[ARA] 2021-02-18 Project Call

Recording

Part 1

 

Part 2

Files

125 Court spreadsheet

https://docs.google.com/spreadsheets/d/10-UWEgXR1c7jxQiM0i3B4GwY_lwLyYJh1B6ON_qk8VY/edit?ts=602d6fff#gid=541382347

Adobe

https://workflowy.com/#/ef7fddad2cb5

RYD webinar

https://drive.google.com/file/d/1a044xxEbqw2jAGenqsJh9uXDj2cL7kkE/view?ts=602e84ab

Notes

20210218 ARA Project Call

  • Celebration
  • Homework
  • Habitat
    • Taruna
      • Options
        • Current apartment building
        • 125 Court
        • Another option TBD
      • Legal advice
        • Bill Sachs (make sure he does tenant-landlord relationships, very different from other real estate)
        • Taruna’s contact:
        • Review copy of the lease – their expectation is 48 hours
      • Overall strategy
        • We have secured a viable option
        • Now can we improve on it?
      • Taruna’s perspective
        • Legal document is often more constraining than practice (e.g. more flexibility in COVID)
      • JB suggestion
        • Look at other places
      • Taruna
        • Rental buildings
          • Similar tone of most buildings
          • Concessions for year 1 only?
          • JB suggests focusing on rental buildings
          • T: Were there any B contenders on existing list?
          • JB: expand the neighborhood: Park Slope, Crown Heights (Fairy), Prospect Park, Carol Gardens, Cobble
          • JB: expand to larger buildings
          • Budget: 1 bedroom, around $4,000; wifi
        • Brownstones and coops
          • Simpler financial structure
          • More variation in quality of services
    • Court Street is first stop into Manhattan
      • Hedging: post-pandemic; subletting
  • Marketing
  • Finance
  • Adobe esignature process
  • Homework
    • Email leasing agent
    • Forwarding lease
    • Visiting more places
    • ARA to revise slides
    • Respond to JB esignature