269 W 72nd St

The co-op has an underlying mortgage of $2,300,000. Kind of hefty for only 58 small apartments. That only accounts for about $175 per month of the average apartment's maintenance, though. After allowing for that, the maintenance is still high for a building with just a super and maybe a porter.

You might want to see what's available at Schwab House, say, or rent in the neighborhood while you get a feel for what's out there.

There're just a few small buildings that could be razed and redeveloped at that corner, and not even those if they fall within the upcoming lower-WEA landmarking. Don't plan on any changes.

Thank you NWT - do yo happen to know of a good building in this area (70s), PREWAR building where one-bedrooms are asking $500-600k? I did see the Schwab House, but it's a postwar which is not what I'm looking for...

Not many pre-war one-bedrooms around there, and fewer less than $600K. Look at 230, 235, 240, 243 and 246 WEA. The prewars north of 72nd, e.g. 263 270 277 290 300 310 either don't have one-bedrooms at all or they're north of $600K. 246WEA has had some E and F lines going for low $500Ks. Low maintenance, but bad light with one window facing east and the rest facing a narrow courtyard.

Oops, forgot 260, but nothing there fitting your criteria anyway.

Thanks so much NWT, really nice of you to give me so much info! Can I just ask you one more thing: what do you know of 170 W 74?

Just that it used to be a hotel: http://nyre.cul.columbia.edu/projects/view/17035#images