325 Fifth

offering plan....

found it in public records...2018!

Any nice new building built before 2007, with swimming pool and other costly amenities will face certain increase in (1) common charges and (2) assessed value. 325 Fifth owners include many (over 50% include overseas foreign residents who don't know about 421A abatement or they forgot about it) speculators who current lease out to tenants, but by 2012-2014, with increase monthly taxes, unless rental prices increase, then these investors will be in the red---losing money every month.

Do the math, by 2015-2017, with near 80% of taxes due, the carrying costs will be enormous, so prices for 325 Fifth will inevitably fall.
If you own at 325, now is a good time to sell. Prices have peaked and on their way down.