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wanna see what $1M gets ya in a loft in new york? bonus vs cle/cols lofts

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Someone needs to pitch this title to a romance novel writer:

 

The Harley & The Assistant

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That whole color scheme is just ugly. And who the hell buys that much white furniture?

That whole color scheme is just ugly. And who the hell buys that much white furniture?

 

My friend and I both has impeccable design taste.  We both have apartments in Cleveland and NYC and I generally rate my Cleveland apartment a solid 9.  His apartment in Cleveland makes mine look like shit!

 

The walls are NOT COMPLETE thats is the first process of this venetian wash thing.  Once complete it will look more "taupe" or "walnut" color.  the cabinets on the left will also get a wash, so to give them a matted look.

 

Lastly, when your gay, (yes i know I'm stereotyping :-P) don't have kids, live in an ubber trendy neighborhood like TriBeCa and have plenty of ca$h....you can buy all the white furniture you want!

^And I can have the urge to tote around a full glass of red wine while tipsy! :evil:

 

OK Betty Ford! LOL

That's a pretty cool loft for NYC.  To have that kind of space right in Manhattan and also have your own roof access would be sweet!  The size looks perfect to me.  Not too big, not too small.  But considering my pathetic pay, the price certainy sucks, lol. ;)

  • 8 months later...

Bloody Hell!!! I remember this thread.

This is a perfect example on NYC being its own country.  Housing has gone down accross the country, yet in New York, prices get higher and higher and the sizes of the units are smaller and smaller.

 

 

What makes NYC the exception? I didn't think their economy was growing very fast. Im intrigued by how that is even possible.

^Lots of things. No overbuilding of product (the city's housing market is completely dysfuntional and cannot create nearly enough units to meet demand), fewer speculative purchases (most multifam units are coops and generally can't be leased by speculators to tenants) and continued good times for wallstreet, law firms and other big earners.  Plus all the international money pouring in.  Market rents are also artificially high because such a big chunk of rental units are controlled or regulated and essentially not part of the housing market. 

Honestly, for NYC, that's really not that bad.  I've been doing a lot of research into buying because my roommate/best friend is looking to buy and I would just rent from him.  The place seems to be in good shape besides obvious touch ups (ie - new coat of clear coat on the wood floors, washing the walls/maybe new paint.

 

As long as the hardware/plumbing is solid/up to code it's not bad.  The problem you run into with these types of units is needing new pluming/electrical which can be a hassle.

 

Plus I love the ceiling, and the skylight is awesome.

^This thread is a little over a year old. That loft is probably worth way more by now lol.

Hell it seems like if you paint the bathroom in NYC you add $10,000 to the value in a month.

So I take it TIF funds aren't very common in NYC? Or atleast in Manhattan?

So I take it TIF funds aren't very common in NYC? Or atleast in Manhattan?

 

They may not need them.  Developers may be more willing to build stuff in NYC or Manhattan.

i see this thread got revived. funny timing we just went out to dinner w/ these folks sat night (we didnt go to the apt tho).

 

news is they have already paid the architect $20k and are still talking w/ the busy contractors. nothing has started yet. they'll have to be out of there for 6-8 months when work starts (in a couple months).

 

whoever above said its worth more now than a yr ago hellz yeah!!! prob double. real estate is blood sport in tribeca especially. it has surpassed the upper east side in terms of expensive apts.

 

Are you sure?  I thought Tribeca surpassed the UES in terms of price of new builds/conversions not the average price of total units in the neighborhood.

 

I'm pretty sure the UES is still NYC most expensive neighborhood.

no i think it is average price. the most expensive zip code in manhattan is 10013 aka tribeca.

 

of course it probably leads due to lack of mixed income and pj's, the diversity of which brings down most urban neighborhoods from silly lists like that (mansion suburbs top them).

 

http://www.forbes.com/2005/04/26/cx_sc_0426home.html

that was the 1st thing that came up on google but i see it's still tops. even more so if anything!

well atleast we can say its cheaper than living in the Kensington Palace area of London!  1.9 million won't get you much there!

^ it might in pounds not dollars!

 

hang on you're gonna get your london kensington palace neighborhoods and more eventually when i get the pics hosted.

It is pretty crazy that there are 50 zip codes in the U.S. where median sales prices are $1.3 million! For an extra off-topic hoot, check out Nantucket, Mass. (#39, I think?) ... they show a TINY (and I do mean TINY) bungalow on the market for $975,000.

^ it might in pounds not dollars!

 

hang on you're gonna get your london kensington palace neighborhoods and more eventually when i get the pics hosted.

 

I think the cheapest home in that area go for double digits.  so if you'v got an extra £ 10 million.  Go for it.

  • 2 weeks later...

from the entry looking into the "grand salon"

ReggieApartment.jpg

 

This is the are looking toward the bedrooms.

ReggieApartment2.jpg

 

Is this R.D.s apartment??  Well alrighty then!

Honestly, for NYC, that's really not that bad.  I've been doing a lot of research into buying because my roommate/best friend is looking to buy and I would just rent from him.  The place seems to be in good shape besides obvious touch ups (ie - new coat of clear coat on the wood floors, washing the walls/maybe new paint.

 

As long as the hardware/plumbing is solid/up to code it's not bad.  The problem you run into with these types of units is needing new pluming/electrical which can be a hassle.

 

Plus I love the ceiling, and the skylight is awesome.

This is the funniest thing I've read on Urbanohio in weeks.  The real estate market in NYC is not that bad!  Too funny!

I went for a run this morning in my area and I saw this listing.  www.2068fifthavenuecondominiums.com 

 

looking at the website I don't think these are $1M + condos.  This is near 127/Fifth avenue.  There is also a rehab going on in a former church that will result in 40 luxury condos.

 

I'm so glad I bought way back in the day.  People thought I was crazy for buying up here, but I'm having the last laugh.

I'm not impressed!    Yes that's R's loft.

  • 1 year later...

thread revival!

the place is mostly renovated now and they recently moved back in.

were were over there for a family event so i poked around with the camera.

 

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the middle stairway goes up to the roof

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from the rooftop

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the neighbor's deck in the building next door

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* stay tuned -- they are waiting on a roofdeck and copper siding on the bulkheads *

 

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That's a nice place. It looks cozy.

that tub is fabulous!

Rub-a-dub-dub.

Great transformation...much more character!

 

I took a few minutes to re-read this entire thread and it's sadly prophetic.  KJP post on the first page (reply #26) take the cake, but all of the posters towards the bottom of page 1 and top of page 2 were certainly intelligent enough to see what was coming, back in the summer of 2006.

I sincerely hope their house is still worth as much as they've invested in it.....

I sincerely hope their house is still worth as much as they've invested in it.....

 

I would say they are holding steady.  My best friend lives down there and he and his partner house has appreciated.  They ahve noticed that sales are very slow, homes are on the market long and that people who need to see immediately are reducing prices by 50-100k

MUCH MUCH MUCH MUCH MUCH MUCH BETTER!!!  I actually like it now.  The dirty room you posted on page 1 made me want to vomit. 

 

Also, thank you for bumping this thread.  I agree with brtshrcegr, the first page is fascinating...especially KJP with post #26.

 

 

^ oh i definately agree. the loft in there when they bought it was the original "classic diy downtown loft" from the 70's. it only had that one previous owner, who lived there the whole time. no chance they were ever going to leave it like that!

 

btw originally (ironically!) the building was built as a caviar warehouse.

 

oh one more thing --- re the comments about them buying high and the value perhaps dropping due to the economy, luckily it is a non-issue. they aren't going anywhere, especially after all this work....at least for a long while!

 

^ oh i definately agree. the loft in there when they bought it was the original "classic diy downtown loft" from the 70's. it only had that one previous owner, who lived there the whole time. no chance they were ever going to leave it like that!

 

btw originally (ironically!) the building was built as a caviar warehouse.

 

oh one more thing --- re the comments about them buying high and the value perhaps dropping due to the economy, luckily it is a non-issue. they aren't going anywhere, especially after all this work....at least for a long while!

 

Hell, in NYC you can't afford too!

  • 7 months later...

Well I went apartment shopping today, there are some bargains to be had, but boy did I come down with a severe case of sticker shock.  :weird:

Well I went apartment shopping today, there are some bargains to be had, but boy did I come down with a severe case of sticker shock. :weird:

 

You need ANOTHER place?

I can't think of another experience that's as spirit-crushing as looking for an apartment in NYC. Last time I looked for a place, I had a list of modest requirements: Must be a one-seat subway ride to work, must have a view of something other than a brick wall, but be at least a one-bedroom, must have a dishwasher, etc. After about a week of looking at what's available in my price range, I found myself thinking, "Well, that one apartment in the South Bronx had a headless body in the bathtub, but at least it's only an hour from the office..."

 

And as for this whole apartment brokerage business that seems unique to NYC, I'm convinced that most apartment brokers got into that line of work because they were too stupid and/or too sleazy to hack it as used car salesmen. A real estate agent trying to charge the prospective tenant a finder's fee for rental property in any other city would be laughed out of town.

 

Yeah, I'm burned-out with NYC... If I didn't have a good job here, no apartment would be cheap enough to make me want to stick around.

Well I went apartment shopping today, there are some bargains to be had, but boy did I come down with a severe case of sticker shock.  :weird:

 

You need ANOTHER place?

 

I'm doing some calculations.  I might - the chances are slim - sell the brownstone and move into a condo.  However, I've only seen two units that has enough space for all my stuff as I want/need a full floor.

 

I don't want to live in anything new, with an "open" concept or downtown.  The one unit I did see, was waaaaaaaaaaaaaaay out of my price range but the location was perfect for me.  It was around the corner from Barney's.

 

Moreland Courts has spoiled me.  When I get home, I don't want to do any work. I want someone else to do it.  Every night, for the past month, I've swept leaves off the steps and garden.  I'm annoyed with that chore/task.  Not to mention, winter and snow isn't here yet and I definitely do not want shovel snow.

Well I went apartment shopping today, there are some bargains to be had, but boy did I come down with a severe case of sticker shock.  :weird:

stop looking only in Carnegie Hill! There are other neighborhoods!! lol

Well I went apartment shopping today, there are some bargains to be had, but boy did I come down with a severe case of sticker shock.  :weird:

stop looking only in Carnegie Hill! There are other neighborhoods!! lol

 

I dont like:

  • Financial District, to desolate
  • ChinaTown & Tribeca, although my best friend is trying his best to get me to buy there, I just don't want to live down there
  • SoHo, NoLita too many damn tourist and hipster wannabe's
  • East Village, for christsakes, all those weirdo's who lie about coffee refills and other shenanigan and skinny ass chain smoking bad trendsters live down there
  • Chelsea, too many Queens
  • West Village too many strollers
  • UWS/Clinton/Hell's Kitchen, too close to work and too many Queens

So that doesn't leave much to chose from.  The people who live above teh apartment my bestfriend owns, are moving and its a beautiful unit, but I really don't want to live on the UES. 

 

 

Well I went apartment shopping today, there are some bargains to be had, but boy did I come down with a severe case of sticker shock.  :weird:

stop looking only in Carnegie Hill! There are other neighborhoods!! lol

 

I dont like:

  • Financial District, to desolate
  • ChinaTown & Tribeca, although my best friend is trying his best to get me to buy there, I just don't want to live down there
  • SoHo, NoLita too many damn tourist and hipster wannabe's
  • East Village, for christsakes, all those weirdo's who lie about coffee refills and other shenanigan and skinny ass chain smoking bad trendsters live down there
  • Chelsea, too many Queens
  • West Village too many strollers
  • UWS/Clinton/Hell's Kitchen, too close to work and too many Queens

So that doesn't leave much to chose from.  The people who live above teh apartment my bestfriend owns, are moving and its a beautiful unit, but I really don't want to live on the UES. 

 

 

how about Kips Bay or Murray Hill or that newly-revived area called Rose Hill (at least that what real estate brokers insist on calling it now!)--I think it's on the east side in the high-20's? The area is kind of bland and quiet except for those obnoxious yuppie-wannabe bars on 3rd ave.

Well I went apartment shopping today, there are some bargains to be had, but boy did I come down with a severe case of sticker shock.  :weird:

stop looking only in Carnegie Hill! There are other neighborhoods!! lol

 

I dont like: 

  • Financial District, to desolate
  • ChinaTown & Tribeca, although my best friend is trying his best to get me to buy there, I just don't want to live down there
  • SoHo, NoLita too many damn tourist and hipster wannabe's
  • East Village, for christsakes, all those weirdo's who lie about coffee refills and other shenanigan and skinny ass chain smoking bad trendsters live down there
  • Chelsea, too many Queens
  • West Village too many strollers
  • UWS/Clinton/Hell's Kitchen, too close to work and too many Queens

So that doesn't leave much to chose from.  The people who live above teh apartment my bestfriend owns, are moving and its a beautiful unit, but I really don't want to live on the UES. 

 

 

how about Kips Bay or Murray Hill or that newly-revived area called Rose Hill (at least that what real estate brokers insist on calling it now!)--I think it's on the east side in the high-20's? The area is kind of bland and quiet except for those obnoxious yuppie-wannabe bars on 3rd ave.

 

I like Gramercy Park and that would be good if my nephew decides to go to NYU although staying put would benefit if he decides to go to Columbia.

 

But as a crunch the numbers, it's just easier to employee a butler. 

 

There is just so much "new" glass walled, open concept units out there. 

Just do what I do, and live in Queens  :wink:

 

It was a 10 minute ride on the 7 train to midtown.  I could park my car on the street, met lots of friendly neighbors.  Of the 3 different places I've lived around NYC, Queens has been my favorite.  Either Astoria, Sunnyside, or even Woodside.  It's a little bit blue collar/no collar though... 

 

I like Gramercy Park and that would be good if my nephew decides to go to NYU although staying put would benefit if he decides to go to Columbia.

 

But as a crunch the numbers, it's just easier to employee a butler. 

 

There is just so much "new" glass walled, open concept units out there. 

 

Maybe you should hold off on the new house and instead, spend that money on an English/composition tutor.

 

 

 

I like Gramercy Park and that would be good if my nephew decides to go to NYU although staying put would benefit if he decides to go to Columbia.

 

But as a crunch the numbers, it's just easier to employee a butler. 

 

There is just so much "new" glass walled, open concept units out there. 

 

Maybe you should hold off on the new house and instead, spend that money on an English/composition tutor.

 

I_Hate_You_ashx.jpg

 

I was doing three things at once, typing with a broken hand isn't easy.

MTS, despite all the irritating behaviors and attitudes you've picked up in NYC, you sure make me laugh with all those funny graphic responses you come up with!

 

Whereinthehelldoyoufindthem??

"In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck

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