The John Adams

The John Adfmas has solid finanicaisl and a huge reserve fund. A very low flip tax of only $1000. They do not use creative accounting tactics to make the building seem better. Well over 90% sold it is one of the most solid buildings financially in the area. Very well maintained, Managed by Halsted Property Management

Excellent, I had been wondering for a while.

I wouldn't want to live on the 6th Ave side- it's LOUD.

Heard Elvis Costello has an apartment there. Certainly a nice building, but not the kind of building I would expect him to have a pied a terre in.

New Windows installed in 2013 have increased energy efficiancy and noise reduction.

Richard:

Aren't you a Halstead agent who sells listing in that building?

What do they require for financials? DTI, cash on hand after close, etc.? Thank you.

they do require dti and cash after close it use to be 1.5x the amt of purchase price I dont know it it has changed

My two cents? I worked with Richard Hamilton when I was trying to move to NYC from San Francisco. He was always so very helpful, cheerful, and didn't pull any punches. He was encouraging, but never unrealistic in terms of the difficulties I would face with different boards and the very fact of trying to start over again whilst not exactly being a "spring chicken." A real gentleman in a world where one is increasingly difficult to find.

My understanding is that the building is very solid financially and require a dti ratio of 25% or less. I've heard of several board rejections in recent years so they seem to be fairly strict as a co-op. Very well run and well maintained building.

My understanding is that the building is very solid financially and require a dti ratio of 25% or less. I've heard of several board rejections in recent years so they seem to be fairly strict as a co-op. Very well run and well maintained building.

Anyone know the sublet rules here?

I think it is restricted to a 2 out of 5 year cycle

Dan Gotlieb
Digs Realty Group
www.digsrealtynyc.com