"This building will not achieve those rents. The AVB on Bowery and 188 Ludlow are struggling to maintain $65 psf...and these have a superior location, management and comparable amenties. Access to transportation is poor...you have to walk 10 minutes navigating lengthy Holland tunnel-entrance intersections just to reach the 1 train. A winter time lease-up and the anemic economy won’t help." [The Rising Cost of Truffles: $6k/month for a Bedroom's Worth]
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