Trump World Tower
Started by PacitaPhilipps
almost 16 years ago
Posts: 1
Member since: Apr 2010
Discussion about Trump World Tower at 845 United Nations Plaza in Turtle Bay
Units have a special assessment that relate to costs of securing a current RE tax abatement but the major difference is the assessment isn't tax deductible while actual RE taxes are. Any views on whether this assessment has reduced values? Also, while fairly new, the building does not meet FNMA guidelines for anyone interested in seeking a conforming loan for any part of the purchase price which reduces marketability since a buyer would like to maximize financing options (regardless of how well heeled that buyer is). Does anyone have any ideas of comparable buildings that are relatively new and that actually meet FNMA reserve guidelines.
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It is difficult to imagine this would have been done if it were not to benefit the purchasers.