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It has come to attention some of the brokers selling this building like to lie about having other competitive offers or interesting buyers. This might be a relatively common trick but potential buyers should be more careful of falling into traps. In general the price of this building is going downward due to its increasingly higher monthly maintenance catch up. Every one should check actual sold prices for evidence. Don't be fooled by the listing price.
thanks for the tip. too bad they have to resort to that. It's a big turn off for me.
Doesn't this Bldg. also have a huge flip tax?
HI poorguy, could you please provide more detail how you know they are going to increase fee for catch up? I just send my offer and really need to know more information.
Super7, you can check past couple of years for maintenance and you will notice this building has a higher percentage of increase than buildings nearby, despite its amount is lower. And due to its lobby upgrade and etc, this is going to be the case and hence you can see the price is going down even though the overall market has been strengthened.