building at 250 Mercer Street

The maintenance is very high and keeps on going higher. Entrance stinks of dog pee as the little ones like the planters in front of the building.

These people have had this on the market for 3 years http://streeteasy.com/nyc/sale/508058-coop-250-mercer-street-noho-new-york

Crazy maintenance and faces LOUD broadway. Window AC. Dated renovations.

Did any one else notice the stink in front of the building? Health hazard!!!

Maintainence is higher than usual and is related to the high underlying mortgage. But it is 71% tax deductible, so you get more of a tax break. Most co-ops are 50% deductible. I guess that is a premium you pay for village living, nice views, high ceilings. Similar apartments in Georgetown plaza on 8th st would easily go for 150K more.

If the maintenance is high due to mortgage, why does it keep going up at 7-10% per year. Mortgage rates are only lower. I am guessing that the building has some large building repair and unionized staff cost.

You might also have a look at NYU's 2031 plan http://www.nyu.edu/nyu2031/nyuinnyc/growth/the-plan.php#

this whole neighborhood's going to have more construction before too long and at least the West facing apts in 250 will be affected. I'm guessing that's influencing sales.