Author Topic: Washington Plaza  (Read 128066 times)

Offline Shelby2

  • Global Moderator
  • Mayor
  • *****
  • Posts: 4962
Re: Washington Plaza
« Reply #90 on: April 25, 2016, 10:35:14 AM »
I don't have the answer about the gym, but I do have friends (renters) at the Continental Park complex at 87-10 51st Ave, which is the one this same realty place marketed in Elmhurst.  My friends rent from one of the shareholders.  They do have access to the brand new gym in their building.  Whether that is any indication or not that renters would have access to the gym at Washington Plaza is anyone's guess  :)

Offline abcdefghijk

  • Mayor
  • *******
  • Posts: 934
Re: Washington Plaza
« Reply #91 on: April 25, 2016, 11:36:23 AM »
Looking around.

The median price for 1 bedrooms in Brooklyn is $612K now.
The median price for 1 bedrooms in Manhattan is I believe approx $750K

These Washington Plaza apartments look like an absolute bargain compared to that.

And truth is that folks are well aware of these price discrepancies...

Jackson Heights doesn't exist in a vacuum... We are simply part of greater New York City trends.




Offline eddie

  • Activist
  • *****
  • Posts: 236
Re: Washington Plaza
« Reply #92 on: April 25, 2016, 12:09:06 PM »
Looking around.

The median price for 1 bedrooms in Brooklyn is $612K now.
The median price for 1 bedrooms in Manhattan is I believe approx $750K

These Washington Plaza apartments look like an absolute bargain compared to that.

And truth is that folks are well aware of these price discrepancies...

Jackson Heights doesn't exist in a vacuum... We are simply part of greater New York City trends.

agreed. And for those looking to move into a renovated move in ready apartment, the options are limited even more. The prices are high sure, but like you say that's NYC pretty much everywhere now. In comparison to the rest of NYC, they should be able to get asking or close to it.

Offline Lilybell

  • Mayor
  • *******
  • Posts: 1220
Re: Washington Plaza
« Reply #93 on: April 25, 2016, 01:08:08 PM »
Quote
The median price for 1 bedrooms in Brooklyn is $612K now.
The median price for 1 bedrooms in Manhattan is I believe approx $750K


The prices for Washington Plaza are more in line with the Historic District but without parking or gardens. But I really don't think they are expecting to get the prices they are asking.

If anyone sees the model, please come here to report what it looks like! I don't think they are showing the apartments until after May 1.  At least the listing no longer says "private garden" - now it says "landscaped courtyard".  They forgot to add:  "no benches will be provided for your enjoyment" 

 
« Last Edit: April 25, 2016, 01:13:13 PM by Lilybell »

Offline eddie

  • Activist
  • *****
  • Posts: 236
Re: Washington Plaza
« Reply #94 on: April 25, 2016, 01:16:46 PM »
Quote
The median price for 1 bedrooms in Brooklyn is $612K now.
The median price for 1 bedrooms in Manhattan is I believe approx $750K


The prices for Washington Plaza are more in line with the Historic District but without parking or gardens. But I really don't think they are expecting to get the prices they are asking.

If anyone sees the model, please come here to report what it looks like! I don't think they are showing the apartments until after May 1.  At least the listing no longer says "private garden" - now it says "landscaped courtyard".  They forgot to add:  "no benches will be provided for your enjoyment"

that may be so but I think there is a buyer pool out there that would pay a premium over HD prices to move into a brand new reno'ed apt and building as well.

Offline mgrave22

  • Resident
  • ***
  • Posts: 46
Re: Washington Plaza
« Reply #95 on: April 25, 2016, 09:57:29 PM »
We were part of the first group of showings. They are beautifully done. Kitchen and bathrooms are high end and all white subway tile. They kept the pre war arch details and built ins.

Offline Simka

  • Council Member
  • ******
  • Posts: 382
Re: Washington Plaza
« Reply #96 on: April 25, 2016, 10:54:49 PM »
We were part of the first group of showings. They are beautifully done. Kitchen and bathrooms are high end and all white subway tile. They kept the pre war arch details and built ins.
I'm really glad to hear they kept the arches and built-ins (meaning the niche shelves?) in the apartments you saw. I heard from someone who'd seen the inside of an apartment being renovated that some interior walls had been removed to create an "open floor plan," and none of the renderings showed the arches, so it seemed like they were going for a more modern look.

P.S. They're doing the showings in groups?

Offline Simka

  • Council Member
  • ******
  • Posts: 382
Re: Washington Plaza
« Reply #97 on: April 25, 2016, 11:27:59 PM »
Quote
The median price for 1 bedrooms in Brooklyn is $612K now.
The median price for 1 bedrooms in Manhattan is I believe approx $750K


The prices for Washington Plaza are more in line with the Historic District but without parking or gardens. But I really don't think they are expecting to get the prices they are asking.

If anyone sees the model, please come here to report what it looks like! I don't think they are showing the apartments until after May 1.  At least the listing no longer says "private garden" - now it says "landscaped courtyard".  They forgot to add:  "no benches will be provided for your enjoyment"
Ha! Who knows--maybe after they add in that big locked gate at the front, they'll put in some benches.  ;D

I agree, the prices seem more in line with Historic District prices. And I wonder how many people would actually compare the asking prices in one coop conversion in Queens (or anywhere else) to the median prices in Manhattan and Brooklyn. When I've looked at apartments, I've never compared median prices for entire boroughs; I've compared prices in specific neighborhoods. Using median prices of any kind also disregards a lot of mitigating variables, such as the desirability of the neighborhood, whether a building is an established coop/condo or a conversion or new construction, what the maintenance charges are, etc. I might look at Jackson Heights because the prices are lower than neighborhoods I've checked out in other parts of the city. But then, once I started looking here, I'd compare the prices to other apartments here.

We can debate whether the apartments are priced too high, but ultimately that will be answered by whether the sponsor gets those prices. It will be interesting to see.

Offline CaptainFlannel

  • Mayor
  • *******
  • Posts: 917
Re: Washington Plaza
« Reply #98 on: April 26, 2016, 11:27:01 AM »
My question would be what are people being shown and what is being sold? If there's a sales office, with one renovated apartment being used as model apartment, I'm just not seeing the issue. It's tantamount to a model apartment with great views complete with all the upgrades for a new build, and you'd be pretty silly to complain that the building hasn't been built yet so what you're seeing doesn't meet reality because you can't afford the upgrades to quarts or high end appliances. And if the renderings show amenities that are coming...so? I've known people who buy in to a new build and have to wait for everything to be completed. That's not an unusual set of circumstances. I'm just not seeing the issue.

What am I missing?

Offline CaptainFlannel

  • Mayor
  • *******
  • Posts: 917
Re: Washington Plaza
« Reply #99 on: April 26, 2016, 11:51:20 AM »
My question would be what are people being shown and what is being sold? If there's a sales office, with one renovated apartment being used as model apartment, I'm just not seeing the issue. It's tantamount to a model apartment with great views complete with all the upgrades for a new build, and you'd be pretty silly to complain that the building hasn't been built yet so what you're seeing doesn't meet reality because you can't afford the upgrades to quarts or high end appliances. And if the renderings show amenities that are coming...so? I've known people who buy in to a new build and have to wait for everything to be completed. That's not an unusual set of circumstances. I'm just not seeing the issue.

What am I missing?

Offline Lilybell

  • Mayor
  • *******
  • Posts: 1220
Re: Washington Plaza
« Reply #100 on: April 26, 2016, 01:28:25 PM »
Quote
If there's a sales office, with one renovated apartment being used as model apartment, I'm just not seeing the issue.
There is no issue; we are simply discussing it because it affects us.

Simka, there are two renos on my floor and I sometimes go in to see what's happening - in one of the apartments, they turned the open dining area into a small room with a closet - maybe they will market it as a 2-bedroom. I can't remember if the kitchen was open to the dining area or if they added the wall (I think they added it). 

I think they might have turned the big studio on my floor into a one-bedroom but I'm not positive.  They just put in the new floors and they look nice - too dark for my tastes but I know that's what's "in" now.  The bathtub is 5 inches deeper than the one I have (I went and measured because I am obsessed with renovating my bathroom).

Offline CaptainFlannel

  • Mayor
  • *******
  • Posts: 917
Re: Washington Plaza
« Reply #101 on: April 26, 2016, 04:33:48 PM »
When there's a mention of a wide difference between how something is being sold, and the reality people will encounter, that sure sounds like someone having an issue with something.

Offline mgrave22

  • Resident
  • ***
  • Posts: 46
Re: Washington Plaza
« Reply #102 on: April 26, 2016, 04:34:15 PM »
We were part of the first group of showings. They are beautifully done. Kitchen and bathrooms are high end and all white subway tile. They kept the pre war arch details and built ins.
I'm really glad to hear they kept the arches and built-ins (meaning the niche shelves?) in the apartments you saw. I heard from someone who'd seen the inside of an apartment being renovated that some interior walls had been removed to create an "open floor plan," and none of the renderings showed the arches, so it seemed like they were going for a more modern look.

P.S. They're doing the showings in groups?

We saw about 4-5 renovated apts in the building. Yes, i was referring to built-in shelves. We saw both 1 and 2 bedrooms and they did knock some walls down between kitchen and dining rooms but it's very well done in my opinion. All we did was input our email/phone number on the website and we got a call back and scheduled a time to see them. I suggest you do the same, if anything it's just fun!

Offline Simka

  • Council Member
  • ******
  • Posts: 382
Re: Washington Plaza
« Reply #103 on: April 27, 2016, 10:24:32 AM »
When there's a mention of a wide difference between how something is being sold, and the reality people will encounter, that sure sounds like someone having an issue with something.

As I've said before, I simply find it ridiculous. Of course people who come to the building will see the reality. As I stated before, I'm not saying anyone's being defrauded. It's just that personally (emphasize that "personally"), I wouldn't cotton to that kind of thing as a potential buyer--I'd rather see something closer to reality. Have you been inside the buildings at Washington Plaza? Nothing here, except the garden with its fountains, bears a fraction of a resemblance to the slick renderings. So as a potential buyer, if I saw the renderings and then saw the reality, I would be a little suspicious--like, "Is this place ever really going to look like they say it will?"--but also I would just feel turned off because the fantasy they're presenting isn't even the kind of place I'd want to live.

It's been said here that fantasy renderings are done all the time. Well, not necessarily. They're done all the time for new construction. For buildings that already exist, and are converting, I don't know. Maybe it's done, but I haven't seen it. I have seen buildings with pictures of newly renovated empty apartments. And personally, I'd rather see that.

So, bottom line, it's not just that they're showing slick renderings that are far from the reality that surrounds me and others living here. It's also that because of my own turned-off reaction to them, it's hard for me to imagine them appealing to other people. Certainly my friends have reacted similarly, so I've gotten some support. :D  But hey, we don't like slick. We don't like seeing fake views out of windows. I'm not saying there aren't people who do.

Offline jeanette

  • Mayor
  • *******
  • Posts: 998
Re: Washington Plaza
« Reply #104 on: April 27, 2016, 11:02:05 AM »
Simka, you are too kind. You owe no one any justification whatsoever for discussing with your neighbors this life changing, neighborhood altering event.

Carry on, friends.

Jackson Heights Life

Re: Washington Plaza
« Reply #104 on: April 27, 2016, 11:02:05 AM »