That was fast...

Normandy, no board approval, nice layout, wraparound terrace ... I hate to say so, but it sounds like a good deal at asking price. Too bad it doesn't face south for ideal tomato-farming.

Toldya. That's why I splurged for a taxi ride to the OH last weekend.

Tell.

From last Sunday -
"160 Riverside Drive, PHG, Normandy. One of my all time favorite buildings on the UWS. I've always wanted to visit the penthouses, and now I have. Great, great bones. I was practically hyperventilating over the white oak herringbone floors and the original tiled baths (why did they remove the kitchen?) According to the Orsid broker (I found her pleasant), this C6 apt has been inhabited since the building opened by a man who recently died in his 90s in full RC glory (rent was said to be under $500). This would account for the condition of the bathrooms - the tilework & fixtures are totally recoverable. Orsid has a relationship with many old-time UWS building sponsors, 140RSD, 322CPW, 171W71, Aldwyn, for example, and so doesn't have to work to get these listings. This is a sponsor unit at 3.3m, I predict it will sell soon close to ask. The wraparound terrace (no room for dining), low parapet, great northern view of the Hudson and skyline over lowish THs (from 87th-90s). The dining room & kitchen & maid's room (long and rectangular but usable) + larger than average maid's bath face north (best view, IMO) while the LR faces south. You don't see the views unless you step on the terrace."

I so totally would've bought it if it had better tomato light.

Shoulda gotten the oldie to adopt you.

What I shoulda done was domestic partner with the old. Much easier, no fuss no muss, no in loco parentis.

But I suspect that, what with 7.5% minimum annual increases since 1969 or whenever, the rent was more than $500 ... and I refuse to pay more than $500 a month for a $3.5mm dollar apartment, especially if there's no room for dining on the terrace.

Sign the petition!

Still, outdoor space on a high floor overlooking the Hudson River sounds quite delightful.

I liked this one too. Loved the WB fireplace! But needed a full gut so once all is said and done you've crossed the $4M mark. Plus, I'm a river rat and though there is a gorgeous north side view, the west view is completely blocked (unless, of course, you can catch a glimpse through the neighbors' windows...). But yeah, it's gonna make someone a fabulous home!

Does rent control have annual increases like rent stabilization?

Alanhart: you would be surprised at the number of landlords who don't take their 7.5% min.

nyc10023 -- yes, I would be VERY surprised ($37.62 notwithstanding)

wellheythere -- while the usual suspects slug it out each year to determine the annual rent increase for rent stabilization, it's been set in stone for rent control, for decades (I think since 1969), at a fixed 7.5% annually. In fact, there are no leases, it just continues until the tenancy ends. In addition to the 7.5%, there are all kinds of one-time (yet frequently occurring, and permanently permanent) increases based on fuel and labor cost increases. Plus permanent MCI (Major Capital Improvement) pass-alongs. Many RC tenants (i.e. moved in prior to 1969) pay more for identical apartments than their neighbors who moved in later. That latter group was subject to much higher (than 7%) increases during a few of the prime hyperinflation years, but much more modest (2-5% or so) annual increases in recent decades. The magic of compounding does remarkable things.