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Manhattan office towers cheaper than Jupiter Island Florida McMansions.
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Date: June 15th, 2024 3:02 AM Author: ..;.;:.;.;..:..;,;,;. In April, a little-known firm, Yellowstone Real Estate Investments, paid $185 million for 1740 Broadway, a storied office tower near Columbus Circle in Manhattan. The investment giant Blackstone had paid $600 million for the building a decade earlier. And this week, two real estate firms snapped up a Midtown Manhattan tower for less than $50 million, according to Bloomberg. https://www.nytimes.com/2024/06/12/business/distressed-office-buildings-buyers.html How fucked is Earl? |
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Date: June 15th, 2024 7:58 AM Author: pwnpwnpwn Lawyers get paid either way (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748724) |
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Date: June 15th, 2024 10:18 AM Author: Hubby helps wife with endowed allies Lawyers charge by the hour (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748930) |
Date: June 15th, 2024 3:26 AM Author: ,,, ,,, ;,, ; ,;,,; ,.,;, it's amazing how completely De Blasio and the china virus completely fucked MFH (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748566) |
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Date: June 15th, 2024 3:36 AM Author: AZNgirl honoring Juneteenth by furking Birdshit CSLG cld prob buy afford a McSkyScraper in downtown LA, not flame (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748572) |
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Date: June 15th, 2024 3:56 AM Author: Expert Fisting Services, LLP he's tacky enough to do it (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748597) |
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Date: June 15th, 2024 3:38 AM Author: ""'"""' MFH will be a ghost town in the next decades. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748573) |
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Date: June 15th, 2024 3:45 AM Author: .- .-. . .-. . .--. - .. .-.. . Nah, these buildings will just be gutted and converted to residential. There have been a half dozen conversions already including the new Water Street conversion that everyone keeps citing as the future for old office buildings.... (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748584) |
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Date: June 15th, 2024 4:01 AM Author: Salivary Stoned (xoentlaw@gmail.com) pray tell, what makes Water Street the conversion of the FUTURE. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748600) |
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Date: June 15th, 2024 7:00 AM Author: '"'"'"''" NYC is expensive, dirty, and crime ridden. People only live there because they work there.
There won't be infinite demand for residential if all the offices disappear. |
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Date: June 15th, 2024 10:16 AM Author: ...........,........,,,,,,,,.,,,, (Slava Russiya, Slava Kharkov ) (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748926) |
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Date: June 15th, 2024 1:07 PM Author: ........,,,,,,......,.,.,.,,,,,,,,,, Economics don't work to convert to residential in like 95% of buildings.
It'll be interestin gif they start demolishing hte buildings - but my guess is that's expensive too. |
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Date: June 15th, 2024 3:41 AM Author: .- .-. . .-. . .--. - .. .-.. . It's a bifurcated market. Class A buildings are renting for record high rents and occupancy is well over 90%. Class B and C buildings have occupancy of 40% and can't find tenants at any rent. These buildings need to be converted to Class A which for a lot of the towers built in the 60s is actually impossible or impracticable as they can't get enough light in the buildings as built or converted to residential which actually is just as difficult because of the same light issue. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748575) |
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Date: June 15th, 2024 8:04 AM Author: ..;.;:.;.;..:..;,;,;. *pays $15 in congestion pricing for class C trash* (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748725) |
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Date: June 15th, 2024 3:43 AM Author: .- .-. . .-. . .--. - .. .-.. . There needs to be a similar correction in residential. LJL at $2 million one bedrooms and suburban split level shit boxes built in the 50s going for 1.5. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748580) |
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Date: June 15th, 2024 3:58 AM Author: Expert Fisting Services, LLP can someone explain to me like I'm 5 how it is that big cities have tons of unused office space that they can't unload yet there's a rampant housing affordability crisis in these very same cities? why can't many of these buildings be converted to condos? they are huge, presumably have plumbing and electrical throughout. perhaps the plumbing situation needs to be revamped as it's probably centralized in office kitchens and a few bathrooms versus in every unit. but still. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748599) |
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Date: June 15th, 2024 4:03 AM Author: AZNgirl honoring Juneteenth by furking Birdshit because of jews, they prob made more money off commercial real estate so overbuilt in US big cities
converting im sure costs a ton and its not viable for all buildings, in some cases it may be cheaper just to build a new tower. obviously if it was cost effective and jews cld profit they wld do it so if they arent there must be a reason. also if u have decaying downtowns or outright criminal hobo takeovers like in SF then u prob have worries abt promoting any converted place, who wants to live in downtown SF now?
and NIMBY and boomers prob precluded thru regulations and restrictions easily building loads of new housing whereas for commercial RE that wasnt as much an issue
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Date: June 15th, 2024 7:05 AM Author: Oh, you travel? ( ) I’ve heard from people that know what they’re talking about, that sort of conversion being “not simple” is an understatement. It’s a huge complicated undertaking and probably not worth it to anyone. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748671) |
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Date: June 15th, 2024 7:31 AM Author: How to derive aut from ism Seems that a big problem is that a lot of the space in big office towers is windowless. To convert a floor to apartments, each would have to be massive with open floor plans. Plumbing would be a massive undertaking, too. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748701) |
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Date: June 15th, 2024 8:35 AM Author: cowgod (cowgod180@hotmail.com) This is Stupid, you could just have extremely open concept apartments. Ridiculous but not impossible and better than being vacant. Like Sam Hyde’s place in his YouTube stream where he gives advice to Losers. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748761) |
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Date: June 15th, 2024 8:34 AM Author: Alien vs Predator vs Brown vs Board of Education It’s pretty expensive. My firm did a suburban office building to flaghotel reno that was $40 million total. This is in the southeast. Now imagine the costs and time involved to convert an NYC office building into housing. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748759) |
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Date: June 15th, 2024 10:37 AM Author: UhOh they are usually a giant open floor with bathrooms and elevators/stairs in the middle. you can't change the plumbing, so what are you going to do, make it into a dorm? (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748949) |
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Date: June 15th, 2024 3:12 PM Author: cowgod (cowgod180@hotmail.com) I’m saying why not (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47749563) |
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Date: June 15th, 2024 1:16 PM Author: ........,,,,,,......,.,.,.,,,,,,,,,, Nothing in the skyscraper is usable other than the skeleton. You'd need to completely re-do the interiors and the building systems.
Boston has a program where they basiclly are abating all the property taxes for anyone who does this and they've done like 2 of them.
My understanding is the rest of the buildngs just aren't a candidate for conversion. |
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Date: June 15th, 2024 3:13 PM Author: cowgod (cowgod180@hotmail.com) Why can’t there just be shitty living areas that rent for less per square foot? You can leave the cubicles there if you want even. (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47749567) |
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Date: June 15th, 2024 3:15 PM Author: ..;.;:.;.;..:..;,;,;. NY shitlibs love dem regulations bro (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47749569) |
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Date: June 15th, 2024 7:06 AM Author: Judas Jones I’m going to buy an office tower and build my own biglaw firm and elite boutique investment bank (http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748672) |
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Date: June 15th, 2024 4:33 PM Author: invisible jewish fire, working in secret Great thread
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