[westwing]

Originally Posted by outlook_home

I am moving from NYC to Stamford. I visited Trump Parc Stamford and loved it. I would like to buy a 3-bedroom apartment there, but confused about the floorplan and resale value. Floorplan problem: Too many bathrooms in the apartment -3 bedrooms and 3.5 bathrooms. Resale value problem: Despite of being a luxury building with upscale amentities, they are struggling to sell the apartments. I am looking for some more inputs to make a decision.

how much is a 2 bedroom apt and 3 bedroom apt there?

[Wilton2ParkAve]

Originally Posted by Stylo

Definitely. Jersey City waterfront for instance. Although the schools there are worse, the commute is quite superior - as is the view.

I'd argue the commute is not superior. Midtown is still the employment epicenter (Midtown remains the busiest single commercial district in the United States and the largest in terms of office space). Jersey City to midtown is about 45 minutes by mass transit. Essentially a wash relative to Stamford.

[Stylo]

Originally Posted by Wilton2ParkAve

I'd argue the commute is not superior. Midtown is still the employment epicenter (Midtown remains the busiest single commercial district in the United States and the largest in terms of office space). Jersey City to midtown is about 45 minutes by mass transit. Essentially a wash relative to Stamford.

Exchange Place to Midtown is only 30 minutes

[outlook_home]

I think they mentioned it is 60-70% occupied now. The common charges are still quite high (1100+ for 2BR and 1300+ for 3BR) excluding parking per month.

[outlook_home]

What is your opinion about buying a townhome or a condo in Palmer Hill - 77 Havemeyer lane?

[Stratford, Ct. Resident]

Originally Posted by outlook_home

What is your opinion about buying a townhome or a condo in Palmer Hill - 77 Havemeyer lane?

There's a "quasi" public housing project behind it. Eh....

[kidyankee764]

Originally Posted by outlook_home

I think they mentioned it is 60-70% occupied now. The common charges are still quite high (1100+ for 2BR and 1300+ for 3BR) excluding parking per month.

$1100 monthly just for common charges?!

[willow wind]

Kid, those over the top common charges are not unusual in condo projects with lots of unsold units. The expenses and accumulation of reserves are being passed on to the current unit owners.

The developers usually put some sort of wording into the condo docs that they don't have to pay common charges on unsold units. They only have to pay if there is any shortfall in expenses. So basically what you have is the 60% sold units carrying the 40% unsold.

Adams Mill River in Stamford is similar. ( this is the older Mill River complex) . The monthly common charge is in the $ 700 a month range with another special assessment which is, if I remember correctly, over $ 100 tacked onto that

[mrgmrg]

But for that $1,100, there are unlimited fresh-baked cookies available on weekends, so it evens out, right?

[RA73]

The common charges are still quite high (1100+ for 2BR and 1300+ for 3BR) excluding parking per month

That's as expensive or moreso than a lot of NYC towers...without the convenience and in some cases pre-war charm.

R-I-P-O-F-F.