Sale at 150 East 61st Street #9F

I looked at 9F earlier this year and really liked the apartment. I found the building to be somewhat in need of sprucing up even with the high maintenance and upon reading the Streeteasy discussion decided to pass on the listing http://streeteasy.com/nyc/talk/discussion/12115-building-at-150-east-61st-street-land-lease-bldg

Anyone know why this apartment keeps coming in and out of Contract at higher listing prices? Heard that the maintenance charges are due to increase about 30% in the next few year from current, which is already high, due to land lease.

ask them to show you the floor. the carpet's *glued* to it. replacement will run you high unless you like fully carpeted apartments. another fun fact: the ancient electrical wiring. if you want to use more than a toaster oven in that kitchen you'll need a substantial upgrade. but who cares since the microwave is installed so close to the wall that the door literally doesn't open. ps. i vaguely remember the unit needs new windows.

This unit came out of contract twice in the last 12 months. And they increased the listing price from 559k to 600k+ now. Did anything change?

Why would you even consider this or nearly any Land Lease building?

No longer considering it. Land Lease bad investment as prices cannot appreciate !!!