More Tales of Luxury Condos from LIC

1.

We promise not to call anyone a "purve" or "perve" if they move in there.

We are nice, come see.

Jake

2.

Any word on when this building is expected to be complete?

3.

Hmm. I guess my friend from Astoria was right. LIC isn't a ghetto, he proclaimed, after the temporary MoMa was there.

4.

They just had the Grand Opening party on Sunday so that means it will be ready "very" soon. :)

Jake

5.

Jake - How long do you think it will take? They are saying that it could get completed by Jan 2007. I doubt it could happen that quickly.

6.

I don't know when, but that sounds reasonable if they are going now. Since they are advertising it and getting ready for sales, my guess is it will be ready sooner than later.

As always, info will flow to here or that other Queens website. :)

Jake

7.

Looks like they're moving quickly on it..I'd say Jan/Feb. of 2007 sounds about right.

Check queenswest.com for a recent picture that I'll post tonight (4/4).

Just so you know, right behind this building is either the exit/entrance ramp to the Queensboro Bridge!

Interesting location to say the least.

---kyle

8.

There you go again "kyle" proving that you and I only post here when it is about LIC.

:)

I will check out this website you mention.

Jake

9.

I really have high hopes for LIC, if i wasn't 23 and only making only 35k a year i would pick up one of these studio's.

10.

If this is true then this is insane!! http://www.realgotham.com/?p=20

11.

re: #10

And I wonder...how many of those apartments will be back on the market within a year or so?

12.

http://www.realgotham.com

It really seems to be hawking Sunshine Group developments.

Something stinks in Denmark (or is it LIC?).

Although disclosed on the about page, this website is semi-deceptive.

This is not a objective blog, but a site run by a Corcoran broker (Corcoran is related to Sunshine Group, they share the same "new developments" page on the corcoran site)

http://corcoran.com/property/nd/newdev.aspx

This is really disturbing for the blog community.

13.

#5 The broker just said that it will be ready for occupancy in mid to late 2007.

Interesting about "realgotham.com"... hey, the internet is a scary place. Readers beware.

Jake

14.

Re: "realgotham.com"

Amanda Young is cute!

15.

It has come to our attention that we have become the focus of this comment section. We are an objective blog, in no way a mouth piece of the NRT machine. The re-sale division of Corcoran, of which we are a part, and the Corcoran/Sunshine Marketing division, of which we are not employees, are completely separate entities, and as we will not getting paid on the sale of any of the buildings, in no way do we benefit from promoting these developments. On the contrary, we are well connected in this sector and thought it would be of interest to readers following the Manhattan real estate space to have a consistent information source for this portion of the marketplace. As we are a young blog it might seem that new development, specifically Sunshine Group projects, are our main focus, but we hope to show you in the weeks and months to come that we are much more diverse than we might at first seem. Check us out at realgotham.com~!

-The Real Gotham Team

16.

Ha ha ha ha.

That was funny, r15.

17.

it is almost impossible to talk about new development and not talk about corcoran or sunshine. That is unless you are talking about new development in tulsa.

all the best to real gotham. And by the way to those of think blogs are sacred ground for internet honesty and objective discourse, you really need to reset your expectations. Blogs represent opinion and agenda like every other media outlet on the planet. There is only one true way to find honesty and objectivity.....and you can find a lot of it at your local bar.

18.

i went and it's hole in the ground. they say 18 months... yeah right. fuggin zoo. good luck with that mortgage rate suckas!

19.

16, I suppose in your deep mortgage wisdom you have never seen a forward rate lock?

20.

And #17 I'm sure that you're aware of how expensive and unpractical it is to have a forward rate lock further than three months ahead?

21.

#20 forward rate locks on a 12 month pre buy usually cost about 1 point which is then credited to the loan. The reason this is done is because the mortgage bank buys the money for your loan at the current rate. Net net it doesnt cost you anything. At least this how power express, wells fargo and citibank all originate this type of loan