110 CPS developer and marketer giving to Central Park

buster2056: about 12 weeks ago

Besides the already high maintenance, this building is a land lease with no renewal rights and no rights to purchase the land. While there's about 88 years left on the lease, the terms are not entirely favorable to the "tenants." Rent increases are predetermined for the first 25 years of the lease, but in 2029, the rent becomes tied to the land value.

Crashwait: about 12 weeks ago

The maintenance is so high because the entire building is being re-skinned. The developer and builder totally F'd up the work and left many deficiencies in the facade and terraces. The building leaks like a screen door. The work will take another year, after 2 agonizing years already, and the lawsuit probably another 5.

HarlemFF: about 7 months ago

Love this building and neighborhood

concernedbuthopeful: about 11 months ago

The building is very beautiful , though the maintenance is absurd

anonymous: about 6 years ago

why is the mainentance per unit on 110 cps is very steep.?

anonymous: about 6 years ago

Also sets a nice example for those moving in to follow.

anonymous: about 6 years ago

That's very cool. I hope they start a trend. Others could certainly contribute to nearby parks, or greening efforts. Those who are developing in "emerging" neighborhoods could do the same, focusing on locally relavent issues.

ms: about 6 years ago

From the New York Times: Anbau Enterprises, the developer of 110 Central Park South is giving 1/2% of each condo sale, as is the Sunshine Group who is selling the converted units, to the Central Park Conservancy.

"Where Central Park Spreads Its Green Carpet [NY Times]":http://www.nytimes.com/2006/06/25/realestate/25window.html