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StreetEasy

955 Lexington Ave.

Started by mym
almost 15 years ago
Posts: 188
Member since: Jun 2009
Discussion about
Does anyone know anything about this building ? Any problems in the building ? Why do many of the apts have multiple contacts signed which never go to closing?
Response by jsw363
almost 15 years ago
Posts: 235
Member since: Dec 2008

My impression was that the building had extremely strict financing requirements (e.g., 100% cash), however this is unconfirmed. Sellers may believe that buyers will pass the board, but upon review the Board denies them.

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Response by NWT
almost 15 years ago
Posts: 6643
Member since: Sep 2008

mym, are we talking the same building? http://streeteasy.com/nyc/building/955-lexington-avenue-manhattan

11B didn't sell until its third contract, but that's just one, not many.

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Response by mym
almost 15 years ago
Posts: 188
Member since: Jun 2009

yes, same building. Their finance requirements are 50% down. jsw, what makes you say that you think that it was a very strict building? I had that question after seeing 11B, but is there anything else that you know?

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