Comments on Downtowny: Downtowny to Sales Agents: You Never Know Who Is A...

Any updates on this building? We live a few blocks...

2009-10-05T10:42:37.129-07:00

Any updates on this building? We live a few blocks away and are curious if people are moving in. The building looks pretty complete from the outside, but does not appear to have any traffic coming in or out.

Hi Graham - very well said.

2009-07-24T07:56:21.054-07:00

Hi Graham - very well said.

This is an interesting report and exactly what you...

2009-07-23T23:56:11.536-07:00

This is an interesting report and exactly what you don't want to hear about your new condo building. If you're looking to buy you can't spend all of your time reading through the rumors though without any concrete data.

Your real estate agent and attorney should be able to help you find something you like that's on solid ground financially. Make sure your attorney performs their due diligence on the building; it's imperative to make sure you know what you're buying into.

Hi Anon - thanks for commenting! So we tried to ma...

2009-07-21T15:50:33.494-07:00

Hi Anon - thanks for commenting! So we tried to make it very clear in the post at every step of the way that this is just an overheard conversation.

Of course, you never know with interpretation. We are therefore very open to hearing from 50 Franklin (who has not contacted us about this post) - if our source just plain got things wrong and 50 Franklin would like to clarify that, we'd be more than happy to update our original post.

sorry that should be: Like they say, Don't always...

2009-07-21T15:03:34.179-07:00

sorry that should be:

Like they say, Don't always believe everything you hear!

Unfortunately, the story is not correct and there ...

2009-07-21T15:02:22.314-07:00

Unfortunately, the story is not correct and there are no plans for the building to go rental. The developer has enough contracts and is waiting for closings. Someone should get the facts straight.
Like the say, son't always believe everything you hear!

Sorry, that should be "hear" up above - long day a...

2009-07-20T16:22:04.377-07:00

Sorry, that should be "hear" up above - long day apparently :)

'sup divvie! You should pop by here more often... ...

2009-07-20T16:21:11.367-07:00

'sup divvie! You should pop by here more often...

Agreed that 50 Franklin has a very classic rental layout (with the exception of the penthouses) and in that area, rental buildings (particularly new ones) are VERY few and far between, so I think it will actually be quite successful as rentals.

Hi Anon - wouldn't that be interesting? It makes y...

2009-07-20T16:19:05.490-07:00

Hi Anon - wouldn't that be interesting? It makes you wonder if Elliman has some sort of 25% sold or so arrangement with the sponsor - I have to say, Elliman isn't doing a bad job with what they've got - the 10% down thing appears to be getting more people in the door and we here that they're paying transfer taxes as well.

Hey DT, divvie here from the SE board. It's like I...

2009-07-20T15:06:50.345-07:00

Hey DT, divvie here from the SE board.
It's like I said, the floorplans are classic ground up rental plans.

Wow, good job Jason Walker and Co.! Does this deem...

2009-07-20T14:13:08.036-07:00

Wow, good job Jason Walker and Co.! Does this deem an out-clause in their contract for the Developer? Corcoran-sunshine, where are you?