Elliman takes over Tribeca penthouse listing that passes the McDonald’s smell test

Developer has struggled to sell unit after past complaints over truck fumes

TRD NEW YORK /
May.May 29, 2013 06:30 PM

The five-story condominium building at 8 Thomas Street in Tribeca doesn’t have golden arches. But the complex has been linked to McDonald’s in recent years, amid residents’ complaints over the smell of exhaust fumes from delivery trucks parked outside the adjacent fast food restaurant at 317 Broadway.

The supposed smell has made it difficult for developer Anand Gajjar to sell the building’s duplex penthouse, where he lives with his wife, Rita.

The couple, who has struggled to sell the unit, is now turning to a third set of listing brokers, Toni Haber and Steven Kramer of Douglas Elliman, to market the three-bedroom apartment. The 3,197-square-foot condo will hit the market tonight with an asking price of $5.399 million, Haber told The Real Deal.

Previously, Timothy McCarthy of Stribling & Associates listed the penthouse for $3.995 million in 2009. The couple decided to live there and pulled it off the market in February 2010.In February this year, Laura Moss of Brown Harris Stevens stepped in and listed it for $5.995 million, StreetEasy shows. The three other units in the building have all sold.

“Each individual property needs a very specific way to market it,” Haber said. “Do you need to de-clutter and adjust the price? The owner said it wasn’t getting a lot of activity.”

Brown Harris Stevens was not immediately available to comment.

In 2009, residents of the Thomas Street building — Between Broadway And Church Street — filed a petition to the local community board and McDonald’s headquarters that called on the chain to relocate its unloading spot, which allegedly blocked access to other cars, as previously reported.

However, the trucks rarely park out front to unload food and supplies anymore, instead lining up along Broadway, eliminating the noise and exhaust issues, Rita said. She said she never smelled the odor.

Indeed, when TRD visited today, the apartment did pass the smell test: It was free of unwanted scents.

The unit has a family room library that can be converted into a fourth bedroom. There is also a 1,000-square-foot rooftop terrace and, for $300,000 extra, a 1,000-square-foot wine cellar and game room in the basement of the building, Kramer told TRD.

Ashnu International Corporation, headed up by Nayan Parikh, led the building’s $1.6 million conversion to condominiums in 2007. Architect Jarvis Morgan Slade designed it Victorian-style in 1875 to house a soap manufacturer, the David S. Brown Store.

Correction: A previously published version of this article said the couple struggled to sell it for three years. The couple took the unit off the market between February 2010 and February 2013.

 

Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

From left: Douglas Elliman's Howard Lorber, Halstead's Diane Ramirez, Corcoran's Pam Liebman and Warburg Realty's Frederick Peters (Illustration by The Real Deal)

Layoffs and furloughs hit NYC’s biggest resi firms

(Credit: iStock)

Strong quarter for Manhattan home sales belies current struggle

LA resi leaders predict “pent up demand” post-coronavirus

LA resi leaders predict “pent up demand” post-coronavirus

NYRAC's Heather McDonough Domi and Compass' Leonard Steinberg (Credit: Compass; Steinberg by Gonzalo Marroquin/Patrick McMullan via Getty Images)

Broker group asks StreetEasy to stop counting days on market

(Credit: iStock)

Rental concessions are on the decline, but the size of incentives is growing

arrow_forward_ios
Loading...