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Sale at 360 East 72nd Street #A1001

Started by Insidewisdom
almost 8 years ago
Posts: 0
Member since: Oct 2013
Discussion about 360 East 72nd Street #A1001
The building financials deteriorated last 2 years with assessment to finance a badly managed and over budget > 1m lobby update, plus uncertainty of legal battle with grocery store downstairs further depleted the reserve fund. Another 3% increase for maintenance will kick in after new year and Additional increase in 2018 is almost certain. So, I would stay away from this building until it settle on the legal case and rebuild reserve funds.
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