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http://www.cpnonline.com/cpn/content_display/regions/northeast/new-york/e3ia9dec6e36d9df174506a37397d1a93d5

Holliday Fenoglio Fowler to Market for Sale Manhattan's Apartment Building
July 10, 2008

The New York office of Holliday Fenoglio Fowler L.P. has been named to market for sale Riverbank West, a 44-story, 418-unit luxury residential building in Manhattan s West 42nd Street Corridor. The building is located at 560 West 43rd Street in the West 42nd Street corridor. The property has a private driveway and plaza and 85 percent of the apartments have balconies.

User Responses
From: Anonymous	Date: 09/02/2008
I still think it is hilarious when they refer to this building as "luxury". This is the sh*ttiest luxury builing in New York!
From: Anonymous	Date: 09/04/2008
I think its a decent building, good maintenance, nice upgrades. Besides, in this commercial mortgage market any buyer is not going to change anything with the building except raise the rates(and the rents already are up there). I anticipate a sale taking quite a while, if it happens at all. If sold, in today's market--they will keep it rental at least for a few more years. I agree with some of the gripes posted, but honestly it is a decent building for the price.
From: Anonymous	Date: 09/11/2008
Definitely not a luxury building. I lived there for years, and ever since new management took over, it went from luxury to trashy. The decor is awful. And what was up with the squishy new tiles in the mail room? Getting rid of the storage room was a huge mistake. The eternally buckling wood floor tiles in the apartments, aside from being a hazard, were no longer repaired. (BTW, I moved to one of the Archstone buildings on the West Side -- same floor tiles, no buckling. So, no, this is not "normal" for this type of floor tile.). The new personnel in the valet office were offensive to the tenants. Garbage was left to rot on the sidewalk outside the building each week, making the sideaalk impassable and unhygienic. The building's private access to the Crunch gym was closed. Given the building's obvious location problems (43rd street between 10th and 11th becomes a traffic nightmare on weekends, Rescue Company 1 (bless them) is located right nxt door, and there is a police station on 42nd between 10th and 11th, so sirens are constant), the perks of a luxury building need to be there to make living at Riverbank West worthwhile. Brian Sanchez had the opportunity to resolve some of the problems Riverbank West had faced for years (bad floor tiles, old appliances, rude maintenance staff. Instead. believing that the building was populated by tenants who were beneath his social standing, he saw to it that every advantage of a luxury building was removed forthwith. In doing so, he alienated tenants, many of whom were clearly willing and able to pay more for the amenities afforded them elsewhere. If the goal was to turn Riverbank West into yet another of Manhattan's illegal hotels, I wish them luck. The city is cracking down on those, and I suspect their days are numbered.
From: Anonymous	Date: 10/19/2008
to the person that posted on 9-4-08: i don't know where you get decent building for the price. the rents are outrageous. my rent has went up 51% in less than 5 years. this is unacceptable for a lower floor in this building. if i had an unblocked view it would be a different story, but the rent increases are horrible for an excellent tenant who never complains to mgt and does my own maintenance.

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