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Any information on this building ?
Why is everybody fleeing ?
Also maintenance seems very high
I don't know what's going on here, but I can only speculate it has something to do with the construction further west on 49th St (between Park and Madison)? Maybe some negative effect from that?
Well, the maintenance looks pretty high... Perhaps some recent event that drove it up?
It's an all-studio building, allows pieds-à-terre, allows parents buying for kids, and is in midtown, so you'd expect lots of turnover.
Lots of twenty-somethings in that building.
Also some U.N.staffers.
Building sold its air right to major developer who also bought building next door and other buildings on 50th street. Mega hotel building will be going up.
Judy2 is right- the building did sell its air rights for $5million and is in process of investing the funds. They plan to use the income to reduce the maintenance fees significantly.. At the same time, they are launching a building enhancement program (renovating the lobby, elevators, hallways, etc. bottom line - this building is in strong financial condition - unlike many others in NYC. Also - is not an all-studio bldg. All apts on the front of the bldg are 1 bedroom units along with 2 penthouse suites.