Franklin Place

We're always hearing about big-ticket condo buildings selling out–or nearly so–almost as soon as the first shovel hits the ground. While there's plenty of proof that preconstruction purchasing is a way to get in on the ground floor–so to speak–of a building whose value often skyrockets as soon as its elegant, move-in-ready homes hit the market, handing over a pile of cash and/or a big financial commitment based on a glossy brochure is still a huge leap of faith. Case in point, the New York Post brings us the tale of a buyer who took the leap for a $1.39 million Tribeca apartment with sweeping city views–and landed a pad with views of the brick wall next door.
Find out what happened