be@Schermerhorn Passes 20% Sold Mark
It’s been a productive last couple of months for the new owners at be@schermerhorn, the 246-unit development at 189 Schermerhorn Street. Jamestown Properties took a gamble on the distressed property, buying it from (but keep on as managers) the original developer SDS Procida late last year, and in May relaunched sales at 2010-friendly prices with…
It’s been a productive last couple of months for the new owners at be@schermerhorn, the 246-unit development at 189 Schermerhorn Street. Jamestown Properties took a gamble on the distressed property, buying it from (but keep on as managers) the original developer SDS Procida late last year, and in May relaunched sales at 2010-friendly prices with Corcoran at the helm. And something seems to be working (maybe it’s the ad on Brownstoner!): Since mid-May, 56 units have gone into contract and another 52 contracts are currently out for signature. StreetEasy currently shows 21 units available at prices ranging from $265,950 for a 444-square-foot studio on the ninth floor to $828,750 for a 1,037-square-foot two-bedroom on the 16th floor.
Be@Schermerhorn Starts Back Up [Brownstoner]
Second Life For Be@Schermerhorn [Brownstoner] GMAP
What’s the status of the “townhouse” side of the building on Schermerhorn?
20% sold and another 20% in contract.
I’d say close to 40% in such a short amount of time bodes extremely well.
Toren is approaching the 70% sold mark.
looking at streeteasy figures (if assuming are representative) – says listing average just under $600 sq ft. Which seems ‘reasonable’. Another bldg Brownstoner just posted at 500 4th avenue shows price $700+ sq ft.
This looks more attractive bldg on outside and I would prefer this location to other even with its obvious minuses. (but I live closer to this location for many years).
“I have been walking home from that station since 1996, day an night, through bad times and good” — must be a very long walk if has been going on since 1996.
Just a note from a long-time resident: I have been walking home from that station since 1996, day an night, through bad times and good, and so far I have survived. Seedy-looking guys selling loosies and soliciting for fake job training do not often mug you and might even help if you were in trouble. The location is steadily improving, with a big high-end grocery catty-corners from the intersection.
family status is a protected right under fair housing laws, actually.
And if a landlord doesn’t want . . . (insert race/gender/gender preference/ religion here) is that okay too, rob?
Anyways, regardless — lead remediation is a bitch, and that happened to us more than once with older apartments. Okay, it happened twice. We put in the application, submitted our financials, put down and initial deposit… and somewhere along that process would mention child window guards and bam, suddenly the income requirements doubled, or the apartment “was no longer available.” It’s why we ended up in new construction, and I bet we aren’t the only ones.
They’re not a protected class, they’re just enjoying the same rights as you have. If you don’t like it leave NYC.
quote:
Heather:
A landlord who refused to rent to a tenant with children may very well be violating the fair housing laws.
are you kidding me!? im sorry but if a landlord doesnt want kids (who ruin property and annoy a lot of people) they shouldnt have to rent to a family with kids just they dont have to rent to someone who has pets who also ruin property and annoy a lot of people sometimes!
ugh. having children is not a protected class!
*rob*