building at 45 East 89th Street

does the price reflect a discount for this risk/hassle/issue?..if not, aren't you glad to not go forward

The banks have changed their guidelines and many decent buildings just have not kept up. It costs very little to raise the insurance to acceptable levels. Recently i had this problem with a unit i was selling. I called and emailed the managing agent who was handeling the building pointing out that no one in the building would be able to sell unless this was taken care of. He fixed the problem with in 24 hours and the mortgage was given. good luck

Got it. Thanks very much for the color.

I represent the sponsor and managing agent for 45 East 89th Street. This building has never had problems with purchasers obtaining financing since it was converted to a Condop over 20 years ago. In the past 12 months the following financial institutuions provided financing to financialy qualified purchasers at 45 East 89th Street. CITIMORTGAGE,JP Morgan Chase Bank, Wells Fargo Bank, Apple Bank for Savings and First Republic Bank.