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Loft 55

Started by newbieNY
over 16 years ago
Posts: 58
Member since: May 2008
Discussion about Loft 55 at 419 West 55th Street in Hell's Kitchen
The building has a 99 year ground lease. I believe the lease has begun very recently, but it is something that any interested party should be aware of.
Response by ekapit
almost 16 years ago
Posts: 8
Member since: Sep 2007

Does anyone know why the maintenance is so high in this bldg?

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Response by evnyc
almost 16 years ago
Posts: 1844
Member since: Aug 2008

It's a land lease. Land lease=high maintenance. See also: Battery Park City, 301 East 63rd Street, etc. You'll find plenty of discussions about land lease buildings if you search the board.

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