LHaus
Apr 7 2009

The Long Island City condo firesale continues with Arris Lofts; linkage

Arris Lofts interior, LIC –photo

We’ll leave the dead link, but seems like the article about the Arris Loft‘s price chopping has been removed from Curbed. Not sure what’s going on there, but for a taste from the feed:

“One big loft in the former Eagle Electric Warehouse recently took a 20% price cut, down to a new asking price of $675,000. It was the unit’s first chop since being listed for $845,000 at the tail end of 2007. And how are the resales holding up? We were immediately drawn to the one pictured above, a 2BR, 2.5BA unit coming in at nearly 1,900 square feet. It sold in July 2007 for $1.315 million, before being re-listed last summer for $1.325M and later $1.25M. It was pulled off the market in December, but this week it popped back up on the market at a new ask of $1.125 million, an even bigger loss for the seller. That’s $593/sf, which the listing says is “nearly 20% less per square foot than any other unit in the building.” Will we see other Arris units take similar tumbles?”

20 Comments

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Curbed Arris linkage not working.

#1 Anonymous / 2 years, 10 months ago

NOT WORKING – STILL BROKEN

#2 Anonymous / 2 years, 10 months ago

Maybe Arris paid Curbed off.

#3 Anonymous / 2 years, 10 months ago

Why would they hide that?

#4 Anonymous / 2 years, 10 months ago

$593/sf is a nice price!!

#5 Anonymous / 2 years, 10 months ago

The Arris link was probably lost when Curbed’s servers went down over the weekend. They just got back online yesterday(Monday).

#6 anonymous / 2 years, 10 months ago

That rape story is horrible. I don’t like that G-train station on 21st. It is always dirty and seedy.

#7 Anonymous / 2 years, 10 months ago

G train stands for G-odawful. Worst line in the MTA system.

#8 Anonymous / 2 years, 10 months ago

The G train’s horribleness is mostly a myth. Or a past condition. Or based on construction weekends/nights.

I take it even latenights home and it is just as frequent as any other train at that hour. (i.e. 20 minute headways)

#9 Anonymous / 2 years, 10 months ago

G train sucks! #9, have you ever ridden it? It runs every 25 minutes or so, even during rush hour and it is a shorter train…no myth about it!

#10 Anonymous / 2 years, 10 months ago

“It runs every 25 minutes or so, even during rush hour and it is a shorter train…no myth about it!”

It is short, obviously, but during rush hour it is not every 25 minutes. I get in the 23rd-Ely station every morning and a herd of people come off the G every 8 to 10 minutes or so.

#11 Anonymous / 2 years, 10 months ago

The 21st St Station has always been creepy and reminds me of what the subway was like across the city in the 70s. All menace, dark, dingy, and stinky. You could almost imagine “The Warriors” hanging out there.

#12 Anonymous / 2 years, 10 months ago

There oughtta be pilates classes down there.

#13 Anonymous / 2 years, 10 months ago

At 593 its too much. Arris *still* has many issues many years after completion. I don’t think they still have their COO yet. Realy bad situation there…

#14 Anonymous / 2 years, 10 months ago

The 21st St station is scary and I’m a guy who has lived in bad neighborhoods. One winter weekend after midnight when the 7 shut down I took the E train to Ely and transfered to the G for one stop to save on walking in the cold. I would not do it again. Its easy to see how someone could get raped robbed anything without anyone noticing or coming to help.

#15 Anonymous / 2 years, 10 months ago

#14 what are the problems still plaguing Arris? I am curious because I do like the buiding and prices are coming down. I heard walls are paper thin and there are irreconcilable plumbing issues. Is that true? Still no COO? That’s insane.

Don’t count on anything from the MTA, except for them to steal your money and make your life harder.

#16 Anonymous / 2 years, 10 months ago

My engineer just met with a building that finally got their C of O after 7 years. Buyer’s don’t seem to take the issue to seriously. It just means that they can’t sell their place. And in very rare instances like the condo that was built as a dorm in Brooklyn, people had to move out and lost everything. I would think the bank is a little more fussy in this climate about that little detail. So I don’t know the stasis of the Arris…….and their C of O, but buyer become educated. if you get that dream job in Paris and can’t rent the place……..and can’t sell it……And don’t have the assets to buy a new place……..your stuck. Heaven forbid you can’t handle a payment in this economy.

#17 Anonymous / 2 years, 10 months ago

follow your own advice #17, get educated…more pathetic broker babble…you sound like you’re very close to going back to living at your parents house in ohio..that is if they are not already in foreclosure?

#18 Anonymous / 2 years, 10 months ago

More on the subway rape:

http://www.cnn.com/video/#/video/bestoftv/2009/04/13/issues.subway.rape.cnn

#19 Anonymous / 2 years, 10 months ago

Realty Trac is listing Arris unit 611 in its Foreclosure Alert.

#20 Anonymous / 2 years, 9 months ago

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