A VC - Latest Comments in NYC Real Estate - A Different World

Re: NYC Real Estate - A Different World

fredwilson — Fri, 28 Nov 2008 19:57:31 -0000

Yes, but at least it won't be covered completely

Re: NYC Real Estate - A Different World

Fred — Fri, 28 Nov 2008 18:02:31 -0000

I'm going to miss the Knox Martin mural!

Re: NYC Real Estate - A Different World

Carrie — Mon, 08 Sep 2008 16:52:23 -0000

I love how the artist rendering applys a lovely shimmer to the prison. Quite a difference from reality.

Re: NYC Real Estate - A Different World

Carrie — Mon, 08 Sep 2008 16:52:21 -0000

I love how the artist rendering applys a lovely shimmer to the prison. Quite a difference from reality.

Re: NYC Real Estate - A Different World

JL_Healogica — Sun, 07 Sep 2008 22:20:14 -0000

Hi Fred - WSJ recently wrote a piece on this building - http://online.wsj.com/artic.... 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.

Re: NYC Real Estate - A Different World

fredwilson — Sun, 07 Sep 2008 20:26:53 -0000

That's a different building I think.

The one with car elevators is on 11th ave and 24th street I think

Re: NYC Real Estate - A Different World

fredwilson — Sun, 07 Sep 2008 20:20:54 -0000

Fortunately that mural is not going to be completely lost

About half of it will be still be viewable when the bldg is complete

Re: NYC Real Estate - A Different World

jonsteinberg — Sun, 07 Sep 2008 12:31:16 -0000

My father is a real estate broker in Manhattan. Says the building has car elevators and is almost sold out.

Re: NYC Real Estate - A Different World

dean collins — Sun, 07 Sep 2008 12:05:25 -0000

How many prison's around the world have park views like this :)

http://deancollinsblog.blog... (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/... (BTW my apartment looks onto this building across the park - the top floor must have spectacular views and light).

Cheers,
Dean Collins

Re: NYC Real Estate - A Different World

fatbear — Sat, 06 Sep 2008 23:54:27 -0000

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

Re: NYC Real Estate - A Different World

fredwilson — Sat, 06 Sep 2008 16:50:10 -0000

I love streeteasy

Great comment

thanks

Re: NYC Real Estate - A Different World

sdelmont — Sat, 06 Sep 2008 13:12:00 -0000

And a penthouse was listed (and probably sold) at $24M --> http://www.streeteasy.com/n...

Re: NYC Real Estate - A Different World

sdelmont — Sat, 06 Sep 2008 13:10:28 -0000

Take a look at StreetEasy:

http://www.streeteasy.com/n...

Your estimate was in the right ballpark: "7 for sale at $2,740,000 - $4,085,000"

Re: NYC Real Estate - A Different World

fredwilson — Sat, 06 Sep 2008 12:36:27 -0000

mike - you crack me up and speak the truth

Re: NYC Real Estate - A Different World

fredwilson — Sat, 06 Sep 2008 12:35:58 -0000

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.

Re: NYC Real Estate - A Different World

howardlindzon — Sat, 06 Sep 2008 12:11:55 -0000

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

Re: NYC Real Estate - A Different World

Gavin Schulz — Sat, 06 Sep 2008 12:09:44 -0000

Lol, good point!

Re: NYC Real Estate - A Different World

lazerow — Sat, 06 Sep 2008 11:32:42 -0000

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.

Re: NYC Real Estate - A Different World

ceonyc — Sat, 06 Sep 2008 11:28:28 -0000

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?