Sale at 333 East 14th Street #4N

i think this building, in general, it low rent and don't understand why people pay money for the studios. in general, if they are in the front of the building, they don't get light.

i went to an open house at this building at one of my weaker moments. honestly i thought it was a pretty good price for the area/space but really don't want to live in a post-war building. the unit i looked at was in the back and was very quiet (surprising). the apartments are spacious but have lowish ceilings and i think you can easily wall off the alcove for a true one-br. i looked at 5N. i tried to find out about discounts for the parking garage but got weird answers, i think they just discount you the tax, not much of a benefit.

I own an apartment in the building and can tell you why it commands higher prices. It is a fantastic place to live with some of the most interesting and accomplished people in NYC. It is a true community of residents who care about the building and the neighborhood. That is not to mention that the studios and one bedrooms are huge for what they are. Also, the corporation owns the unsold sponsor units which, although they are mostly rent stabilized, can occassionally be sold to fund improvements. For example, we just redid the hallways and lobby without a special assessment to the shareholders. This is a great feature and also means that we don't have a sponsor running a rental operation out of the building. I have lived in several apartments in the city since moving here 20 years ago, and can say this is by far the best place I have lived.
By they way, meagle, I live in the front of the building, and my apartment gets so much light that I have blackout blinds installed so I can close them on days when I want to sleep in.

If you are interested in the building, be sure to ask about its bedbug problem.

Tell me about how to get more info about the bed bug problem please!

I have lived in the building for years, have no idea what Turtlebay is talking about and have heard of no such "problem," but if you want to know, why not just ask management?

There is a new law that requires disclosure: http://www.nytimes.com/2010/10/17/realestate/17posting.html

Hi,

So has / does this building have a bedbug problem? If it has had problems in the past, has the situation been remedied?

Bed bugs = deal breaker for moi.

Pardon my French.

Thanks!

Ditto Turtlebay1: the law requires disclosure and from what I've heard, they do their job.

CoyWolf don't listen to the trolls. Just ask management (Jordan Cooper). They're required to provide disclosure. I have lived here for years and trust me, I would NOT stay in a building with this type of "problem."

@ayton, I am interested in a unit in this building, but would like some concerns to be addressed. I noticed that the maintenance is somewhat high and heard that it there will be ~$200 monthly assessment for about two years. I noticed that Stuyvesant Owners Inc is the entity responsible for 333 East 14th St:
https://www.unionfacts.com/rd/02-RD-145430/Stuyvesant_Owners%252C_Inc.

However, that make me more worried about the maintenance because I noticed that the entity was judged unfavorably in a lawsuit and all those fees might not be represented in the current maintenance since the case was recent:
https://law.justia.com/cases/new-york/other-courts/2018/2018-ny-slip-op-51030-u.html

How much of the current maintenance is tax deductible? How much is the suit against Stuyvesant Owners Inc going to effect the maintenance in the future?

@jaq, I can’t provide any information on the litigation, but the main purpose of the assessment, to my knowledge, is for new windows in the front and back of the building. You might try seeing if your broker can get in touch with the managing agent, Jordan Cooper. They may be able to give further information.

Regarding tax deductibility, it varies from year to year so I don’t know the current percentage. The co-op no longer has a mortgage though, which is great for longer term shareholders but carries the short-term downside of lower deductibility.

All other things being equal, that is.

the litigation has been amicably settled and is a non-event. re: tax deductibility, the coop's CPA issues a letter for shareholders to calculate tax deductibility based on shareholder's # shares, etc.