building at 444 East 86th Street

No. The co-op bought the land when the building converted in 1983.

Any idea why the prices seem lowish compared to similar properties in the area? Is it the high(ish) maint?

Looks to be a standard post-war First-Avenue co-op. The underlying mortgage is a bit high at $13,700,000, but an average unit's share would be only $43,000, so wouldn't jack the maintenance up that much.

RE taxes

nice building....walk by everyday......common charges are just to high..

If you look back seems like the maintenance was quite reasonable. What happened? Did they upgrade the building and pass the expenses off to the owners?

We have just started our search for a co-op in Manhattan and we're interested in this building. Maintenance seems quite LOW to me. Anyone live there who can comment on it?

what line are you looking at? the maint is pretty high comparable to other bldgs, and we have had 5-6% increases the last 2 years and a 18 month 13% assessment is still going on.

What is the deal there? Do they plan on increasing the maintenance forever? Seems like every year there is one
What is the assessment for?

I am looking at the g line.... One just sold for 725k.... That must be a record for cheapest 2conv 3 bedroom in the city , besides a land lease

@erlto9: Although that one sold for so cheap, another one sold for 100k more right after. The issue w/ those are that the maint is 3,200ish and w/ the assessment close to 3,500.

I'm looking to buy an apartment in this building but am concerned about the effect the Marine Transfer Unit will have on the value of the property. Not looking to flip or anything - this would be my primary residence - but the apartment needs a little work (kitchen, floors, ceiling) and in about 7 years when I'm ready to move on, I'd hate to have a hard time selling it and not have some appreciation. Any thoughts about the effect of the garbage dump so close to this building? (Also, more than the dump, I'm concerned about the 500 garbage trucks that are supposed to be going up York Ave - and this building is on the corner of York and 1st. )