One Lincoln Plaza

wish I new hope someone comments..I thought it went condo 2 years ago.

It's 650 units. 20 of 650 for rent in a condo isn't high at all. What's remarkable is that there're only 3 listed for sale.

If you look at PropertyShark you will realize that the sponsor still owns way more than half of the apartments in the building. Some renters obviously bought when the building went condo, but a lot of the rent stabilized tenants obviously stayed. So, apartments don't come up for sale very often, and when they do, they are at inflated prices for what are basically small apartments in a great location.

Update from a disaffected owner: http://streeteasy.com/nyc/talk/discussion/30125-suing-our-condo-board-or-any-other-bright-ideas

30 Lincoln has some of the same issues The brothers whom run these buildings do not care about owners or renters. Buildings will always be subpar as long as they control the boards.

"Buildings will always be subpar as long as they control the boards"

Period. That is always the first thing to investigate when looking to buy. Unfortunate for those who bought in at the time of conversion when it was a lousy time for real estate. Look at all the new condos that shot up during that period, and even most of those sat dormant at that time.

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This building is a nightmare when it comes to constant maintenance issues and construction noise. Elevators are frequently out. Water is turned off at least once a month in my experience. We have two young children in a 2 BR and the constant constant construction prevents either of them from ever napping during the day. We will be leaving at the conclusion of our lease. I would strongly advise against buying renting if you have children or if you dislike constant construction and management unwilling to do anything. It's a great location but not worth the trade off.

Are the elevator issues getting any permenant resolution or just staying chronic disrepair?