Bloated properties sink to the bottom

What was 07 sale? How high ceilings?

Is this a land lease building? Is there anyplace to look up a full list of land lease buildings? There seem to be quite a number on the UES, and it appears that not all of the listing brokers include this information in their descriptions. I have a strong preference for UWS, but some of these prices on UES do seem attractive. Yet upon further research it's often turned out to be land lease.

3% off. R they serious? It's says they are serious sellers that know the mkt is tanking... Ye their pricing strategy is 1% chops ad nauseum. If I graph their chops it'll be 2025 bf it sells.

How about you pay me $500k to pay $4k/month...?

High five Falco!!!!'

One dollar, Bob.

I knew you would find this funny!

"I knew you would find this funny!"

but how could you be sure? you didn't even mention concentration camps. you didn't really know. you hoped.

how do you decide which one of your dopey identities to use?

lucille,
Your on quite a tare.

Tell me, what's really the issue?

LucilleIsAdamant

no, LucilleIsIgnorant

It looks a perfect case of unions taking away the property from the owner. First union employees in the building. Second, every increasing real estate taxes to pay for pension costs. Unless of course, the building had a major structural problem or was a land-lease.

LucilleIsaBloatedPropertySinkingtotheBottom.

does anyone know why the maintenance charges are so high here? wtf? how are they justified?

Hey, VirginerBoy switched back to his "old" name.

>lucille,
Your on quite a tare.

alanhart, please help me out, this post by falcogold, is it a "funny" or just a spelling error?

Troll check.

Hey MidtownerVirgin, will your landlord be upping your $3200 smallish 1 bedroom in midtown east, or did you lock in a 2 year lease?

Renters high five!!!!!!!! Midtownereast high five! Hope ya didn't lock in for 2 yrs, it gets cheaper each year!

What up cuntersburg!

Yep, it worked. Hunter S. Trollburg appeared, like magic. Now back to ignore.

Hey VirginEast, this new Roro guy, any relation?

>Renters high five!!!!!!!! Midtownereast high five! Hope ya didn't lock in for 2 yrs, it gets cheaper each year!
>What up cuntersburg!

w67thstreet, in your building, when you are with your wife, can you take the regular elevator and not the service elevator like when you are alone?

301E64 isn't a land-lease, but it does carry a hefty underlying mortgage of nearly $7,000,000. More than $3,000,000 of that was added in 2003, so there must've been some major capital project.

The sales prices plus their share of mortgage should theoretically be the same as a low-debt equivalent building's, but it doesn't usually work out that way.

apts with high monthlies tend to sit, and require discounting that more than offsets the math based on the monthlies

it's like falco said, more of these will hit soon as the tax situation plays out, and as tax abatements start to retchet up the as$e$ of owners--flexion a comin