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Sale at 343 East 74th Street #9G

Started by falcogold1
about 15 years ago
Posts: 4159
Member since: Sep 2008
Discussion about 343 East 74th Street #9G
Maintenance: $3,609 With the maintenance in mind and the fact that this is a land lease building, care to guess at what price this will actually trade? Come on...it's fun...like picking on a scab. I'll start: 950K
Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008

It'll be an all cash deal at $500k..... I think that works out to $500psf. But the lemmings....... So so so many. I'm sure some lemming is calling his accountant as we speak!

'honey, look what I found..... It's so cheap!'.

What the husband thought the first nite he met his future wife 'holy shit, this girlz just loves sex!!!!!!'.

5000 pairs of shoes, no kids and 50 lbs later..... Too lazy to divorce too costly to leave too old to be a player..... 'let's look for a 'home' together!' let's fill our void with a 3lb dog and shopping!!!!!

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Response by columbiacounty
about 15 years ago
Posts: 12708
Member since: Jan 2009

from the broker on the listing:

"The building enjoys the benefit of a long term ground lease from a non-profit, thereby reducing the upfront cost to the buyer of this unit and avoiding a larger cash outlay in exchange for a slightly higher monthly maintenance cost."

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Response by falcogold1
about 15 years ago
Posts: 4159
Member since: Sep 2008

cc
I love that part!

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Response by Lanzz
about 15 years ago
Posts: 106
Member since: Jun 2010

They left out the part about the building becoming the property of that "non profit" at the end of the ground lease term... And the built in ground rent escalation clauses that will have that "somewhat high" maintenance ever higher every few years.

The church elders will love partying on that big terrace in 2135 when they take over the building.

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Response by dlegh
about 15 years ago
Posts: 2
Member since: Feb 2011

wait, 2135? as in the year 2135? Who is going to be alive then?

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