The Edge

stash17: about 5 months ago

saw the Edge today. In summary, was pleasantly surprised. No, its not cheap but depending on the unit there are a few that are <$950 sq ft which will have outdoor space and unobstructed views of manhattan. the area (i live and own in manhattan) reminded me of the lower east side presently or the east village 5-10 yrs ago. Can definitely see it being a construction zone for the next 5 years and in reality, there's not much immediately surrounding it. (I saw Northside Piers next door first, btw, and the walk there on N4th was almost frightening. Like walking through a wasteland.)

The amenities in the Edge (pool, gym, sauna, basketball court!?, etc appear to be first rate as do the finishes.

Pause should be given when considering that the area closer to the subway will be for "medium income" rentals. Didn't like that too much. But overall, again, very impressed. The property appears to be primed to take advantage of the waterfront area developing.

jeahp: about 7 months ago

Yes it is indeed very expensive for the location - for that much you can easily find a coop in the city, heck you may even be able to find a condo. Potential is there but at these prices they seem to be artificially inflated. Would advise to wait for prices to soften.

blingbling: about 7 months ago

wow, that seems really expensive for a location like that. My mortgage broker thouht it maybe a good investment unit but I didn't know they are priced so high

manhattanguy: about 7 months ago

I attended their launch party a couple of weeks ago. The sales person there told me the avg psf for 1 bedroom units are around $900-$1100. They must have spent atleast a million in the party alone. I wish them good luck in selling those over-priced units.

jeahp: about 7 months ago

Any idea on the sq price?