Sale at 60 Ann Street #108PH

I agree. Take a look at this listing too:

http://www.streeteasy.com/nyc/sale/281296-condo-williamsann-the-mecca-of-the-dowmtown-rennaissance-fultonseaport-new-york

On the market 7 months, price gets chopped by 15%, two days later the listing is pulled. I did not even see the apt. close on ACRIS. PH108 did not show up on ACRIS either. Something funny is going on.

Apts have been taken off the market because they have a new sales team Brown Harris Stevens. The doorman told me PH108 is being resold by the purchaser.

Euro, if you indeed do have cash, I would park it in that building!

AR, are you joking?

would NOT. sorry! would NOT park in that bldg!

How many units have sold? I count 72 on ACRIS and PH108 is not listed.
Any idea why no listings have been posted since the change to BHS? This is the peak sales season. Could it have something to do with the lawsuit that was filed against the District?

Why exactly is 60 Ann a bad place to park cash...?

GeorgeK- the listings are reposted on the BHS website, with the address 111 Fulton instead of 60 Ann St.
Jason420- I think the reason AR said she would not advise parking cash there is actually because of the number of unsold units and buyers defaulting, and the fact that trying to rent in there right now would be a nightmare.. From my reading of the lawsuit against the developers it sounds like a pretty thin veil for simply an purchaser who is trying to get whatever he can back in the current economic climate.

nycbrokerdax - I agree about the lawsuit, as for renting in District, would you guess the pricing on the streeteasy listings are accurate? prices falling? Is there going to be a glut of rental units there as the units are being completed?

Jason420- the problem with renting in the financial district right now is one of inventory, especially in the studio/1 bed lines, there is just such huge inventory because so many investors bought, look at 20 Pine 75 Wall, 88 Greenwich, if you look at the pricing histories, they are going down as the owners compete for a pool of renters that has shrunk. I do not know for certain if District itself will have tons of rentals, but if they do they will be competing in a difficult market. My guess is that, like some of the other FiDi buildings, the investors make up a large number of the defaults.