Curbed Readers Write: How Much for That High Line in the Window?

1.

wow, lincoln towers: i note the $500K 1b/1b units & the $1M 2b/2b units. okay, coop = shares etc & all that. but usually "spread or margin" is not 100% between 1 b/b and 2 b/b in coops...is it? after all, it's not like you're doubling the floor space too (it's basically a second bedroom & bath, not a second kitchen/living/room/twice the closets, etc.)...

$1M for the 2bedrooms seems like a tough justification when the 1 bedrooms are going for $500K in the real estate model of a "coop" (shares). I bet that coop board is a pain in the ass to owners looking to sell...

2.

simple, it aint a true 1.

3.

There is no mass exodus at Lincoln Towers, with the exception of those people removed in body bags. A lot of the old folks who were the original occupants when they first built are simply dying off. The good news is that they are great buildings are reasonably priced when compared to the new condos that are charging an extra $100k or more for a Sub-Zero refrigerator.

4.

2, what's a true 1, and what ain't a true 1?

5.

On OLR you can do a search by open houses, even specifying those with lunch served. Don't know if this is available by subscription to the lay community. Otherwise, get to know a few brokers, emphasize how interested you are in purchasing new construction and how you'd love to get a sneak peek at upcoming stuff. Shvo's shindig for Bryant Park was good for the booze; his fete for the condo atop hotel has good food but less-stellar booze. Corcoran's dos generally have good both -- the one at the Williamsburgh Bank Building was a blast -- however, it's the after party drinking that's more spectacular here -- those Corcotypes can put it away!

6.

What happened to the self-imposed no event listing rule?

7.

Wow, a party crasher looking for an easier way to crash. Fun.

8.

Went to the Cocoa shindig, desserts and champagne!! I saw the most amazing thing, a chocolate fountain!! Very Willy Wonka! The condos?? Well, I was buzzed on champagne coupled with a sugar rush, don't remember. But boy those CitiHabitats brokers sure know how to party.

9.

there's a website, lincolntowers.com it has floor plans for all the buildings...it will show whats a true 1br and whats not. Also there are different size one brs. Ranges from 500k to 700k

10.

I would not bother with lincolntowers.com - I contacted them repeatedly last year and rec'd no reply to calls, emails, etc. Its better to search for those addresses in the NYT and see all the apts for sale there. Lincoln Towers is so big - there is always turnover. Its a good buy if you like space and want that location. The apts are typically priced below market b/c you have to live with that communist block feeling. I think the 2 and 3 bedrooms often represent significant value. That being said, I didn't buy there b/c the outside kinda freaked us out.

11.

Lincoln Towers has an application with HPD for affordable senior units (on the HPD website somewhere), where they're trying to fill 100+ units. I would guess that #3 is right on. My friend lives in LT and hasn't even noticed.