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525 East 12th Street in EV

Started by Bernie123
about 17 years ago
Posts: 281
Member since: Apr 2009
Discussion about 525 East 12th Street in East Village
What do people think of this condo? I gather it's empty except one floor and when I mention it people tell me "run, run away!!!". But what are the real risks in purchasing in such as building, assuming a great deal can be had? Also is it true that a condo needs to be more than 75% sold for a bank to lend? If so what is the likely fate of these "zombie condos" - rental buildings? thaks
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