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StreetEasy

building at 245 East 87th Street

Started by anon5
about 17 years ago
Posts: 2
Member since: Jun 2009
Discussion about
Does anyone have any insight into why this building has so many units for sale? Any rational for the high maintenance? Seems that there isn't much movement in closing on these sales. I am considering a purchase in this building. Any information would be greatly appreciated.
Response by ues09
about 17 years ago
Posts: 1
Member since: Sep 2009

I live here. Seems that a lot of the people are moving due to changes in life circumstances (ie retiring and moving out of NYC, outgrowing the space due to children, etc). Don't think any of the sellers are having financial problems as the reason for selling. Maintainence is on the high side, but does include all the utilities. On the plus side, the flip tax is very low (about $1000-1500 total), depending on the size of your unit. Overall, this is a very well maintained building with strong financials, friendly staff, good location, nice neighbors.

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