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Old April 24th, 2014, 01:24 PM   #11381
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Hi Bagat,

We are neighbors. I can see my apartment across the street. How is Indonesia this time of year? Also, your picture quality is much better than my phone pics. If you update this regularly, I won't have to!

Last edited by viewfrommywindow; April 24th, 2014 at 02:04 PM.
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Old April 24th, 2014, 01:49 PM   #11382
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Quote:
Originally Posted by anrsbes.charles View Post
Reading the whole article, it explains how the tax break was put in during the 1970's; which were horrible times for NYC with crime high and property value low. It's logical to assume that you would want to give wealthy people a tax break in such conditions as an incentive.

Also in reading the entire article, you see it's the building managers who lobby for the break and the NY State government that approved it.

The article also states there are over $17,000/month in charges to a resident at 432 park, that's more than most pay in real estate /property taxes all year.
I agree. And I think huge increases could threaten this top end market.
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Old April 24th, 2014, 01:51 PM   #11383
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Quote:
Originally Posted by anrsbes.charles View Post
Reading the whole article, it explains how the tax break was put in during the 1970's; which were horrible times for NYC with crime high and property value low. It's logical to assume that you would want to give wealthy people a tax break in such conditions as an incentive.

Also in reading the entire article, you see it's the building managers who lobby for the break and the NY State government that approved it.

The article also states there are over $17,000/month in charges to a resident at 432 park, that's more than most pay in real estate /property taxes all year.
the 1970s were 40 years ago - New York has been booming for decades.

This is a real outrage that they pay so much less than others and there is no justification for it.

Definitely I am going to have to speak to my city council person about this.
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Old April 24th, 2014, 01:52 PM   #11384
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I agree. And I think huge increases could threaten this top end market.
If they don't pay a proportionate amount of tax we don't want them.
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Old April 24th, 2014, 02:31 PM   #11385
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This is one of my favourite renders of the building:



...And a nice site too: http://www.thepinnaclelist.com/blog/...e-new-york-ny/ (old ?)
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Old April 24th, 2014, 03:40 PM   #11386
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The buyers of the apartments listed on the previous page in this thread will pay between $60,000-$190,000 in annual property taxes, while those buyers will consume far less in NYC/NYS services, due to their part-time residency and lifestyle. They won't be receiving welfare, food stamps, medicaid, riding the subway each day, driving on the roads each day, etc. Sounds like a huge win for NYC. Much higher tax rate per square foot compared to the average apartment due to the sky-high per sq. foot valuation, and much lower consumption of services.
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Old April 24th, 2014, 04:33 PM   #11387
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Quote:
Originally Posted by Pohtija View Post
This is one of my favourite renders of the building:
Wow, I haven't seen that render in such high quality before. A worthy re-post.

It's especially crazy to think there's almost 3 entire "mini-towers" to go before topping out. Right now we're only a couple floors above the mechanicals near the top of the GM building.

But what's exciting to me about that render is that it reflects (pun not initially intended, but thought about and now fully intended) the color and quality of the glass. We've only seen one or two panes fully uncovered, but they're going to be a much more tasteful, highly reflective grayish color than they currently appear because of their blue protective coating.

I understand people's skepticism about the design, and of course not every tower lives up its renders, but man ... if it winds up looking half that good in real life, I believe most of the doubters will come around.
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Old April 24th, 2014, 04:39 PM   #11388
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Quote:
Originally Posted by 600West218 View Post
the 1970s were 40 years ago - New York has been booming for decades.

This is a real outrage that they pay so much less than others and there is no justification for it.

Definitely I am going to have to speak to my city council person about this.



And these wealthy people are the reason it has been booming for decades. Even with these property tax breaks, the wealthy still pour more money into the city then the average person, 1000's of times over. The city council and Mayor already know this and will continue to use things like low property taxes to attract these folks. After all, without these "rich" people, Manhattan would be nothing more then it was 40 years ago with high crime and low property values. Every state in the U.S. does certain things to attract the wealthy and their hard earned money.
So right after you speak to your city council person, walk right up to your newly elected Governor and ask him about this http://startup.ny.gov/
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Old April 24th, 2014, 04:47 PM   #11389
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Wow, I haven't seen that render in such high quality before. A worthy re-post.
Thanks. I thought so too... And if you move/frame the picture so that you can only see 432 Park Avenue alone in the screen -> there are still more floors visible than there are floors (25 floors in total) in the tallest building in my home country, that is currently under construction too...
And this supertall building is in the middle of NEW YORK ! It's just grazy... ...Love it.

Last edited by Pohtija; April 24th, 2014 at 05:05 PM.
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Old April 24th, 2014, 05:31 PM   #11390
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Excuse me while I hop up here for a minute.

The rich do just as much harm to this city as they do good, let's not kid ourselves there. Same goes for the whole country. No doubt they make up a huge portion of the tax base, but they're also the ones that drove us over the cliff in '08, and countless times before. People like to cite a lot of anecdotes as hard evidence that the billionaires are saving us all, but it's only half the story.

Now, I'm a skyscraper nerd so I love these new towers. But I also know that for every luxury high rise going up on 57th street, somebody is getting pushed further out from the city center, the jobs, and the resources. There is a ripple effect that is felt all the way out in East New York, Hempstead, and the Bronx. I'm not laying blame anywhere, the forces of gentrification are ancient and unstoppable. But it is important to acknowledge that there are always winners and losers.
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Old April 24th, 2014, 05:31 PM   #11391
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The outer floors forms have risen. You can see them on the Sheraton Tribeca cam.


http://www.sheratontribecaview.com
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Old April 24th, 2014, 06:58 PM   #11392
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Quote:
Originally Posted by j-biz
Excuse me while I hop up here for a minute.

The rich do just as much harm to this city as they do good, let's not kid ourselves there. Same goes for the whole country. No doubt they make up a huge portion of the tax base, but they're also the ones that drove us over the cliff in '08, and countless times before. People like to cite a lot of anecdotes as hard evidence that the billionaires are saving us all, but it's only half the story.

Now, I'm a skyscraper nerd so I love these new towers. But I also know that for every luxury high rise going up on 57th street, somebody is getting pushed further out from the city center, the jobs, and the resources. There is a ripple effect that is felt all the way out in East New York, Hempstead, and the Bronx. I'm not laying blame anywhere, the forces of gentrification are ancient and unstoppable. But it is important to acknowledge that there are always winners and losers.
For the most part, I agree with you.
Additional taxes will not be levied against the rich for the simple reason that the rich don't want extra taxes. They control the money hence they control the lawmakers. And even if they (the lawmakers) did demand higher taxes from the rich, there would always be ways around it. It's a nice idea to increase taxes the rich, but it's not going to happen.
I would bet her first to admit that it is somewhat disheartening that all of these new 57th street and vicinity towers are exclusive billioniares' mansions, but that's what the demand is obviously for right now.
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Old April 24th, 2014, 07:35 PM   #11393
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Quote:
Originally Posted by SMCYB View Post
The outer floors forms have risen. You can see them on the Sheraton Tribeca cam.
It looks like the core has risen properly this time which makes it 278.7m or or 914.4ft tall!
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Old April 24th, 2014, 08:13 PM   #11394
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The Grey
by Tim Drivas, on Flickr
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Old April 24th, 2014, 08:25 PM   #11395
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Honestly the taller this building gets the more it looks like a twig which would be blown over by the slightest breeze. That's just how it "looks" of course. I wonder how they even keep the wind from swaying it, I'm sure they thought of that?
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Old April 24th, 2014, 08:46 PM   #11396
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From the Williamsburg Bridge this morning:



I'm sure the angle is not quite right, but imagine how cool the shot would look if 432 was framed by the future "O" tower in the Domino redevelopment.

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Old April 24th, 2014, 10:50 PM   #11397
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A friend told me this looked like a giant e-cigarette. I kinda see it. lol
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Old April 25th, 2014, 12:03 AM   #11398
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Quote:
Originally Posted by Andro1209 View Post
Honestly the taller this building gets the more it looks like a twig which would be blown over by the slightest breeze. That's just how it "looks" of course. I wonder how they even keep the wind from swaying it, I'm sure they thought of that?
Here, a few answers:



My source: http://forum.skyscraperpage.com/show...77316&page=287
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Old April 25th, 2014, 12:39 AM   #11399
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It is worth to be noted, that the article about the taxes posted, doesn't state that there is somebody pushing for raising taxes. What it states is that ultraexpensive apartments are not paying what they should at the current tax rate, because they are getting huge tax abatements, lowering the taxes they should pay, in some cases to an extent of 96% (meaning they will pay only 4 cents for each dollar they should pay)

Anyway, all that thing that if they don't have those abatments they will not buy those apartments always has sounded like an extortion to me. Indeed, they don't seem to bother paying 100 million dollars for an apartment, just because it is located in the hearth of Manhattan. (in other places of the US they can get an apartment like these or bigger, or maybe a mansion with a huge lawn with private pool an tennis court, for a fraction of the price) They neither seem to bother to pay more for a mandatory combo of amenities, than what they will pay for taxes (without the abatements) even if they will never use them, as the article states.
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Old April 25th, 2014, 12:49 AM   #11400
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Quote:
Originally Posted by j-biz View Post
Excuse me while I hop up here for a minute.

The rich do just as much harm to this city as they do good, let's not kid ourselves there. Same goes for the whole country. No doubt they make up a huge portion of the tax base, but they're also the ones that drove us over the cliff in '08, and countless times before. People like to cite a lot of anecdotes as hard evidence that the billionaires are saving us all, but it's only half the story.

Now, I'm a skyscraper nerd so I love these new towers. But I also know that for every luxury high rise going up on 57th street, somebody is getting pushed further out from the city center, the jobs, and the resources. There is a ripple effect that is felt all the way out in East New York, Hempstead, and the Bronx. I'm not laying blame anywhere, the forces of gentrification are ancient and unstoppable. But it is important to acknowledge that there are always winners and losers.
Congress and it's plan to have houses for everyone drove you over the cliff in 08, not rich people
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