Skip Navigation
StreetEasy

Beware -- a broke building

Started by LoftLess
over 14 years ago
Posts: 1
Member since: Apr 2012
Discussion about 105 Fifth Avenue #9C
We looked into this building, but backed away when we saw that they had spent their entire reserve -- and had a huge special assessment just a few years ago. They have a rather large mortgage on the building, and are apparently increasing it. Our attorney said if we bought, we should be prepared either for large assessments or the slow deterioration of the building. Things might have changed, but bottom line -- get the financials.
Load More Comments

Add Your Comment

Most popular

  1. Cost to Build Affordable Housing
    29 Comments
  2. Ken Griffin is upset with Mamdani
    28 Comments
  3. Real estate or Bitcoin?
    3 Comments
  4. Towers on the Park
    3 Comments
  5. 23 west 116th street Manhattan
    33 Comments