DISQUS

A VC: NYC Real Estate - A Different World

  • ceonyc · 1 year ago
    How on earth did they put a women's prison right on the west side highway? Isn't that unnecessarily expensive real estate? Can't they build next to the Great Kill's Landfill or by Floyd Bennet Field for much cheaper?
  • fredwilson · 1 year ago
    it was the seaman's home until the mid 1970s. the wikipedia entry i linked to has some basic history but it could use some work.
  • lazerow · 1 year ago
    The only difference between this apartment building and every other one in NYC is that the felons who live next door have been caught and locked up. I'd argue you're safer living next to a prison. You'll have plenty of guards around.
  • gsmaverick · 1 year ago
    Lol, good point!
  • fredwilson · 1 year ago
    mike - you crack me up and speak the truth
  • howardlindzon · 1 year ago
    I am surprised the french architecht and developers have not sold building sponsorships to pfizer, Bristol and Lily


    The zoloft Lofts, the halcion homes, etc....


    maybe they will
  • sdelmont · 1 year ago
    Take a look at StreetEasy:

    http://www.streeteasy.com/nyc/building/100-11-a...

    Your estimate was in the right ballpark: "7 for sale at $2,740,000 - $4,085,000"
  • sdelmont · 1 year ago
    And a penthouse was listed (and probably sold) at $24M --> http://www.streeteasy.com/nyc/sale/187547-condo...
  • fredwilson · 1 year ago
    I love streeteasy

    Great comment

    thanks
  • fatbear · 1 year ago
    Not to forget "the curse of the covered artist" - that's a Knox Martin mural in your photo, a very good one, perhaps his best, of long standing (38 years) as a work of public art - more will be heard....

    And as to why a prison on the West Side Highway - when shipping moved to Port Newark/Port Elizabeth, and the far West Side (esp lower down) turned into a cesspool, the tenant of last resort stepped in - not to forget that the whole area was under a sentence of destruction (any of you old enough to remember the below grade West Side Highway project?) which was not lifted for a decade or so - in fact, this was before Tribeca even existed, and the WTC was even up yet - ancient history
  • fredwilson · 1 year ago
    Fortunately that mural is not going to be completely lost

    About half of it will be still be viewable when the bldg is complete
  • dean collins · 1 year ago
    How many prison's around the world have park views like this :)

    http://deancollinsblog.blogspot.com/2008/03/cen... (and it's a long term prison not a holding facility).

    Of course you could alway go condo like they did at Marcus Garvey Park http://curbed.com/archives/2006/05/22/exprison_... (BTW my apartment looks onto this building across the park - the top floor must have spectacular views and light).

    Cheers,
    Dean Collins
  • jonsteinberg · 1 year ago
    My father is a real estate broker in Manhattan. Says the building has car elevators and is almost sold out.
  • fredwilson · 1 year ago
    That's a different building I think.

    The one with car elevators is on 11th ave and 24th street I think
  • JL_Healogica · 1 year ago
    Hi Fred - WSJ recently wrote a piece on this building - http://online.wsj.com/article/SB121919449148255.... The article notes that they are overbudget, behind schedule, and may be forced to refinance the project. Seems like the units overlooking the prison are a tough sell. Cool looking building anyway and I'm sure the IAC views on the other side of the building are pretty nice.
  • Carrie · 1 year ago
    I love how the artist rendering applys a lovely shimmer to the prison. Quite a difference from reality.
  • Carrie · 1 year ago
    I love how the artist rendering applys a lovely shimmer to the prison. Quite a difference from reality.
  • Fred · 1 year ago
    I'm going to miss the Knox Martin mural!
  • fredwilson · 1 year ago
    Yes, but at least it won't be covered completely