Friday, November 7, 2008

LIC North: Crescent Club Moving Along



Passed Crescent Club this morning (on Queens Blvd and Crescent St.) and things seem to be moving along quite nicely. In fact, unlike most LIC buildings, this one is nearly on time! According to a colleague intimately familiar with the building, they are over 70% sold. Closing are expected by January or February of 2009.

11 comments:

  1. Another cheap souless condo trying to gentrify Queens.Any fool that would waste their money on these deserves the box they get.Bring in some chain stores just like every city also.

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  2. Not so fast, its a good condo i think and worth the buy for a studio - im one of the buyers

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  3. i'm a buyer, too. do you have a closing date yet? got ours today

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  4. Has anyone got the chance to see what progress has been made inside the building?

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  5. I'm a buyer here as well, what floor are you on that you got a closing notice? Have you been able to get in to inspect?

    Last i saw it looks like a construction site. But i locked in a mortgage so i'd love to be in within the next 90 days

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  6. I too am a buyer on a higher floor who has not received my '30 day' letter yet. I would like to see some posts from those who have regarding their mortgage application, inspection, appraisal and commitment experiences thus far.

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  7. There seems to be a construction going on right across Crescent street. The website of NYC department of buildings says it's gonna be a 10 story mixed use building. Not sure how much that would block view/sunlight for lower floors...

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  8. Crescent Club purchasers can now rescind their purchase agmts.

    As set forth under Section 2 of the Seventh Amendment (which the sponsor just mailed on or about February 10th), all Purchasers who have fully executed Purchase Agreements and paid the required Deposits prior to the June 4, 2008 Filing Date of the Fifth Amendment have the right to rescind their Purchase Agreements for a period of 15 days following the Presentation Date of the Seventh Amendment. As set forth under Part I of the Plan, "Presentation Date" is defined as the date on which the Plan or an amendment thereto, as the case may be, is personally delivered or the 5th day after mailing to prospective Purchasers and Unit Owners following acceptance of the Plan or an amendment thereto for filing with the Department of Law.

    Seems a lot of people are rescinding:

    http://www.queenswest.com/neighborhood/discussion/319638614/conversation_view?b_start:int=0

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  9. Has anyone been kept up to date on the number of rescinded contracts?

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  10. There was some buzz about that on streeteasy. Apparently there were not many people who the amendment pertained to.

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  11. i never go that ammendment, could someone verify if the people who received the 7th ammendment have not gotten a closing notice?

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