Author Topic: Yin Hu Tower 84th & 37ave (Read 27846 times)

dssjh · « **Reply #60 on:** April 27, 2014, 08:36:40 PM »

Ah, laws protecting real people. If Only. this is the new America, where we are taught thAt our economic overlords must be protected.

But seriously, a mistress would have to be low on the totem pole to settle for this

Palermo · « **Reply #61 on:** April 27, 2014, 11:21:24 PM »

I echo the common sentiment thus far said after viewing 10 apartments this afternoon. Cheap construction, thoughtless interior design, amatuerish promotion and over inflated prices.
As I viewed them, I thought to myself that even with 9 million denizens, NYC would be hard pressed to scrape up 30 folks ( top 2 floors are rentals) who were bright enough to amass a half a million bucks, yet dumb enough to squander it on something like this. But the folks owning/managing the building can't also be so unaware as not to realize this too. So what gives? Is this the Springtime for Hitler version of real estate? A con which is supposed to fail? Some sort of tax evasion scheme? Bilking foreign investors? There has to be more to it.

Shelby2 · « **Reply #62 on:** April 28, 2014, 01:23:24 AM »

I hope it doesn't involve investors who realize after the fact that they got scammed, and the only way to recoup their investment is to rent out each apartment at such an exorbitant amount that 20 people would have to share the apartment in order to afford the rent.

I do hope there is some entity that will check to make sure the occupants in these condos are not exceeding occupancy limits.

theplanesland · « **Reply #63 on:** April 28, 2014, 10:56:50 AM »

Quote from: Palermo on April 27, 2014, 11:21:24 PM

I echo the common sentiment thus far said after viewing 10 apartments this afternoon. Cheap construction, thoughtless interior design, amatuerish promotion and over inflated prices.
As I viewed them, I thought to myself that even with 9 million denizens, NYC would be hard pressed to scrape up 30 folks ( top 2 floors are rentals) who were bright enough to amass a half a million bucks, yet dumb enough to squander it on something like this. But the folks owning/managing the building can't also be so unaware as not to realize this too. So what gives? Is this the Springtime for Hitler version of real estate? A con which is supposed to fail? Some sort of tax evasion scheme? Bilking foreign investors? There has to be more to it.

The Economist this week has extensive articles about how China's new upper-middle-class are looking for places to park their money (and, sometimes, their families) which are less cutthroat and capricious than their home country. As determined earlier in this thread, the developers here clearly intend to bamboozle absentee foreign investors who want to buy something sight unseen in a country with a solid banking system, strong rule of law, and a significant Mandarin-speaking business community.

Let me add that it looks like the people in the Economist article would make terrific Americans, but sometimes they don't intend to move into the properties (they're just using them as safe-deposit boxes) and often they're getting tricked by venal developers.

Jeffsayyes · « **Reply #64 on:** April 28, 2014, 11:52:13 AM »

Lots of Chinese immigrants/buyers want New housing stock. They don't want classic construction. Sooooo....

iheartbigass · « **Reply #65 on:** April 28, 2014, 01:26:29 PM »

Quote from: Jeffsayyes on April 28, 2014, 11:52:13 AM

Lots of Chinese immigrants/buyers want New housing stock. They don't want classic construction. Sooooo....

Can confirm. I'm an architect and only work within mainland China. The overall trend is shiny, glitshy, polished and NEW. If every light fixture could be a crystal chandelier, I think they would be very happy.

Sorry to turn this into a design thread!

JackM · « **Reply #66 on:** April 28, 2014, 07:38:14 PM »

I always thought this building was designed for an Asian market. That's the reason for the extra bathrooms. Probably geared towards large extended families sharing cramped quarters. My problem with this building, and the one designated to be constructed next to it, is the added congestion to our neighborhood. More cars, more people to an already crowded streetscape. And the developers will continue to build these large buildings along 37th Avenue. And there is nothing that can be done. Watch what goes up on the recently burned out building that housed Armando's.

theplanesland · « **Reply #67 on:** April 28, 2014, 07:47:36 PM »

Quote from: JackM on April 28, 2014, 07:38:14 PM

I always thought this building was designed for an Asian market. That's the reason for the extra bathrooms. Probably geared towards large extended families sharing cramped quarters. My problem with this building, and the one designated to be constructed next to it, is the added congestion to our neighborhood. More cars, more people to an already crowded streetscape. And the developers will continue to build these large buildings along 37th Avenue. And there is nothing that can be done. Watch what goes up on the recently burned out building that housed Armando's.

I have no problem with density in a neighborhood and city with a severe housing shortage, in a neighborhood with excellent public transit access (that's only going to get better once they finish the 7 train CBTC project.) It doesn't mean more cars - in fact, I hope there's zero parking included so the people there won't even think of owning a car. But density doesn't have to be shabby and cheap, obviously (I say from within my large and well-built apartment building.)

Brook Lynn · « **Reply #68 on:** April 29, 2014, 06:56:30 AM »

It's not just the extra cars or even foot traffic, although that's part of it. It's the usage of infrastructure and resources. The fact that parking isn't included doesn't stop people from buying cars if they feel that they need one. They just buy a car and hope that it works out (e.g. Park Slope- every so often they talk about doing residential parking permits to overcome the parking shortage, but mostly people just scream about the lack of parking). Hopefully the extension of the 7 will help with subway crowding, but you never know. My biggest issue is garbage. More people in an area always means more garbage. Hopefully it will be properly disposed of and not end up as litter or more dog poop on the streets.

Maybe none of this will be a problem with the addition of just one building. But if we start having multiple new buildings in the area, these issues could be real.

ProdigalSon · « **Reply #69 on:** April 29, 2014, 07:58:29 AM »

Quote from: iheartbigass on April 28, 2014, 01:26:29 PM

Can confirm. I'm an architect and only work within mainland China. The overall trend is shiny, glitshy, polished and NEW. If every light fixture could be a crystal chandelier, I think they would be very happy.

I agree with iheartbigass, (loving the username

) - a large and growing number of our clients are from mainland China and my visits there bear out what has been said -- shiny, glitzy, polished and chandeliers in every room is considered de rigueur there. I guess you cannot fault these fellows for building and marketing to a specific demographic. I just hope this isn't a harbinger of what to expect with any other new construction - conforms on the outside to the area/historic district, but the inside is crap. Fingers crossed we won't see this or similar where the Bruson Building currently stands.

dssjh · « **Reply #70 on:** April 29, 2014, 09:02:15 AM »

the shop sells a few incidentals, but it's pretty much just shoe repair -- along with a couple of shine chairs. been there at least a couple of decades - with that memory jogging shoe repair smell. look for the large blue sign. I think it's right next to Appetito (the deli/appetizing).

alexiatate · « **Reply #71 on:** April 29, 2014, 09:05:20 AM »

Quote from: Brook Lynn on April 29, 2014, 06:56:30 AM

It's not just the extra cars or even foot traffic, although that's part of it. It's the usage of infrastructure and resources.

Including public schools. Overcrowding in local schools is exacerbated by overoccupying of residential space.

luckyghost · « **Reply #72 on:** April 29, 2014, 11:12:43 AM »

Tiled living room floors make me feel like I'm taking CRAZY PILLS.

Sorry to hear about the interiors, but sadly not surprised.

jhnyc · « **Reply #73 on:** April 29, 2014, 11:49:55 AM »

I don't care who buys those. My problems is that they do not pay taxes. Property taxes in NYC is a joke. Foreigners buy them because it costs them nothing to keep them. The more places are bought by foreigners the less income for the city. The only people who make money are developers and agents. MAKE THEM PAY! because if they don't you know who will foot the bill-us.

Shelby2 · « **Reply #74 on:** January 01, 2015, 01:40:04 AM »

Looks like at least one of these units is now on the market as a rental.

http://newyork.craigslist.org/que/aiv/4827356753.html

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Author Topic: Yin Hu Tower 84th & 37ave (Read 27846 times)

dssjh

Re: Yin Hu Tower 84th & 37ave

Palermo

Re: Yin Hu Tower 84th & 37ave

Shelby2

Re: Yin Hu Tower 84th & 37ave

theplanesland

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Jeffsayyes

Re: Yin Hu Tower 84th & 37ave

iheartbigass

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JackM

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theplanesland

Re: Yin Hu Tower 84th & 37ave

Brook Lynn

Re: Yin Hu Tower 84th & 37ave

ProdigalSon

Re: Yin Hu Tower 84th & 37ave

dssjh

Re: Yin Hu Tower 84th & 37ave

alexiatate

Re: Yin Hu Tower 84th & 37ave

luckyghost

Re: Yin Hu Tower 84th & 37ave

jhnyc

Re: Yin Hu Tower 84th & 37ave

Shelby2

Re: Vin Chu Tower--apt. building at 84th and 37th