building at 57 West 58th Street

Reading the info, I would think not. Looking at the pix of the PH for sale I wonder at what point does unique cross over into just really strange looking. Someone will like it; at a more realistic price. It's one of a kind, I'll give it that.

The location is awesome, if you like Central Park and/or the subways. The penthouse is a sponsor unit for sale.

Good luck getting financing for this building. It is more than 60% sponsor-owned, so does not fit FNMA guidelines & no bank is willing to touch it. A whole lot of mortgage brokers & portfolio lenders will waste a lot of your time, but you will get nowhere unless you are willing to put down more than 50%. YES 50%!!! Trust me. I have been trying to secure financing for a unit in this building for 3 months already (not PH) & no lender cares. My FICO is close to 800 & I have a compelling financial profile, so I have been told it's not me. Lobby sucks & building isn't all that pretty but it's a great buy if you are paying cash.

If you are able to finance even 70%, please let me know the name of the lender, as I would be interested in pursuing it.

The building description reads;

"The Coronet is a prewar, full-service building located in one of the most desirable areas in Manhattan. The building is just one block away from Central Park and 5th Avenue. The building has a full-time doorman, live-in superintendent and a porter. Most apartments have generous layouts with high ceilings. Perfect for full-time residents, pied a terre buyers or investors. The building is now approved for financing with a 30% down payment and is pet friendly.

Description provided by Curtis Rhine"

@SAMMY300: Why not call Curtis Rhine and find out why he said that?

What bothers me is the 60% sponsor owned when it was supposedly converted to Condo in 1976?

Here's some info for what it's worth.

http://www.cityrealty.com/nyc/apartments/the-coronet-57-west-58th-street/4402

The sponsor owns 37 of the 85 units.

Sammy, You can get financing from first republic 25 percent down. However, they will make sure that you have enough assets and at least 100k on deposit with them.

The super and his family live in the building and are very unresponsive. They respond to little tasks (i.e. fixing the sink) 3 weeks later. They keep the common areas dirty. My neighbors won't use the laundry room because it's next to the garbage area and is disgusting. I wouldn't recommend this place to anyone. I'm moving out once my lease ends.