The Eastmore
Started by Arfie10
over 15 years ago
Posts: 10
Member since: Mar 2010
Discussion about The Eastmore at 240 East 76th Street in Lenox Hill
Does anyone know whether this building requires board approval? There are two 1 bedrooms on the market. Neither are sponsor units. The broker for one says there's NBA while the broker for the other says there is indeed a board package. I'm confused! Help!
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Arf -- *Pretty* sure that an application (with financials) is required, but there's no interview. Check directly with managing agent (Rose Assoc 210-6666) to be sure. Also possible that one unit is "Unsold Shares" even if not a "sponsor" unit, so can be sold without even board approval.
does anyone know if the traffic and students on the block are a problem, during school hours?
To the best of my knowledge, this building is a condop converted back in 1991 along with a number of then Rose-owned buildings. The residential poriont is a co-op, but has condo-like rules re admissions. which means the board has only a right of first refusal, not discretion to accept or reject buyers in its discretion. There can still be a board package, with financial info required in this situation, though not a board interview.
There is definitely alot of noise on this block from the bar across the street. The Stumble Inn has caused many problems for the residents in the area. Fights among patrons erupt and the window at the pet store was broken due to someone flying through it from a fight.
love this building. 850k to 950k for 2bd and 2baths, while 2/2s in newer buildings (isis, 255 east 74th street, Serville, etc.) next to it run in the range of 1.8M to 2.5M. Great deal in that part of UES.
Can anyone share the financial requirements of this building? How much cash after closing, max DTI? Thank you.
Does anyone know if this is a land lease?
It's not a land lease. The co-op owns the condo's residential unit, which is 95 or 96% of the whole thing. The three other units are for retail, office, and garage.
Does anyone know what lender does most of the financing in the Eastmore?
Is there still noise from the Stumble Inn across the street, or from the school kids?