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Thread: The Orion - 350 West 42nd Street - Condo - by Cetra/Ruddy

  1. #61

    Talking thanks

    thanks for the articles. i knew most of the data already, although it was interesting to read that the loft sector breaks records in everything.
    Well, if anyone has any more thoughts on the appreciation potential in this building for a alcove studio, let me know.

    some more data on the building: they just updated the website last night. I forgot the link but will post it online later.

    cheers
    emile

  2. #62

    Lightbulb Which unit (APT __?)have a best view?

    Anyone know which exposure has a best view?
    Many Thanks,

  3. #63

    Default Orion

    eehassell and others- I am also an investor thinking about purchasing a unit at the Orion. What floor did you purchase on? Did your price of $472,000. for a 520 sq ft alcove studio include the NYC and NYS sales tax and your portion of funding a superintendents apt? Do you believe that $.83 a sq ft for common area maintenance will be sufficient to fund the operation of the building and also provide a daily breakfast for all the occupants of the Orion? What effect do you think Holly House, the welfare hotel directly in front of the Orion will have on this new property?

  4. #64

    Thumbs down

    Really? Do you mean they are accoss the steet of Orion building?


    Quote Originally Posted by investor350
    eehassell and others- I am also an investor thinking about purchasing a unit at the Orion. What floor did you purchase on? Did your price of $472,000. for a 520 sq ft alcove studio include the NYC and NYS sales tax and your portion of funding a superintendents apt? Do you believe that $.83 a sq ft for common area maintenance will be sufficient to fund the operation of the building and also provide a daily breakfast for all the occupants of the Orion? What effect do you think Holly House, the welfare hotel directly in front of the Orion will have on this new property?

  5. #65
    Banned Member
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    Default

    Quote Originally Posted by angnyc
    Anyone know which exposure has a best view?
    Many Thanks,
    South & West would appear to have the best views.

    Quote Originally Posted by investor350
    What effect do you think Holly House, the welfare hotel directly in front of the Orion will have on this new property?
    Holly House is not a "welfare hotel". It is subsidized low-income housing. It is a residence, just like the Orion will be. Low income individuals get up, go to work and come home. You'll find that that building is well maintained.

    The white brick building directly west of the Orion is a drug addict, prostitute hotel and has drug addicts and drunks on its steps in the entry. That corner attracts a run down lot of people, due to the day treatment center on Ninth Ave under the Bus Terminal viaduct. They are pretty harmless, but could get uptight preppies all knotted up.
    Last edited by BrooklynRider; April 4th, 2005 at 09:21 AM.

  6. #66

    Default

    angnyc- do you still feel that the Orion is a good investment after reading what BrooklynRider has said in regards to the immediate neighbors to this new luxury building?

  7. #67

  8. #68

    Exclamation

    There is some credence to it.

    Quote Originally Posted by investor350

  9. #69

    Default

    Holland House is well managed. It will be a good neighbor for Orion residents. The nearby SRO is under new ownership, and is no longer a nuisance. The owner is converting the building to a tourist-class hotel.

    Neither building should influence your decision to purchase at the Orion. I would buy into the building if I had the money. You will make an enormous profit over time, as the West Side is redeveloped.

  10. #70

    Exclamation is that anyone have typical floor plan?

    Do you think too much sun on the summer time?

    In their website, they are promoting the north-east facing the time-square.


    [QUOTE=BrooklynRider]South & West would appear to have the best views.

  11. #71

    Exclamation

    Which exposure did you get?
    Do you have typical floor plan on 49th floor?



    Quote Originally Posted by detigiwa
    Hi:

    I am new to the Forum. Sale center opened on March 13th, I got in on the 15th.
    Prices are on 4th amendment now. Studios 530 sq ft start at 424K. I picked
    a 2 bedroom, 2 bath, 1349 sq ft on 49th floor for 1.3 M. Building interiors are really nice. They are working off a waiting list and not accepting brokers yet. As of today, corcoran has posted some listings. Building first phase ready in June 2006, rest Oct 2007.

  12. #72

    Default

    On the upper floors any direction would be great.


  13. #73

    Wink

    Quote Originally Posted by Stern
    Another thread that must rank high on google search.
    You're right. Searching for "The Orion Condominiums New York" on google will bring up wirednewyork at the top.

  14. #74

    Default Orion

    Hello everyone.

    The website is orion42.com . They have updated with panoramic views. I bought the " G " line ( 49G ) facing South and East ( corner apt ). All views are really nice. I paid $ 1.33 M and signed the contract already. As of Friday, they were at the 5th amendment and my unit is listing now for $ 1.43 M. This does not mean anything but it is a plus.

    The area is going to pickup incredibly. Please read the NYT Sunday Real Estate section. The Orion was favorably mentioned.

    I have all floor plans, etc and can give info to prospective buyers.

  15. #75

    Exclamation

    Hi,
    Thank for the information. I am sure it will worth more later.
    Do you know which line is face the (timeSqure)Notrh east corner? It is less expensive than the south east? I am interested on one and two bedrooms as well. Got the appointment later this month.

    Quote Originally Posted by detigiwa
    Hello everyone.

    The website is orion42.com . They have updated with panoramic views. I bought the " G " line ( 49G ) facing South and East ( corner apt ). All views are really nice. I paid $ 1.33 M and signed the contract already. As of Friday, they were at the 5th amendment and my unit is listing now for $ 1.43 M. This does not mean anything but it is a plus.

    The area is going to pickup incredibly. Please read the NYT Sunday Real Estate section. The Orion was favorably mentioned.

    I have all floor plans, etc and can give info to prospective buyers.
    Last edited by angnyc; April 9th, 2005 at 09:26 PM.

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