09/08/08

Updated On 04/07/08 at 12:37PM

First sales close at 20 Pine



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



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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

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