Condo FInances/Assessments
Started by OnMadPark
almost 17 years ago
Posts: 52
Member since: Apr 2009
Discussion about Fifteen Madison Square North at 15 East 26th Street in NoMad
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OnMad, you claim to love this building but I'm wondering if there is something more going on. This is the 3rd thread you've started recently about the building with a negative theme. Are you thinking about buying in the building (I haven't gotten the impression that you are)? Or are you perhaps connected to another building in the area? If an agent warned of "financial issues" why didn't you ask that agent what he/she meant?
There was an increase in the cc's, it was nowhere near 50%.
Nothing nefarious. I do love the building, as a potential buyer -- and I'm sure you see the pattern in the threads (financing, assessments, etc.).
Don't take it as a negative -- take it as exploring.
And while blogs aren't reliable sources of information, brokers are worse.
The building has some unique issues, and the folks who likely know the most are those who already bought in. I get where you're coming from though, so on this one, let me say that I know NOTHING for a fact on this.
Typically, the developer/sponsor runs the condo board for the first x years. It would behoove you to do a quick google search or research on that entity to see if others are reporting similar problems.