Property Grunt

Monday, February 20, 2006

What's wrong with this picture?

This is the new condo development the Windsor located in Forest Hills.

Besides the fact that the picture is crappy can you figure out what is wrong with this building? I'll give you a hint. Something is missing.

Figured it out?

There are very few lights on which I find very odd considering the level of prestige the Windsor represents.

I did some legwork and found out that this condo bulding is now open to residents since primary construction has been completed. But apparently not lot of people have moved in.

There are two scenarios that I can think of. The Windsor has been having trouble selling their units which I think is highly unlikely considering that sales commenced during the height of the boom and Forest Hills is considered to be very prestigious.

The second scenario is that an assload of buyers snatched up as many units with money on their mind with either flipping or renting the units. But now that the boom has ended these units are now vacant since they are very few buyers or renters. I did a search on Craigslist and there are 24 ads about the Windsor.

Those of you who are looking for bargains, perhaps this might be the place to go this spring.

Another interesting fact about the Windsor is their architect Ismale Leyva has a tendency of pulling a Mike Brady by using the same design as much as possible.