Construction for new condo building 90 Sullivan Place

The ramp now also has a railing installed.

Heads up, they have finally listed units in this building, and they are rentals:

http://www.trulia.com/rental/3226962257-90-Sullivan-Pl-2F-Brooklyn-NY-11225

http://www.trulia.com/rental/3226946528-90-Sullivan-Pl-3E-Brooklyn-NY-11225

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I think this took about 8 years!

"Outdoor for Most"   ??

Weird pink hue.

I am speechless.

I'm speculating this room redo may have been the products of a recent delivery.

One day recently I saw a UPS missed delivery slip on the front door and on one of the mailboxes. I thought that was odd; why deliver to a building that's not even occupied yet?

@whynot_31 - Maybe the "outdoor for most" refers to the terraces. Several of the units on the Sullivan Place side have them. I can't speak to the other side of the building as it is not visible from the street. (That storage building on Empire is in the way.)

I also think there is an outdoor yard area in the rear of the building.

The PTACs indicate that the building may not have a central heating system.    As a result, the developers saved lots of money on construction and tenants will have to pay for their own heat.

This method of heating an apartment is far more expensive than had a central system been installed.

  

Now I really want to see who will move in. 

The certificate of occupancy has this note:"NOTE:28 FAMILY CLASS A MULTIPLE DWELLING & MIXED USE BUILDING. CELLAR FLOOR PARKING FOR 26 CARS (UNATTENDED ) AND 10 CARS ATTENDED OPEN PARKING SPACE FOR STORES".

This building is big enough that it may have been worth the developer's while to contract with a large real estate agency to quickly fill the units and the storefronts.

However, they seem to be using a small firm and perhaps an individual agent.   http://www.trulia.com/rental/3226946528-90-Sullivan-Pl-3E-Brooklyn-NY-11225

I hope he is able to deliver, quickly.

whynot_31 said:

The PTACs indicate that the building may not have a central heating system.    As a result, the developers saved lots of money on construction and tenants will have to pay for their own heat.

This method of heating an apartment is far more expensive than had a central system been installed.

  

Apparently $600-700/month for a modest unit in a cold winter. Ouch.

http://www.brownstoner.com/blog/2015/03/renters-upset-about-insane-coned-bills-to-heat-crown-heights-luxury-building/

@ehgee -

From what I understand, the building discussed by Brownstoner not only has PTACs, but really poor insulation in the walls.

So, my hope is that the new residents of 90 Sullivan won't be as bad off.    ...but, I may be a dreamer. 

...every aspect of this building may be being done on the cheap.

Last night I saw people moving items into the building. They were using a box truck that was reminiscent of this:

The truck was also parked right in front of a fire hydrant. 

I wonder if they are renting units to the demographic that splits 3 BR among 3 unrelated adults.

...often recent college graduates.

whynot_31 said:

I wonder if they are renting units to the demographic that splits 3 BR among 3 unrelated adults.

...often recent college graduates.

Probably. 

The windows to the lobby are now frosted over. I speculate this was to give more privacy.

I also spotted a NYC DOB permit posted on the commercial space that is closest to Bedford Avenue, but I didn't take a look at the details.

Any residential tenants yet?

Answer:    Tenants have reportedly been sighted.

whynot_31 said:

Answer:    Tenants have reportedly been sighted.

I saw several utilizing their terraces on Saturday night. I don't believe the building is fully occupied yet. 

I am still waiting to see what commercial tenants will move in. (Too bad the local co-op already has a space on Empire.)

I doubt a co-op could afford the PSF rents they are asking.

...I also don't know if they are ok with food, in light of the insects they attract.

I think some design firm is going into the commercial space.

whynot_31 said:

I doubt a co-op could afford the PSF rents they are asking.

...I also don't know if they are ok with food, in light of the insects they attract.

It wouldn't be like Western Beef though.

No, the music wouldn't be as good, either.

I walked by this building tonight and it appears that most units are now occupied.

There's a moving truck in front as I type this.

I'm still waiting for the commercial tenants.

I noticed a sign by the garage last night: Zipcars apparently now live there too. Whoo hoo.

"Irving Langer’s E&M Associates is the latest firm to buy one of several properties up for sale by Brooklyn investor Chaim Miller. The multifamily giant paid $21.5 million for Miller’s 29-unit rental building at 90 Sullivan Place in Crown Heights, according to property records filed with the city Thursday.

Since Miller bought the building for $7.7 million in 2013, the property has been hit with at least seven lawsuits. The list of plaintiffs includes Miller’s frequent lender Madison Realty Capital — which filed to foreclose on the property last year — and ex-business partner Chun Peter Dong, who claims Miller took out a $3.8 million loan on the building without his consent and embezzled the funds. Both cases are still active in Kings County Supreme Court, as are others.

Construction on the property at 90 Sullivan Place was halted for years until Miller acquired the building and jumpstarted work on it. Miller was temporarily barred last year from selling or transferring his interest in the property while his bankruptcy case involving 45 John Street was still pending in court.

Miller’s real estate portfolio, which once exceeded over 1 million square feet, is now dwindling. Next week, Miller’s Coney Island property will be up for auction and a rental building in Clinton Hill will be sold as part of a bankruptcy settlement. Brokers hope the latter will fetch $44 million — the minimum Miller needs to pay off a number of creditors."

http://therealdeal.com/2016/09/01/em-pays-22m-for-chaim-millers-distressed-crown-heights-rental/

What does that mean for tenants?

My friend also wonders whether the building will exhibit structural issues later on. It was left open to the elements while work was halted.)

I would fear it means the new owner is just interested in making a quick profit, and won't maintain the building.

....but we shall see.

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