for future sales. Happens all the time in NYC.
Both these units sold for 500k. Kim could not sell 19P owner renting at this time....... I do see Kim working clients, telling them about the quality of the workmanship in this building, LMAO, her clients must be blind or trust fund babys who do not know what quality looks like.....At these prices I would expect a higher level of workmanship and better staff. The quality of staff in this building has gone down hill, jmho, and the management would lie to their own parents to make a buck. Building use to be much better in MHO.

I do not get it 22PR sold for 1.3 Mill and 31PR sells for 2.3 mill to Jose M Alvares Correa another contract signed in 2008 not a new sale but a cash buyer who works at ACI capital.. Jose must feel like he paid to much compared to 22PR. I do not think 110K per floor is a good deal.

chris13, what is the status of the bedbugs, we are looking to rent in this building, the finishes/price/view are by far better than anything we've seen in the same price range!!! many other buildings are pushing a lot of garbage!!!!!!!

Not sure they did not even tell people in building heard from a 14th floor renter. Be careful here if you have weekdays off lots of noise so do not expect to be able to relax monday thru friday between the hours of 8am and 5pm. I have some weekdays off and the construction noise has been going on for more then 2 years now with no end in sight. Some of the older doormen are great but new ones and manager are not worth a dime and they have a hard time telling the truth... JMHO

chris, stupid question: why don't you move out?

Dont have that option Bull wish I could

http://www.apartmentratings.com/rate/NY-New-York-30-Lincoln-Plaza.html

I don't know. I'm new to street easy, but it seems like Chris is obsessed with this place. I've been living in a VW apartment in the building for about a year. This building is great. Yes, there has been some construction noise during the day, but well worth the sacrifice for the major improvements the owner has made. The hallways, lobby, health club are now first class, as nice as anywhere I've seen. The staff is always courteous and attentive.

I'd bet Chris is one of the original insiders who decided not to buy his unit and now regrets it, as he sees apartments selling for near $5,000,000.

I think chris is probably (understandably) upset by some of the process in the building.

The only thing I disagree with him on is the assumption that various real estate brokers are conspiring to keep buying up apartments that go up for sale and continually pay material amounts of real estate taxes just for the farce that the apartments are worth as much as they say.

I also happen to know of somebody at my office who has tried to acquire an apartment for a price well above what chris has suggested is the actual value of these apartments and was turned away for not having a high enough offer.

Bulls fan you got some of it. Not happy with the noise, And new manager whom is less then an honest person and a few of the new doormen whom would do better working in the projects. Jenny I see you are either living in 16VW, 17VW or 32VW all sponsor apartments. The only one with a good view would be the 32nd floor unit and it would be kind of quiet because the construction is almost complete on higher floors. The building was a great friendly building but it is not at the current time. The owner never offered a deal to the insiders one bedrooms are selling for less then we would have had to pay. Only one apartment sold for high dollar like you stated(29STU) 31PR sold of what 2.3 Million for about 1700 Square feet and 4op at 1500 Square feet for 1.2 million. Looks like 9R may be closing for 850,000 for 692 square feet. The man for Massachusetts who owns 17P has been unable to sell his unit and he is having a hard time renting it. He needs around 5,500 dollars a month to break even and has been unable to rent it for that, current ask is 4,800 a month. Almost all of the closings have a contract date of 2008 Please do your research Jenny ACRIS is free. By the way the expensive unit was bought under the cover of a LLC, (SHOU LLC owner did not sign contract and paid cash)LLC formed the same month apartment went into contract.
Current Entity Name: SHOU LLC
Initial DOS Filing Date: JULY 02, 2010
County: WESTCHESTER
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE

chris, thanks for the research.

Since you're much better at ACRIS, any idea what 6F/8F sold for?

I tried looking for 9R. Is the 850,000 sale on ACRIS or did you hear about that from somebody else?

what is a better apartment on the low floors.. F or R? I would think F might have a nicer view on the lower floors (columbus circle?) but I would be horrified it would be very noisy...

Also, any idea when the heck the new laundry room is opening? They pitched it to me a year ago and it's still not open!

I would love to have a new laundry room too. The machines are sooo dirty and old!! TIME TO CHANGE!!!

Bullsfan
6F-Closed 3/24/10, Contract 12/10/08, 507,000 Melisa Dewitt, no new closing yet
9F- Closed 12/07/09, Contract 11/14/08, 509,125 Daun Kok, no new closing yet
9R- Closed 03/09/10, Contract 03/09/10, 636,407 Felicisimo Falcon, no new closing yet
F-line would give you a great view of Columbus circle But would need to be on high floor or hear every car on Broadway.
R-line View of Central Park 693 sf end of hall,higher the better for view
Laundry room- Building having problem with rent stabilized tenants. Building does not want to give a rent reduction to these tenants in order to move the laundry rooms. Elevators (2) are impossible to get in order to get to sub-basement wait times can exceed 15 minutes to get an elevator. So it would take 1.5 hours just in transit time to do laundry during the week. Also there will not be enough machines in new laundry room. Apartment on my floor who has their own machine still uses the machines on the floor, so the argument that there will be less people needing the machines is not so true. How about tenants will animal allergies, how will they get to the basement? Lots of problems with the logistics and the DHCR takes a long time to resolve fillings.

Contract date was 11/03/08 on 9R, sorry

I don't understand why they don't just open the new laundry room and leave the old ones working too.

Not sure bullsfan guess they want to close the ones on the floor first. They want to use those to run electric, etc....

27 STU closed 4,850,000 9/30/2010, Just like 29STU LLC made one week before closing and paid cash
Current Entity Name: ALMA EQUITIES LLC
Initial DOS Filing Date: SEPTEMBER 22, 2010
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE
Lawyer
MARK M. ALTSCHUL
I think he represents the National association of women artist
So 27-29 STU have been the only two units in the building to go for ask hard to beleive

Looks like 6V went for 850k...

Bulsfan
Looks like Joshua Shindler who bought 6V for 509,000 unloaded it to a person from Panama for 850,000 for a tidy profit. This person paid cash and of cours under the cover of a Panama S.A.
Prowell Management S.A. Panama City, Panama. Looked at the Panama directory could not find this shell company. I wonder if the IRS looks at transactions like this. Anyways Joshua is out and more relaxed in his Brookyn brownstone.

Nice profit. Seems like $1300/square foot on the lower floors...

I am frustrated with the noise, the dust, and the management in the building and I am looking to move out.
Can anyone suggest another building in the neighborhood?

Street easy has it wrong they show 32OPR but the apartment sold is 32OPRS to
Aragon Investments 50 Harrison St Hoboken, NJ 07030
32 OPRS is about 2890 sqf it sold for 4,048,818 cash deal

Bullsfan 1400 a square foot on the 32nd floor another fire sale contract 11/5/09 32MN is listed for 6.6 million what a joke. Can not trust this sales office now the STU buyers must feel like they were taken

4N is managers unit so Howard paid himself a high price LMFAO, 8F sold to Maya and Mikhal Erikh of Brooklyn for 820,000 paid cash.

4OP only sold for 1,200,000 just this year 09/2010

Seems like the value of non-insider deals for the lower floors is settling at about $1,400/sf

4OP is about 1700sf 705 per sf for this unit went into contract 9/2010 closed same month cash deal it was done nice open house sunday if you want to look at it

ACRIS does not show a new sale on 9R just shows the original buyer taking a lean on the unit for 400K, sales price was 636,000 about 940 psf

9R cash deal 885,000 (so would expect kickback to buyer)Ravi Chaturvedi and Bitasta Chaturvedi
Raaj Vilaas LLC I believe they are from Juno beach Flordia
1277 psf over priced for 8th floor. Garbage pickup under window will hear the sweet sounds of garbage pickup in the evening and morning. The new windows are not as sound proof as the old ones. Flipper made 249,000 K minus taxs and other expenses

chris, based on what I know of somebody who bought one of these units, the reason they are cash purchases is because many folks are having trouble getting a mortgage for units in the building due to the new stricter fannie/freddie lending rules since the sponsor still holds too great a percentage of the apartments.

That's the case in another UWS building where my cousin bought an apartment several years ago and is now trying to sell.

Bullsfan that makes it harder for one to buy. I thought the sponsor had a deal with WF to write paper for the units here?

Don't know what the deal is, but I'd guess that the sponsor's deal with Wells may not apply to resales (to the extent it still applies at all). Lending standards have tightened since they cut the deal (assuming they cut it in 2008/2009).

Yes, it makes it harder for one to buy, as you either have to put more or all down, and go through non-traditional lenders and mortgage brokers, which means a discounted price. My cousin is going through it and it lowers the price of the units by 5-10% in his estimation.

wow! just noticed the sale on unit 29A...what an amazing price! marc and adina must be really good at negotiating! ;) high floor at that price?? Now i call that a super deal.

29A not on acris yet Marc paid 484,000 for this unit

29DE sold and shows on ACRIS streeteasy shows it as only D so I beleive they are two 2 bedroom apartments for 3.3 so about 1500 psf

http://www.dlapiper.com/david_hryck/

this is the buyer of 29DE

looks like psf is selling in the 1200-1500 range on all apartments sold in last month. Wich I still feel is high for a mixed use building 50% will always be apartments and renovations are of low quality and no privacy between units, if you live here you know what I mean. Other then location building is substandard in workmanship, quality and management. Fair psf would be 800-1000.... Other then that I would not even consider. Would have to take the walls, floors and ceilings down to take care of sound, buy second set of windows. This would cost a buyer an additional 300-500 psf in renovations in the renovated units.

I like this building a lot but I would love to buy a unit at the price that marc paid. ;) Is he an insider? 484k is a steal. @,@

yes he was an insider will post when on acris, was a great deal for sure

My mistake he was not a insider he was an outsider whom bought during fire sale

really? I thought all outsider fire deals were closed long time ago. he could close the deal so late..hmm..

24CD sold 2,974,564 2.75% adjustable interest only loan for1,898,813 to Alan Gelband
http://www.gelband.com/index.html

1400psf

28V 789,144 paid 1223 psf great deal high floor
http://www.pattigermancounseling.com/

wow! where on earth did they learn about these amazing deals?? I must have had a wrong broker!!! (;o;)

29A for 484,000 So 750psf what a deal

You

Mark and Linda Peters 7K from KIM the realestate agent whom bought this unit for 1,008,068 (806 psf)then the Peters paid 1,600,000 so 1280 psf
Looks like 1200 psf is the going rate here

Melissa Dewitt selling 6F closed at 507,000 in Feb 2010 and has relisted again....

http://www.apartmentratings.com/rate/NY-New-York-30-Lincoln-Plaza.html

Building lost the fight to move the Laundry room's to the basement. I am sure they are not done with this but they have lost twice over the past 2 years. The biggest problem is not fixable, poor access to subbasement, it is almost impossible to get down there during the weekdays not to mention unsafe conditions.

Chris13, I know you are following the sales in the building, but it is kind of crazy that the building management is aggressively kicking the tenants/renters out of the building by raising their rents by 30-50%. So frustrating to see how they can push people around like that.

21 OPR
To Mehta Prakash and Shefali Shah
was in contract 06/2008
They put 2.2 mill down the rest in a note from Citi so 66% down
1400 psf sold during fire sale in 2008
good views from this unit but same thin walls and low quality windows and workmanship

Wow look at all the rentals hitting the market, must be due to slow sales. NYT show more then listed in this site and look at the prices what a joke.

Saw 6F today, "reduced" to $875. Not bad when owner paid 507k a year ago. No floor plan in brochure, I am sure they didn't want anyone to realize they were paying close to 900k for 574 sq ft. Disgusting how the realtors and their friends got in on the secret deals and are now flipping for a several hundred thousand dollars just a few months later.

Meet Mark Sheeran today for the first time. He is very young and I was told he is still in school. They must have hired him to take the fall during the construction. Either that or he is related to someone at 30 Lincoln. I really do not think he can manage this building as things have gotten worse with him in charge. Again they are fighting to get rid of the laundry rooms on the floors. Went to the basement today, there were 15 constuction workers waiting for an elevator. Went to floor and waited 20 minutes before elevator stopped and it was full. There is no way anyone would be able to use the laundry room in the subbasement during the week.

28V 789,144 paid 1223 psf great deal high floor 11/23/2010
http://www.pattigermancounseling.com/

She flipped the unit a month after closing to Vivian Kim from Fresno CA for 1,100,000. put 50 % down TD bank loan for 550,0000
Seems Patica German has moved into 28ST unit lets see what kind of a deal she gets on that. Also is seems she is running her company out of her apartment which is against condo bylaws.

http://www.eyeqvc.com/our_doctors.php?id=4

D SOLNICK DESIGN & DEVELOPMENT, LLC paid 3,005,112 Last year for unit and put about 600 k in it and trying to sell for double. What a joke , he did not even put a second set of windows in and the walls are not soundproof between the other two units on either side. Do not forget 15cpw and the Century both put there garbage out directly below this unit so the sounds of garbage pickup several times a week. Buyer beware of this building, most units rentals and management subpar at best. JMHO

Another lawsuit for 30 Lincoln and will post 6F closing when I can get it.

http://therealdeal.com/newyork/articles/tenants-sue-milsteing-properties-over-30-lincoln-plaza-at-30-west-63rd-street--2

Vivian Kim is cute!

Strange in contracts for 7F nd 8T for the same price as they sold for in 2009. The couple that bought 8F paid cash and paid 820,000 what a rip off if you look at the price paid for 7F.

8F-sold for 820,000 to Mikhail and Maya Erlikh 35 seacost Terrace APT 19c Brooklyn NY 11235 wonder if they know that 7F sold for 560,038. Why dont these people look at comparables?

8T sold for 560,038 also.

Received a mailing form Matthew Gulker today saying he sold 6F for more than 8F. I cannot find it in ACRIS. The unit is owned by Melissa Dewitt-Stevenson she paid 507,000 for this small unit near the street. If you ever speak to Mathew like I have he tends to over represent the building for more than it really is. He compared the health club to south beach. Just remember Mathew bought his unit dirt cheap. When unit hits acris will post info, it amazes me why anyone would pay what they are asking for those small apartments near the street. JMHO

5 BCD sold for 2.4 million to David F Strausman, 1 Million loan from Metlife Home. This unit is about 2730 sf so 879 dollars a square foot. He was living in 4CD before the deal. D SOLNICK DESIGN & DEVELOPMENT is trying to get more then twice this price for his unit which is smaller but on a higher foor.

8S is for sale another flip.
Looks like her dog that is in the picture is over 25 pounds she must sell or get rid of fido.
TALMOR, MARY KIM closed on this unit 12/10/09 for 585,494 after reno and trying to flip for 300k more. No view from this unit. We will see what she gets on the flip.

26 VW sold to THE WEST GORDON 2006 TRUST DATED MAY 26, 2006, Kevin R West and GORDON, COLLEEN A for cash at 2,494,713. The most per square foot in the building, I think this unit is only about 1260 sf. Like they say a sucker is born every day.

Anybody sign a lease here recently?

1 of my good friends rents there, he loves it no issues with really anything he pays his rent on time and does not have problems with management or supers...ect. the roof deck is out of control.....nothing else like it that I have seen in a rental building...views are amazing.

MR 17 you can not use roof unless you pay for club membership (5000.00 per couple a year and IMO not worth it much better gyms in the area). Management is terrible,they make rules and do not enforce them. Just look at all the dogs, all larger then allowed and they are now allowed in all areas from what I see. Bullsfan from what I have been told some leases come with a 20-40% increase if they want your apartment. All new tenants on my floor with new kids who all play in the hall 2-3 times a day and dogs running up and down the hall barking. Feel's more and more like public housing to me. JMHO

Chris13, I'm starting to think you're on some sort of Section 8 program with how you're still in this building even with your myriad of grievances.

Every building has its issues; yes Oasis is a expensive but for those of us who partake it is enjoyable even with some of the Communistic rules they have. With respect to the leasing increases, most companies will try and increase rent year over year, perhaps not as much as this management company but everything is negotiable.

Why are you still in this building?

I find the staff incredibly responsive to any issues we've had in the over two years we've lived here, the so-called "bad years."

I just never understood the attitude at Oasis. You'd think for that price they'd provide better customer service. And the guest policy is a joke. Anybody have any luck getting them to bend on it?

You're right Bullsfan, it really is a shame. The space carved out for Oasis is truly that. To have those sorts of amenities in the building are fantastic. Their customer service tries too hard to be more formal than is needed. Anytime you complain you get a generic response like you've been dealing with a major airline. Speaking to them in person is the same. I think if they loosened up it would help.

On the guest policy I sort of get it, if it was relaxed then maybe too many people will be there. The prices are a little far flung, especially for the drinks. It's cheaper to get a vodka and tonic at PorterHouse than Oasis.

I can understand not wanting guests to use the pool or health club without paying, but when you pay that amount of money for use of a roofdeck, bringing 2 guests to sit and relax on a Sunday morning should not be a $100 charge if you stay more than an hour.

The fact that sitting and minding your own business incurs the same guest charge as using the pool and gym all day, to me, is just taking advantage of people for no reason.

There always seem to be 3-4 people behind the desk or in that little office doing absolutely nothing. Maybe if they cut back on those people they could relax the rates.

I am an insider who bought my unit. I have been reading this forum for some time. I am frustrated by the fact that Chris13 continues to bash the building with facts that are inaccurate and incomplete. In fact, most of the sales he describes in the present were originated and signed before the plan became effective, many of which were purchased by insiders who took advantage of the insider discount and it’s portability. All insiders had the opportunity to take advantage of these significant discounts as described in the offering plan. It seems Chris13 is one of those who did not have the resources/decided not to purchase and is now bitter about the mistake. The facts are that there have been four sales originated since the plan became effective which closed at an average of $2,273 per square foot – not bad considering the economic environment we are experiencing!! The deals are as follows: 16H - $2,266/SF, 29STU - $2,393/SF, 27STU - $2,418/SF, 26VW - $2,015/SF. Comparison to sales before the plan became effective are not worth anyone’s time or energy. This is the current market. I am very happy that I purchased and now have significant equity in my unit!!!

squashgw, funny sec 8, I wish lol, no just a little upset all the time just my opinion from my experience. You must see the dogs, come on now do you think they are all under 25 pounds? And the rules use to be Dogs only in service elevators now they are in all the elevators (Liability issue). Yes if problem in apartment maintenance is very good but if problems with other building issues management is very slow or does not act at all from my experience. I think it really matters what floor you are on and who lives near you......Bullsfan as for the club years ago you could bring your friends to the roof and I think it was only 3000 per couple, we would go to the roof with friends all the time in the past.

6F (New SALE) aprox 1251 PSF
cash deal 830,000 to three buyers Jinya Chen, Shiyan Zeng and Amy Chen all of Boston, MA 02116

AAlex
Five tenants of 30 Lincoln Plaza on West 63rd Street have filed a lawsuit against building owner Milstein Properties, alleging the latter sold units to outside buyers at a discount price while not offering the same to current residents, The Real Deal reports.

The lawsuit, filed May 5, 2011 says that prior to the downturn, Milstein told existing tenants they would receive a 25 percent discount on the price offered to outside buyers, but the developer ended up cutting the prices for only those latter buys, according to The Real Deal.

The suit also alleges favoritism by the developers, who supposedly gave certain tenants up to 50 percent discount while trying to hide their identities by naming them as outside buyers.

Chris, isn't 6F 569 square feet, which would make it 1459 PSF?

I have seen the realestate agents saying F-line is 663 sf, have not been in an F-line, would have to look in Condo Book you could be right. Looks like the Chinese are the only ones who can afford to pay cash in this building and in NY at this time.

Just going off the combination of the cost of the maintenance/taxes, the fact Streeteasy listed 14F as that amount of square footage, and the fact that the floor plan looks like that's about right.

569 is what the book says so you are right but still resold for less then insiders price

AAlex is right: ALL of the recent sales of large apartments with views on the open market (this excludes the insider sales that were done to fortunate tenants at a discount) are at high prices. 16H - $2,266/SF, 29STU - $2,393/SF, 27STU - $2,418/SF, 26VW - $2,015/SF (and this was the sale price UNRENOVATED AND GUTTED). Even a 1BR, 28V, was sold at $1,692/SF. 29DE is a combined apartment that sold for $1,968/SF UNRENOVATED AND GUTTED. As the construction abates and the building becomes more sold, this should only help the values of apartments.

Happy only 3 apartments have been reno on my floor. They take about 3-6 months on each unit. There will be construction in this building for several years at this pace. Really matters how many units Howard keeps for his rentals and if he is going to reno any of those units. Sure some units on high floors are getting a good price but 21st and below are re-selling for less then insiders price at this time.

31VW 1230SF sold for cash 2,698,363 contract 4/29/2011 Chu Jane Siu Keung and Kuk James Kwong Fai

http://www.nytimes.com/2011/08/11/nyregion/chinese-investment-grows-in-new-york-city.html?_r=1&emc=eta1

any idea how much 8S sold for?

7J was a deal apartment sold to Natalie Merdinger for 1008068 then fliped in June 2011 to The Helen and Jennifer Turner Realestate Trust (Rosemary Turner 164 Stanwich Road Greenwich CT 06830

Sold for cash 1,794,000, 1753 PSF

Do not see 8S yet

Chris, I saw 7J and it did indeed have very nice finishes, but at 1,262 sqft, it comes out to 1421 PSF.

31FGH was a cash deal hidden within Jamboree Holdings LLC - Copley Investors of Boston
4836687 cash 2064 sf
2343 psf

and kyle you are right ( but look at the trim details very poor finish if you look close, lots of wood filler used to make up for bad cuts and walls not sound proof)

I think Chris Black Of CA is the person hidden within Jamboree holdings FYI

8S still has not closed and it shows it rented 09/2011

chris, rumor has it that it went for 880,000

8S sold to Samuel Caplan for 870,0000 cash deal

8W not a new sale this was part of the deals to outsiders
8W owner was hidden in an LLC transfered to owner and a 350k TD bank loan on this unit

Owner of 8W is the owner of 14K
8W-507,000
14K-967,000
Euching Lin and Wayne Yang