According to the listing, this five-unit condoplex features residences with "a gorgeous jumbo reclaimed-brick facade, floor-to-ceiling casement windows, intelligently curated custom design elements, and steel balconies reminiscent of the neighboring steel pre-war fire escapes."
No. 650 is the second residential reveal along here this summer... joining the all-new 699 E. Sixth St. on the NE corner of Avenue C.
Streeteasy shows two available units — one for $1.995 million and another for $3.25 million. Two other homes are in contract in the mid $2.5-million range.
The four-story apartment building that previously stood here was demolished in early 2018... two years after the condoplex plans were initially revealed.
26 comments:
"a gorgeous jumbo reclaimed-brick facade, floor-to-ceiling casement windows, intelligently curated custom design elements, and steel balconies reminiscent of the neighboring steel pre-war fire escapes."
......The tripe they espouse when trying to hawk these buildings is unbelievable. What they succinctly don't mention is that this location is in a transportation desert; and you'll either be walking, busing, biking or Ubering to get anywhere. That is unless you happen to own car....... a Tesla perhaps?
@8:34- Huh? Doubt very much people need to be told this is a "transportation desert." This could very well be some investment banker's weekend hang. In any event someone who can cough up $3mil can afford a private car service any day of the week.
I actually like this. It's modern, sleek and minimal. I live on C and 7th, and wouldn't mind moving into that building. I am sure others will come after me in the comments, but who cares.
$3M for fake fire escapes. Sure, Jan.
Having lived in the East Village for a very long time, I find this "reveal" and its broker-babble to be beyond funny. They basically tore down an old tenement building to put up a condo-tenement building? I can hear my parents' generation laughing from the great beyond at the idiocy of it all.
Plus, who'd want to be known as the mook who was clueless enough to pay $2 to $3.25 MILLION to live at that address? Fools and their money soon parted! If you'd told MY generation this back in the 1970's, you'd have been presumed to be using very strong illicit drugs.
Enjoy your "intelligently curated custom design elements" ... whatever that may mean (perhaps not a bathtub in the kitchen, but rather a high-end stall shower?).
For a new building, it definitely fits much, much better than most new builds. The transportation dessert comment is so silly. CitiBikes are everywhere and it's a 10 minute walk to multiple subways. It's not like it's 30 minutes extra to go places.
@9:30am: This could very well be some investment banker's weekend hang." LOL, only a very coked-up investment banker!! Ultimate bro-land 'hang', LOL! Dealers happy to deliver to such a nice new building.
And as for that being a transportation desert, hey: it is what it is. You sure wouldn't park your Tesla (or any car) on the street, b/c it would be gone or missing a lot of parts by morning.
@9:33am: Hey, you got spare $2 million under your sofa cushions? Go ahead and enjoy! Then you, too, can worry about any eventual real estate tax increases on your shiny new home, b/c condo owners are paying RE taxes directly every month.
Guess 10:08am doesn't actually live anywhere near the East Village since they think cars are getting stripped parked on the street. The number of $50k+ car parked on streets throughout Alphabet City on a regular basis is staggering.
4 huge apartments replacing how many?
"Plus, who'd want to be known as the mook who was clueless enough to pay $2 to $3.25 MILLION to live at that address?"
Probably the mook who sells it in a few years for 5 million!
PS please do not use fake fire escapes in case of a real fire or you will be dead.
2.5 million to live at 6th and C? Hahaha
@3:05pm: Hey, I've lived here forever and used to own a car, which is how I know that cars get stolen and stripped v. quick.
If you think the sight of fancy cars in that area is some sign of lack-of-crime, you are delusional, b/c who do you think OWNS those cars? Yeah, drug dealers, that's who! Do you watch out your window as these super-cars are parked safely, untouched by anyone, all night? I live on a way better block than that one, and they're stealing parts off cars parked here.
@3:59: Oh sure, there's an endless supply of mooks with $5 million who WANT to live there, right? It's not like there are any layoffs among tech companies, banks or crypto companies; the bro-economy is going super-strong. And where else would these geniuses park their ill-gotten gains than on 6th & C? Convenient for drug deliveries!
You are delusional, @7:47. Do some research about the apartments throughout Alphabet City. Nice cars throughout the neighborhood are definitively not just drug dealers.
@10:11- EVERYONE pays RE taxes every month whether you realize it or not. (apparently not) When a landlord collects rent a large chunk goes to guess who? The Tax Collector of NYC. Of course taxes go up. Fact of Life. Also a fact that people form all over the world, not just "Bros", invest in real property in NYC because guess why? It's EXTREMELY PROFITABLE. And that's been the name of the game for the past 200 mother loving years!
I find it hysterically funny that Alphabet City is now so upmarket. Most of these condo buyers wouldn't have made it out of the neighborhood alive back in the 1970/1980's.
@9:07pm: Oh yeah, b/c Ave. C will be wildly profitable - just watch all those foreign investors flock there ASAP, stampeding & fighting each other off so they can buy & then flip those condos for a zillion bucks. They're salivating over how much Avenue C is going to command in ever-increasing leaps of value! $5 million, $7 million, $10 million to live in that building, b/c the sky's the limit, according to you.
Out here in the real world, anyone with that much money (and a lick of sense!) would buy in a much better neighborhood.
I think my really fave part of the description are the words "reclaimed-brick façade"... as in: "hey, we used old bricks over again! Saved so much on that, and we have no idea how the façade will hold up over time, but heck, it won't be our problem"!
And now, excuse me, b/c I'm going to check under my couch cushions to see if I have enough change to buy one of these condos.
10:38- Sounds like you don't understand basic economics. A brand new 2 bedroom at this place is $2mil. Not chump change but not wildly expensive given market valuations. I never said anything about anyone flipping their shits. And it's not my opinion but a fact that historically real estate and the stock market always go up over time. For those of us who are Capitalist Pigs compounding interest is a thing of beauty. As far as pricing goes the landlords and realtors use analytics to make those determinations. Not sure why you're being so obtuse. The EV of the 70s/80s are long dead and buried.
@11:03am: You must hang out with a different crowd, b/c where I am, the free-market rents are going DOWN b/c so many techies and crypto-types have been laid off.
You said "Also a fact that people form all over the world, not just "Bros", invest in real property in NYC because guess why? It's EXTREMELY PROFITABLE. And that's been the name of the game for the past 200 mother loving years!" Your statement IS basically about flipping/re-sale, b/c the assumption is that prices can only go in one direction ("EXTREMELY PROFITABLE"), which is largely true over time, but certainly NOT true of all properties. "Market valuations" are worth exactly the hot air they're written on - generally inflated by the seller. My specific point is that I don't see the people who invest on 57th St. beating a path to Avenue C to "invest" there.
PS: I'm not obtuse at all; I'm quite acute in my knowledge of the RE market b/c I'm an owner & investor myself, and so are a number of my friends in this area. One friend of mine on my block owns 8 buildings in this neck of the woods, so I'm actually very well-informed, regardless of your opinion. And, BTW, that's also how I know that your idea that the EV of the 70s & 80's is "dead and buried" is BS. It's right there, IF you know where to look, which you apparently do not.
Please do tell where the EV of the 70’s and 80’s is, cause I miss it. Is Save the Robots hiding somewhere I can’t see?
@6:39- Exactly, lol.
@3:37- Your implication that the EV of the 70s/80s is alive and well is nonsensical and antithetical to just about every comment ever posted on this site. As a matter of fact I did get a chance to revisit one of my old haunts a few weeks ago, that is , the new art space at the site of CBGBs. The basement is closed to the public but one of the lovely Italian ladies who works there gave me quick tour. I didn't see anyone doing drugs or misbehaving in the bathroom. No one was passed out on the floor. There wasn't a mohawk in site. Music wasn't blasting from above. No Joey, Debbie, or Lou. Save for one 8 X5 ft wall of original graffiti in the far left hand corner it was all gone, gone, gone..........
Aw, you miss CBGB's, how pathetic! If it were still there, you'd be too old to be part of it in any case.
Sorry for those who can't find the "old" EV anywhere, but the implication is that a person had to have been living in clubs and doing drugs to have "been there", which is absolute bullshit.
Plenty of people living in the EV didn't spend the 70's and 80's doing drugs and going clubbing, which is perhaps why some of us CAN recognize the EV of that time where it still is today, b/c we aren't looking for graffiti, or a filthy bathroom as an identifier! As for people those doing drugs, they're still very visible, but maybe you don't get out much.
@1:24 -I don't miss CBGBs at all. I've never romanticized that era in my comments. However the fact remains it represents a historical cultural moment. I was remarking on the transition to what it was then and what it has become now.
" Sorry for those who can't find the "old" EV anywhere, but the implication is that a person had to have been living in clubs and doing drugs to have "been there", which is absolute bullshit"
Never said or implied anything of the sort. You're the one who keeps blabbing about the "old EV" is the new EV which I don't think anyone has a clue as to what exactly you're referring to. I guess you're the one who is stuck in that era and needs to check out some new experiences. Maybe it will help you to untwist your panties.
@XTC: You are remarkably dismissive of others in your comments, so maybe start by getting the twist out of your own panties first. People in the EV are not a monolithic group and never have been. You don't seem to allow for that.
Times change, tastes change, people change. CBGB's, the Electric Circus, Fillmore East, etc. are all distant memories. No one can stop time.
You seem to think your experience of the EV is the only "real" or legit one. I don't care what your experiences were, and you don't care what mine have been; and so it goes!
The EV: it was good, it was bad, it was horrible, it was great, back then, and now, and at every moment along the way.
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