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Archstone

Started by romary
almost 17 years ago
Posts: 443
Member since: Aug 2008
Discussion about
comments appreciated re living in an Archstone bldg in Manhattan...
Response by coverdrive
almost 17 years ago
Posts: 41
Member since: Oct 2008

lived in the 54th st archstone bldg. didnt realize until after we moved in that it was 80-20 bldg. they let you move between apts within the entire archstone community throughout the lease period.

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Response by Otto
almost 17 years ago
Posts: 128
Member since: Dec 2008

We've been in 101 West End for over a year. The apartment was immaculately clean when we moved in, and any maintenance issues are resolved very quickly. We like having the option of being able to transfer our lease, though overall, we are very happy here and planning to stay put.

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Response by mercuricoxide
almost 17 years ago
Posts: 73
Member since: Dec 2008

The 54th st location has very low rents, studios starting at $1900 and 2 beds at $3600.

Never lived in these buildings but by going to their site, it seems that they have a ton of vacancies. This either suggests very poor quality or very high rent hikes.

http://www.archstoneapartments.com/Search_Results.htm?state=NY&market=90

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Response by aboutready
almost 17 years ago
Posts: 16354
Member since: Oct 2007

Or a very poor rental market.

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Response by iceman1996
almost 17 years ago
Posts: 24
Member since: Feb 2009

http://www.nybits.com/nyc/posts/list/400.html

This website has a lot on archstone - especiall Key West - 750 Columbus. From what I here all their buildings are a mess. Their motto is churn em and burn em

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Response by Otto
almost 17 years ago
Posts: 128
Member since: Dec 2008

Agree with some comments above, to some extent. We were asked to pay 8% increase when we renewed our lease. But mgmt. was open to negotiation when it came down to brass tacks, and we settled at a nominal increase. Because of the transfer clause, I anticipate we will have plenty of options for our next renewal. Also, a long-time resident told us that after 9/11 everyone's rents were reduced. Hopefully mgmt. is still similarly sensitive to market conditions. I maintain my opinion that the building is very well managed. Looked around quite a bit at other properties and found them very shabby in comparison to ours.

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Response by evnyc
almost 17 years ago
Posts: 1844
Member since: Aug 2008

I looked at a couple of Archstone properties during my recent apartment search, and thought them fine. Went with another company, but I saw no red flags while touring the properties. (Note, my standards are pretty relaxed.)

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Response by romary
almost 17 years ago
Posts: 443
Member since: Aug 2008

thanks commenters - appreciate the input

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