The Real Deal New York

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
By Mark Maurer | May 29, 2013 06:30PM

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.

  • JB

    It’s not selling because that living room is an attic.

  • hello

    Its an ugly space…Dont blame mcdonalds for your gross taste

  • Robinson Perkins

    8 Thomas itself is an architecturally distinguished building and the apartment’s spatial qualities are dynamic; however, the current design is so lackluster and gives no consideration to what it can be. Needs a total redo. Should trade around $3.4M.

  • heynowrealestate

    This hasn’t sold because of the Big M. That’s math NOT McDonalds. This listing was not marketed properly and it was over priced. There are 83 McDonalds in Manhattan. 83. Why would this apt be the only one to suffer because of its proximity to 1 of them? If McDonalds has been the problem here – it would be the problem with many sales – and that would make this a regular issue. But its not. Let’s move along people, nothing to see here….

  • Jj Frank

    articles like this are proof that the new realtor is doing her job.

  • LadyLucky17

    The reason why this place hasn’t sold is because its way overpriced.

  • Djerdan

    Oh, boo-hoo for Anand Gajjar. The guy is just about as bad as they come. He bought a previous property where he lived for $650,000, and turned around and sold it for just under 6 million 12 years later, totally destroying the lives of his honest, loyal tenants in the process. He forced them out through lies, harassment, and manipulaiton, not caring what kind of addiitonal hardship and grief he added to their already trying lives, all in the name of the mighty dollar. He also brought in a crew of illegal Mexicans from Texas (his father’s workers) when he initially boought the property, and have them staying in the building, working at all hours of the day and night. One of the workers was seriously harassing the female tenant living alone in the building, banging on the door all night, saying he loved her and wanted to sleep with her. When the tenant reported this to Gajjar, his response was simply, “Well, at least they’re not Puerto Ricans. They won’t actually rape you.” What a piece of garbage this person is.