Sale at 157 Broome Street #1B

Dear Readers,
The poster, "buyerbewareNYC" (Dear "buyerbewareNYC", why not post your real name? Are you ashamed of what you're doing? You should be...) has written her comments here in order that no other prospective buyers come in and offer to purchase the apt. she had contracted to purchase and hoped to buy. Hers is a completely self-serving posting and I dare this poster to reveal herself (yes, I know who you are, MT and we’re shocked and disgusted by your actions...), and debate the facts as they are and not make baseless accusations. This is a classic case of fraudulently attempting to undermine the interest in (and, therefore, the value of…) an asset to try to buy it at below market value. To underline my point, I submit the fact that since the time she posted her ridiculous comments some four months ago, buyerbewareNYC has desperately attempted to close on the “horrible investment” she so describes. A wretched hypocrite if ever there was one…

She has, through her own actions, alienated all the people who attempted to help her in this purchase. I have personally been informed by the many mortgage brokers and bank officials who attempted to work with her that she is someone with whom they will no longer work or speak to, for any amount of money, as she speaks/communicates to everyone as if they are her lapdogs. She repeatedly failed to receive financing because she continually insulted and treated with disdain (yes, I saw the email examples and heard the vm messages she left for these mortgage brokers, as well as having personally experienced the bile from this person that is her MO when "communicating"), everyone who attempted to help in her endeavor. It is sad to see she is betraying, by posting these fallacious and self-serving comments, the very kind Owner of this apt. who gave her an inordinate amount of time (12 months) to close the deal, after she had promised, in a contract amendment, to finally close in cash. He didn't even request, as is the norm (and contrary to my advise), that her contract deposit be at risk if she did not finally close the supposed cash deal.

As I am the broker for this apt. sale, I welcome you to please call me, Kevin Burke of Burkesworks Properties, to discuss this apt. and the Coop itself. I will happily enlighten you as to the actual facts regarding this Coop. While it was true that the new Coop (2008) needed some help in organizing certain aspects of their finances (for example, they now have a CPA doing their books; 2009, 2010, and beyond; but this was for the banks comfort as it was completely legal, as per the bylaws, to have done their books as they were doing them), they have now put their house in order, as it were. Further, the 9 units (not 10) owned by the Coop are completely debt-free (value $2M+) and will be sold soon, as their contract with HPD to rent them to them (while HPD converts other buildings to coops nearby), comes to an end. Along with the 9 apts, the Coop owns 2 commercial stores in the building, free and clear of debt, which all together represent over $3M in assets against no liabilities. There is no debt whatsoever on the building; no underlying mortgage. I can go on as to what I believe are the positive facts of this Coop building, but I shall stop here and await your call if you are interested in any further information. Please forgive my long-winded response to the dubiously-monikered buyerbewareNYC’s specious comments, but I felt it was important to counter her effort to unfairly cause harm to the Owner of the apt and the Coop itself.
My name, again, is Kevin Burke of Burkesworks Properties. Please call me at 646.232.7223 to discuss or arrange an appointment. Cheers

Kevin, I know for a fact there's more than one person(unit 2A?) that has been ROYALLY SCREWED over by the 157 Broome St Co-op. I know exactly what happened and I would be more than happy to tell their story as well. As for my actions, all I can do is warn people about this horrific building. I noticed you have 5 active listings for this building(with at least another 5 that you haven't listed), a little strange there have only been 2 mediocre, all-cash purchases since the co-op conversion in '08. Face it, you're never going to move anything in this cursed indian burial ground building.

As for legalities of doing your entire co-op's taxes yourself through TurboTax, I'm certainly going to challenge that one. My attorney certainly voiced their concern and I urge any attorneys out there(I know there are several on SE) to have a look for yourself.

I've been mostly a lurker on SE for a while and guys, he is one of the slimiest broker's you'll ever come across. If anyone has any interest in any of these buildings, feel free to contact me. I would be more than welcome to fully enlighten you on every aspect of your future disastrous purchase. I was strung along for a grueling amount of time(well over a year) and shed tons of blood, sweat, and tears.

Also two very important words: MORTGAGE CONTINGENCY
No bank will finance this building, they need a bunch of 100% all-cash purchases(of course, with income restrictions of $65k this is SUPER easy to come by, right?) No bank in their right mind would have anything to do with this destitute building. The only possible one was Guaranteed Home Mortgage Company, but in the end, not even they would back this building. BTW, those mortgage brokers over there as just as slimy as Kevin Burke. Please stay as far away from them as possible as well.

Enjoy

Also, would you be happier if I signed it "Madison"?

Any lawyers on the board looking for two great clients in libel suit?