First sales close at 20 Pine
April 07, 2008 12:37PM
20 Pine Street
The first sales have closed at 20 Pine Street, according to city records, a full two years after the sales office opened at the project, which is marketed by Michael Shvo. Christopher Beaudet, a managing director at Deutsche Bank, bought unit 2706 for $1.32 million. Unit 2505 went for $1.26 million, unit 2905 sold for $795,000, unit 2901 sold for $2.70 million and unit 2604 sold for $1.35 million. Speculation has swirled around whether the office conversion, designed by Armani Casa, has suffered from a lack of potential buyers or construction delays. TRD
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments
Anonymous
this building is hot, but 2 yrs is a long wait. and thats just the first units, i wonder how long before all the closings are done. anyone know?
Comment #1 Posted By: Anonymous 04/07/08
Anonymous
There is no one by that name at DB. I checked the directory
Comment #2 Posted By: Anonymous 04/07/08
Anonymous
he is a former DB employee
Comment #3 Posted By: Anonymous 04/07/08
Anonymous
what do you expect? it's marketed by shvo who is LIAR by trade. calling what he does "marketing" only makes it a white collar crime. All his lies are catching up with him. What an asshole.
Comment #4 Posted By: Anonymous 04/07/08
Anonymous
Moderator: Christopher Beaudet Managing Director, Deutsche Bank Christopher Beaudet has 15 years of experience in asset finance, with substantial knowledge of automotive and commercial finance companies. His asset focus has been auto loans and leases, equipment leases, commercial loans, and franchise loans. Beaudet headed the commercial finance ABS team at CSFB before moving to Deutsche Bank Securities Inc. in February 2000. He is currently the head auto and equipment coverage officer and is largely responsible for building DBSI into one of the top underwriters of auto and equipment ABS over the last several years. Key involvement in the BMW, Case/CNH, CIT, DaimlerChrysler, Ford, GECC, GMAC, Heller, Honda, Ikon, John Deere, Marlin, Newcourt, Nissan, Textron and Toyota as well as other major auto securitization programs. Beaudet has a B.S. in Economics from Rutgers University.
Comment #5 Posted By: Anonymous 04/07/08
Anonymous
Join other 20 Pine buyers at: 20pine.ning.com
Comment #6 Posted By: Anonymous 04/08/08
Anonymous
Q: What's worse than not getting into your condo one year after it was promised to you? A: Getting in now. The building is still a mess with no amenities, no neighbors, not even a front door. You're paying for a Ritz-Carlton and living in a Motel 6 under construction.
Comment #7 Posted By: Anonymous 04/14/08
Anonymous
Mr. SHVO is FINISHED IN THIS TOWN. He is not an asshole . HE IS A MEGA ASSHOLE !!!!!!! Poor thing. He tried. "Bright Lights Big CIty"
Comment #8 Posted By: Anonymous 04/29/08
Anonymous
Can the writer who posted this check the city records and give an update on additional closings? We have heard that the closings are not happening because appraisers will not valuate the property since the common areas are not finished.
Comment #9 Posted By: Anonymous 05/03/08
Anonymous
#7: Exactly. I am in a unit on a lower floor so it will be a while before I close. This used to upset me, but now seeing the state of the building AND having to pay property taxes until July 2009 -- I don't care if I am the last unit to close. It will still be 2 years before we have the amenties. I heard 15 Broad Street (also a Boymelgreen development) still doesn't have all of theirs more than 2 YEARS later!
Comment #10 Posted By: Anonymous 05/03/08
I heard the super at 20 Pine doesn't even speak English. He's Russian and doesn't know anything. My friend lives on one of the top floors and he said he had no hot water and went to the super who couldn't fix the problem.
Comment #11 Posted By: 05/17/08
Anonymous
According to one of the construction workers the building is going to take another year to complete. All of the amenities haven't even begone. I heard the 3 tenants who moved in are complaining.
Comment #12 Posted By: Anonymous 05/17/08
Anonymous
The same BS at 15 broad and that's been in the works for even longer, it's the same damn person who flipped 15 broad from Israel--huge debts and not enough equity to cover the costs of the building.
Comment #13 Posted By: Anonymous 01/27/09
Anonymous
I am told there are 78 units available for sale now. They are being brokered as a package for 74 million. Supposed to be worth about 125M.
Comment #14 Posted By: Anonymous 02/06/09
Pawan Parolia
I want to buy a condo at 20 Pine Street. any opinion that my friends can give me ?
Comment #15 Posted By: Pawan Parolia 04/05/09
Anonymous
HOW do I contact: Leading the marketing and sales for the building's condos and retail space will be Lori Ordover, Africa Israel's new managing director of sales and leasing.
Comment #16 Posted By: Anonymous 05/19/09