Anybody Into the Real Estate in NYC?
 

An extremely wealthy friend is asking me about the land value between 56th ~ 58th streets (6th and 7th Avenues) in West NY eligible for a 90floor Skyscraper... :confused:

Any help with that?

I don't know, can't help you there, but have your wealthy friend make me an offer on my house in Cleveland, Ohio.... ;) It's been on the market for 10 months and I need to sell!!

Hehehe... Naaaaaa... he needs a plot of land in this area. He got a lot of offers, but he needs to know if they are overvalued or not...

millions$$$$$

Come on! need a real number per sqf ...

I doubt you will find an answer on here, but also just to clarify. Your friend wants to build a 90floor skyscraper? I doubt that would get approved in the area of NYC you are talking about. OR are you talking about he wants to rent the 90th floor of a building?

Build. Why you are saying so? He got two offers so far, he just wants to know if he will be scr*** on the deal or not.

He understands that there are permits for land where you can build for ex. a 30 floor building and others at 70 or 50 or whatever.
The price fluctuates accordingly... for a 90+, well obviously it is the most expensive...

A 90 floor sky scraper in manhattan? Thats just not going to happen.

aren't there city ordinances or city zoning laws that say what you can and can't do or where you can build?

Yes!! This is what I mentioned previously. The zones he is after are for 80+ floor scrapers...

Maybe this will help your friend

http://www.nysun.com/article/45832

Does your friend understand that there is NO 90 story building there even now? The two that were there were knocked down by a bunch of barbarians who feel fulfilled in life to kill innocent people. The Freedom Tower (I think that is what it is being called) will be the tallest building in Manhattan at 1776 feet tall (wonder where they got that number:D) Also the section of Manhattan you are referring to I would be shocked to see anything 2/3 that size be built.

Let time judge that my friend... :rolleyes:

(You would be amazed how crazy and rich people are over here)

Bob, I got those articles, they are excellent. I got them... but still what I am exactly looking for, I cannot find. :(

I have been to Dubai, believe me I know... Still there will not be a 90 story building going up for a very long time in that section of Manhattan or actually any part of NYC.

Of course they won't be a 90.. maybe an 80... or a.... 100! :eek:

Last time I checked (which was last night), there is no developable land left in most of Manhattan. Particularly in this area which is most likely in the top 10 as far as values in the world.

so...let me get this straight...

He wants to buy up all the buildings in a sqaure block of the most desireable and expensive part of Manhattan, and then tear down the hugely expensive and already developed properties to build the 2nd or 3rd largest building in manhattan. He wishes to do this with no political ties and not in the financial district. Perhaps he wants to put it next to Cartier or Tiffany. Or maybe he wants to buy them and tear em down to make way. Further, he is worried that he might get screwed because the sqft values of the base may be high enough that the 90 floors above it and probably 8 floors down will make it a bad investment.

Good thing he asked you to feel your way around. Tell him Brad from the SVX board said it is a good idea and that I wish to reserve the 90th floor as a garage for my cars.

Your friend's head is in the clouds. I am sorry, buit this is an insane post.

Not a square block Brad, more like a part of it. And yes some building gonna go down.
I will update you all on this. The project is being studied as we speak, if everything goes well you will know who this guy is.

I will bet my car this does not happen. I know NYC extremely well and what Brad just said is true. A 90 story building would be an entire block in that part of Manhattan. So, you would need to buy the existing buildings (next to impossible because the current owners will not want to move out due to how desirable the location is.), tear them down (more millions of $$) and the build a 90 story office building? Your friend would have to be a 'liquid' billionaire WITH connections to get approval. This is also America where bribes are illegal (not saying they don't happen), but it is not like other countries. Not to mention the fact that there will be public outcry for the whole project. Whoever he is "talking to" is probably jerking his chain and trying to get his $$$ from him

I highly suggest you withdraw your betting on your car bro :D.
You never know it might be a joint venture or something....

THINK BIG my friend ;)

I dont need to withdraw it. I think your friend is about to be soaked.... Royally.

Sorry if I come across as rude...but I do not have a nice way of explaining this to you. As a New Yorker, you must understand how silly this sounds. Perhaps the distance is skewing the reality.

ok... if we really are going to play out this pipe dream. Here are some more elaborate details and flaws in your rich guys plans...

1) There is no 6th avenue. After 5th avenue is avenue of the americas (technically 6th avenue.

2) The area of "6th ave to 7th between 57 and 58th street is central park south. It is 1 block off of the park and is home to the weathiest part of manhattan (bar none). These people do not live in single family homes. They live in BUILDINGS! Most of which routinely can exceed 30-40 stories already. Those streets include such landmarks as Carnegie Hall, Trump Parc, Essex Hotel, fao schwartz, etc.

3) I am sure the other billionaires that live in this area wont mind their views obstructed by a building double the size of theirs in front of them. The park view is not that important to life on Central Park South.

4) Take a close look at the footprint of the former wtc site. Take a look at the fact that at least 1/2 blk is what it takes (minimum) to erect a 90 story building. Is he going to call it stringbean towers or someting>?

5) The value of this sqaure block would probably exceed 20 billion dollars with the Real Estate on it now. Even if he could buy it from each and every owner, he will have to remove the existing high value real estate. Then the cost of building his building (at least a couple of billion) which is the least expensive part of the equation. Even Bill Gates or Warren Buffet as a team would get goose pimples from this.

The median price per square ft on the park south is $3905 per sq ft for residential apartment space. Here is a text of the 3 available listings...

We found 3 listings around $4,998,000 average aasking price
Median price: $5,200,000 Median size: 1,384 ft² Median price per ft²: $3,905

That makes a 1384 sqft apartment $5,404,520. DO the math on the whole building times avg 40 floors times say 5+ buildings >>>??? Need a bigger calculator, dont you?



I think you and your friend are quite dillusional and perhaps a bit naive. I think your friend has MUCH less money than you think if he is even pondering this.

Enclosed are 2 pictures of the areas you are talking about....TAKE A CLOSE LOOK AT IT. If you stilll want to continue this thread...go ahead but dont expect anymore replies from me.

http://excitingny.com/nyphotos/west57thst.jpg
http://farm1.static.flickr.com/214/5...7690d83ab3.jpg
http://farm1.static.flickr.com/180/4...0c664cd153.jpg

FOR REFERENCE...THE BUILDINGS TOWARD THE RIGHT IN THIS PICTURE ARE APPROX 40 STORIES !! IMAGINE A BUILDING TWICE THE HEIGHT OF THESE AND THEN ADD 10 STORIES... SEEM LIKE IT WOULD BE APPROVED? Believe me trump would have done it already to compensate for his teeny peeeny

This is the end of the debate. Way to put the final nail in the coffin, brad. The whole idea is as ridiculous as those emails you get telling you about some billionaire who needs to move some money and needs your account info to do it :o:lol::lol:

Again, I bet my silver car, my red car, and $20,000 that this does not happen.








Disclaimer: State of Massachusetts does not allow gambling so the aforementioned bet is not a legally binding wager.





Unless I win :D

which street is this and in between which avenues?

PS: For ebaybrad and sicksubie, think about it for a second, do you think I have enough time to make this whole story up?
I don't have time for this ****, I am working here like 14~18 hours a day...

I am sorry but I do not like the sound of this thread. Please look at my profile/occupation and you will see why. I hope the administrators of this forum put a lock on this thread. If your "friend" really has the money to do this why are you asking a bunch of people on a "car" network for answers. I am sure he can hire the very best for answers. Chris/Chris please put an end to this thread. Thank You.

What's your profile got to do with everything? :confused::confused:

Are you OK man?

I got it. You are right, CorSVXette. Bad choice of words.

As a New Yorker..I truly understand. I also smelt it, felt it and dealt with it.


Refresh your browser and see....

as I am sure you did, I lost a lot that day.

I agree that this is a dumb place to ask a question like this and we or I are certainly not the "very best" to ask this question to.
Unless he is going to call it SVX Tower???? hmm......not a bad idea since we helped out so much????

Nuff said.

Now I got it... You are both over obsessed...

Bad news for the both of you KIDS (yeah, since both of you are new around here...), stop the OVER-imagination because none of what you are thinking of is feasible... :barf:

Moreover, have you ever heard of Google Earth? Guess not... so please get back, the both of you, to your imaginary heavenly closets, and play with your dolls.

Whoaaa...... Calm down here. We are simply making sure you know the stupidity behind the idea of a 90 story building going up in that part of NYC. You should take kindly to this advice and make sure your friend knows who he is dealing with during this "research" as it could be a scam. Remember the saying a fool and his money are soon parted. It is simply a 100% impossibility. The current owners would never move out for any amount of money. For (a) they are exuberantly wealthy already and money means nothing to them and (b) that is the MOST sought after urban area to live in (IMHO) in the United States.

Man I really get FURIOUS when people start giving me hard time about all what happened 6 years ago in NY for the reason that my location says "Middle East"...

What is wrong with people man?

Does it make them satisfied if I tell him that my dad's grandma was a pure German and my grandma (mom's mother) is pure French?

I am semi European and I am Christian! Let's see if they are satisfied now! :mad:

RELAX!! NO one is saying anything of the sort about your backround or where you come from. I didn;t even see it till you pointed it out. I did not mean to make any such reference.

I took the wording out of my post as to not offend COrSVXEtte who did not like some of the poor wording. I agreed with his statements. I did it for him not you! He is former NYPD....

That does not change my point of view about your "friend's" building plans.

Enough with this thread. Let it die a quick death. ALthoug, considering you have 4700 posts, i doubt it will happen quickly.

I got a kick out of your kids/doll comments... really i did...

lol

Not to add fuel to fire or anything Silverspear, but you do realize that you friend is considering building possibly THE tallest building in new york. At present, the empire state building is about 88 stories, your friend will have to come up with mucho dollars just to start the lobbying process, the cost will be astronomical, multi-million dollar venture. Anything is possible i suppose, but the odds are heavily stacked against your friend.

The dollars are there and in billions. The project is being studied as we speak... will keep you updated of the status... say in 5 months tops will have a final answer.

And the other party we are dealing with is an INTERNATIONAL and SUPER PROMINENT investor.

That's the maximum I can say right now.

both cars and 20 grand....

Naaaa.... I will just settle for the Silver one :p

Either way I am gonna disclose the project to all of you, but in the meantime it is still classified....

But trust me, when it comes to BILLIONS, I don't have time to waste on making up such a story like this...

The project is rated at extremely HIGH END....

Nuff said :cool:

ill take the penthouse.

Ask your friend if I can borrow a few billion for my project. I am going to build the ever needed bridge from eastern long island to connecticut and pave it with gold.


I am so glad that i joined the SVX board so I can keep up with the Jetsetting billionaire crowd and get advance knowledge of the construction of the largest building in NYC. I am already attempting to acquire any real estate I can on those blocks so that when they need to buy me out I will be a billionaire also.

Tell your friend he will need me as a partner.

PS... DO you have a stake in the Helmsley Spear building? Just curious. If so, Leona was a total *****!

Btw, I AM STARTING A NEW CAR COMPANY with Bill Gates and we are resurrecting the SVX, Merkur xr4ti, Buick Reatta, and the Dodge Daytona.

Stay tuned as it is classified and Billy boy told me specifically not to disclose it here. The news apparantly must contractually break on the rx-7 board.

:lol:

Well if he can get it done, great I guess :p I don't think it can be done as they have stated before the tallest is what 88? I don't wish badly against your friend hell having a few billion come into wouldn't be bad right? I think like the rest that getting it approved will prove very very difficult. Not because of what happened 6 years ago, but because of the size of the project. So please don't be so quick to get offended, as I assume they were not trying to offend. They might be a little more hostile to a Person appearing from the Middle East then someone from where I live. I know not everyone from the Middle East , a very small amount that are, wanting to harm Americans, thats stupid to even think like that. There is a sense of racism towards middle eastern folks, but hopefully people will eventually come to there sense and realize that they aren't out there to harm us. This reminds me of how the Japanese Americans were treated when Pearl Harbor happened. Again I am sure they did not mean to offend. I mean there are Irish Terrorist, Spanish Terrorist and so on. O.k I am done with the political rant here. You get my point I hope >.>

If your friend is having billions put into a building why not get him to take 40k and get those shocks everyone is wanting. I think its shocks :p or what ever it was that needed 33k to get. Tell him you are contributing to a fund for the needy.

http://i.cnn.net/money/galleries/200...ges/trumps.jpg

something we should be aware of?

NYC is not Dubai.... People who have been to both know what I mean. I have a feeling that you or your friend have never been to NYC or at the very least been to that portion of NYC. If you had you would know how hard I laugh when I read this. The property CANNOT BE BOUGHT. The poeple who own some of the properties are already richer than your "friend".

First off, I apologize for adding anything to this ridiculous thread.

BUT...Silver Spear, you are trying to say your friend is looking for information from a small web-based car club on which to base a multi-billion dollar real estate project in the middle of NYC?

Ummmmm.....you're not really thinking this one out are you?:rolleyes: