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There does indeed appear to be a rat problem. It also looks like there may be repair work needed on the facade, which can be expensive. On the plus site it does look to have low utility costs.
You can see this information by searching for the building on Revaluate
That about says it. The gist, from reading all the depositions, seems to me to be that the co-op thought the sponsor would settle pretty quick and give them something. That didn't happen. Two years later, the sponsor is fighting tooth and nail, and the co-op's legal-fee billings are almost $600,000. This in a co-op with hardly any reserve fund to begin with.
It's too many thousands of pages to get through it all, but go to eCourts, then do a party search for Frost Equities for some good reading.
No cell phones in the common areas is a funny one.
The co-op has no case, right, NWT? This seems like a basic, "we don't like that the sponsor has 30% of the stock through we know what the consequences are" situation.
The litigation between the sponsor and the co-op continues. Here's a "Joint Statement of Material Undisputed Facts" by the parties: https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=i/daSHop8RKlzXa6ABQ3JQ==&system=prod
Interesting price history on some of the apartments for sale.
lets talk about hfscommm1.
you were rejected by a goldfish?
until I joined the fraternity I did.
Outsiders can not park in this building so your question is limited to commercial parking lots. Try Pier 40.
Does anyone else know of any other self park buildings in the area?
Real Estate agents have erroneously telling prospective buyers and renters about garage spaces. The garage is very small and there is a long waiting list. No outsiders are allowed to rent and shareholders have absolute priority over subletters.
No one can access the storage area easily and few people know about it
And the storage area is for luggage.
Actually you are wrong. It is now $300 and tenants get priority.
The garage rental is over 400.00 and it is not for tenants only. There is also no storage area, you may wish to correct these comments.
are you close with bill Jackman?
I don't have data, but as much looking as I've done in both places I can tell you that upstate doesn't compare to the Hamptons in terms of price appreciation. Ask Bill Ackman: hes been trying to sell his estate in Chatham for about five years now.
Well this is a message board aboutready, so Fieldschester and greensdale can certainly reply, as can anyone else. That's the way message boards work. Good to be with you on the Streeteasy message board Aboutready.
Why don't you ask Fieldschester? Or greensdale? They seem interested in that market.
Can anyone provide data on price appreciation in the Hudson Valley vs. in the Hamptons? For vacation houses.
>I am opposed to anyone receiving public assistance except in unusual situations where someone is truly in need.
What about people who pay no taxes on their income from municipal bonds?
I am opposed to anyone receiving public assistance except in unusual situations where someone is truly in need. That includes rent stabilization, special tax deductions targeted towards specific groups, 421a, and on and on.
Also, public assistance should be clearly funded, so the taxpayers/voters know how much it costs. The rent stabilization program is funded through a hidden tax (tax breaks for owners of stabilized buildings resulting in higher taxes for everyone else). Someone would be hard pressed to define the exact cost of rent stabilization to the taxpayer.
Or take that $88,000,000 apartment at 15 CPW. They save $68,000 per year in RE taxes via a 421a abatement, intended to incent development in slummy neighborhoods.
Lots of public assistance isn't based on need. The tax code is full of them. E.g., my living in the RE I own throws off about $42,000 per year in tax-free income.
Is it OK by you that there are no income limits if the rent is below $2500/month? How can it be a public assistance program if it is not based on need?
Also, I will add that for some reason they photoshopped a bunch of furniture into the pictures.
Carlyle Ebanks is listed as an owner of this home. See article on him below.
Not sure if there is a connection, but a lot of names pop up on ACRIS for this property. Not clear who actually owns this place.
oldgreyhair: You are ultra-fab, or as we say here, FABOOOOOOO..................
Actually more usually like: "when can I see it?". "Oh, I guess tonight, but I need to change my plans". "How much do you want?" "$x". "Oh that's too much because, you see, I am just a wheel spinner and a looky loo who really hasn't been properly qualified and doesn't have a pot to piss in anyway." LOL!!
"why yes I do have a studio I'd like to sell" "good when can I come see it?" "how about tonight?" "excellent see u tonight"...tonight:"I'd like to make you an offer and here it is" "hmm here is my counter""hmmm I accept".....seller"ok please have your attorney contact my attorney and see you at the close"
$60,000 in commissions saved. That's alot of money.
nice schiroky....that's the way to do it. btw, i love Turtle Bay neighborhood
does any owner want to sell their studio or one bedroom apt to a buyer directly?
Landlord sued one tenant: https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=aWY_PLUS_LranEwyNIrkJZwGydg==&system=prod
The tenant's answer: https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=qCcaMiX6_PLUS_8Ksa9c6UnCE2g==&system=prod
Litigious landlord. Beware
Here's another one that's been sitting awhile: http://streeteasy.com/sale/1129471-coop-555-park-avenue-lenox-hill-new-york
Not really a maisonette, as it has no separate street entrance, but one of its back doors is just a few steps from the building's service entrance.
No idea what that kind of thing goes for.
I was off on the 778 history. It was first offered in 2008 at $24.5 million.
As bfgross said, limited product and limited market, so if you're looking for one it's a guess.
NWT: Where would you price them? 1001 and 830 are sitting empty right now, so someone's losing a lot of maintenance. 941 is currently occupied by a doctor's office, but I don't know if they own or rent. Isn't it preferable for the building to have residential units over doctor's offices?
Buckley's place is amazing, but is another caliber of apartment and building. Maybe that's what 1001 Park is using as his comp? I haven't really been able to find a good comp for these either renovated or unrenovated.
Look at the Buckley's old place at 778. The bargain of the building, but didn't sell until they'd chopped it by almost a third:
03/23/2010 Listed by Brown Harris Stevens $12,000,000
09/17/2010 Price decreased by 17% ↓ $10,000,000
12/14/2010 Sale recorded $8,750,000
The maisonettes at 135 E 79th are bigger than most of the other units, but sold for less than smaller units there.
Each of the three for sale has its own drawbacks. E.g., 830 is half in the cellar, where you'd be looking up at the sidewalk through grates. They're sitting because priced too high. No telling what they'll eventually go for. The co-ops might give up and go back to renting them to doctors.
great building and still uner priced !
all 7 in a contract.... within one month .... it means all 7 units were underpriced
Yes , it is!
2 br 2 ba was priced 630-700k in 2008 , and now its 950k-1.19 mln in Harlem!
But isn't this in Harlem?
SO. If you live in this development, can you chime in on things like safety (our biggest concern), where you go to dinner, and community?
Alan. Community isn't about the housing stock, it's about people. I live in a gorgeous building now, where people barely make eye contact.
I need a bit more social connection than that.
PS -- It's not a community -- it's just a massive suburban tract-condo development.
It's still a mess of polyvinyl chloride, with horrible front lawns (mandated by HOA), creepy little windows, et cetera. They were smart enough to berm up the ground before building, so it didn't get Sandy-slammed (and even kept electrical power 100%, I think). But of course the Peninsula and transportation were still a mess, with impact on that middle-American looking tract.
All that said, the beach is spectacular at that particular stretch.
Another phase is being built a bit to the east of the existing subdivision, now that Boardwalk Empire is gone.
Any updates on this community?
Generic and cookie cutter at best. Who cares???
Apparently, this is no longer available as it's been rented.
Regrettably, I can not agree with NYCMatt on his comments about neighbors and electric fences.
I cannot for the life of me figure out why anybody would want to talk to his neighbors. Or, worse, have his neighbors talk to him.
Electrified fences make good neighbors.
We recently moved to Park Slope, great neighborhood and community.
front_porch is right. The friendliest building have a lot of shared amenities. OR when neighbors are rallying around a common cause and holding building wide meetings.
I lived on the West Side for 30 years and found it more difficult to meet neighbors as time went by and my children entered high school/college. Also, neighbors moved when they had empty nests.
I moved to the East Side to be closer to my friends from my church. I just started a social group at church for people over 40 (although most are over 50). We've had 2 events and the group is taking off dramatically because so many people feel disconnected from their neighbors, especially if they've moved from the suburbs. A number of other religious groups are seeing the need for social groups for older people not quite ready for geriatric groups.
Have you tried engaging in activities specifically related to the West Side, such as the Community Board and parks? You can become members of certain committees of the Community Board by attending a particular number of meetings in a row.
IME the friendliest buildings are ones with a lot of shared amenities (so that neighbors have a chance to mingle). As far as neighborhoods, I think there's almost an inverse relationship between a strong community sense and convenience -- so the 'hoods that strike me as warmest don't strike me as central. You might want to look at Sutton Place, Sunnyside Gardens, the UES over by First Avenue (where I have a 2-BR, but it's under your price range) and Hudson Heights.
Abe Beam 4' 11.5"
Who was the mayor when they first allowed only 8 feet?
I thought LT had 8 feet ceiling, used to live there. But less than 8 feet no way.
Matt: Somehow I see you in a luxurious pre-war coop with 10' ceilings. Right?????
My husband is 6"2" and felt uncomfortable with Lincoln Towers ceilings which are about the same, though clearly plenty of buyers don't care.
did u get a closing letter?
I see - thank you
I heard TCO this wk and closing after that .
Rental units have moving day - December 1st.
any update on TCO and closings?
Thank you for suggestion building case piece by piece documenting everything .Many people involved perfect storm for justice Thank You Charlie
>If anyone walk by the building you can see cracks in the facade I suggest looking at the porches and the fire escapes use you best judgement are they safe?
Charlie, call the DOB, and then call that guy who does the Shame on You on tv.
If anyone walk by the building you can see cracks in the facade I suggest looking at the porches and the fire escapes use you best judgement are they safe? In opinion no or walk in ask the staff about the deluges of water flowing thru the elevator shaft for many years that how I know and when goes I am sure they will not perjure themselves for Grogan or our board they now have orders not to tell the unit owners of any problems or make less than they are the large amount of water coming thru the elevator shaft would explain roof issues any damage to shell foundation installation found in main sewer line electrical machinery issues damage to porches and fire escapes there are goverment agenies notified and agenies that check that check the inspections winter is here to late for major rehab if any dies or hurt badly I believe that is criminal in my opinion not being a lawyer especially with all the notification I have given at this point I am sure justice will be done besides the actions I have mentioned there are quite a few surprises Thank You
Goes to court they will not perjure themselves
He moved as fast as his legs could carry him. With possessions, that probably took weeks. Reminds me of a Portlandia episode. Probably later took him months to move to the ever so desirable neighborhood of Washington Heights. Matt, that neighborhood trend spotter, timing is everything.
"I lived in Williamsburg for 9 months when I first moved to NYC."
... but shortly thereafter the tunneling for the L train was completed and the neighborhood began to change.
It's a great area , as long as you are near the subway of the East River
I lived in Williamsburg for 9 months when I first moved to NYC.
My excuse, at least, was that I was new to the city and didn't know any better. But I wised up pretty quickly and moved to "real" Brooklyn as fast as my legs would carry me (Brooklyn Heights).
I agree with alanhart. Williamsburgh is not New York. The people from Williamsburg, unless they had no choice, are people with inferiority complex who couldn't figure out that Williamsburg makes them even more inferior, not the opposite.
There 's absolutely no comparing this property (used to be the old Taft hotel) and Parc Vendome, which has really beautifully laid out apartments, even the studios. Here, at best, they have combined two tiny hotel rooms to create a "one bedroom," lacking a foyer and any semblance of "home." Parc Vendome is a fabulous home -- this is a cheap conversion in a very touristy part of the city.
I agree with nforesto.. It blows my MIND that people don't try to take advantage and hire the most experienced broker in NYC for their search. ITS A FREE SERVICE! Maybe you could get away with going to the listing agent in any other city in the US.. you actually probably could. But why risk it? Purchasing a home is one of the biggest purchase/investment you'll ever make. The listing agent can't protect that or even help you in that sense. With 47,500 buildings, 25,000 agents, 10s of thousand of different co-op boards, legalities, taxes, this, that, etc etc etc!!! it should be a no brainier to hire the best buyer's broker NYC has to offer. Building looks alright. I'd rather go to parc vendome though.
If you are all having trouble contacting a seller's broker. Why not consider contacting an experienced buyer's broker?
Working together with a buyer’s broker to identify, view, evaluate, negotiate and acquire real estate in New York City is completely free of charge. A buyer’s broker is legally obligated to the buyer’s interests exclusively and an intelligent and diligent buyer’s broker will streamline your search and guide you through the entire purchase process.
Though it has become easier than ever to open your favorite search engine and navigate through countless real estate web sites and advertisements, it’s important to note that according to New York Real Estate Law, seller’s brokers are only obligated to the seller. Often it is the information omitted from advertisements that happens to be the most important.
Price reduced $50,000 about 16 months ago
610 days on market in StreetEasy
Above are the stats on apt 803. This is the cheapest one at 475K. If in fact it is difficult for financing, why paint yourself into a corner. IMO, not only does this not look good, would you want to actually live there? The fact that the agent does not respond to a potential client is a strange red flag. It looks like a dismal situation all around.
@ Howard35: You asked me whether I tried stopping by her office. To answer your question, ... No I have not stopped by her office. I was wondering whether there would be any point to that. If she cannot answer phone calls or emails, what chance do I have of getting to seeing her? In any case, I live outside NYC and unless I can get an appointment to see her, it would be a wasted trip for me.
>HDFCs never become private because of restrictions in the building's deed.
Things change. Laws are passed. Illegal aliens vote.
HDFCs never become private because of restrictions in the building's deed. Find the property's deed and it's very clear what the property can be used for.
Oh no, aboutready called me "so derivative". That's deserving of a slap: http://hiphopwired.com/2014/11/10/man-slaps-fire-woman-clowned-8-ball-jacket-brawl-ensues-video/
Like every building a buyer is considering each one must be analysed individually and it's not helpful to generalize. Some HDFCs are managed very badly and have very weak financials. Some are well run and have excellent financials and community culture. They can be both excellent as an investment and a place to live, depending on the price, location and financial health.