JeffeBezos t1_jdczpby wrote
Reply to comment by Mistes in Historic Flatiron Building sells for $190 million at auction by Orener
The article said it needs $100MM in repairs.
notqualitystreet t1_jdd4256 wrote
A nice fixer upper with a park across the way
JeffeBezos t1_jddaxw3 wrote
Great bones. Bring your architect!
thetzar t1_jddawj2 wrote
Which is nuts, didn’t they just do a decade of work on it?
Yolo_420_69 t1_jddti1z wrote
Im guessing the cost isnt to fix but to re-imagine the interior and space use. IE, it can be a perfectly good office floor but if you want to convert it to condos its going to cost a shit ton of money. Shop front additions, modern office spaces, etc
zo3foxx t1_jdeq8q7 wrote
I hate that word "re-imagine"
actualtext t1_jdeu3hj wrote
Have you tried to re-imagine what the word could be like if you didn't hate it?
BuyLocalAlbanyNY t1_jdgedp1 wrote
Reconfigure?
GVas22 t1_jddwj53 wrote
Historic landmark status makes repairs more expensive since they need to preserve a lot of the old building design and materials and you're restricted on the types of renovations that are allowed.
solo-ran t1_jddp6x9 wrote
I worked in offices in there from time to time and it seemed fine to me… but I maybe am used to old buildings.
zigzagger123456 t1_jddr5zp wrote
Needs a little TLC
UnidentifiedTomato t1_jdg0xz1 wrote
That's definitely bare minimum. I imagine a good investment would be $150mil ballpark
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