The Carlton Regency

High maintenance. What condition are the units you are looking at? How much money to bring them up to quality of other Murray Hill apartments?

Great building. Regarding what sold compared to what is on the market shows a large price disparity.

Considering buying here but am aware of litigation over air rights and underlying mortgage seems high. Any info or thoughts on this would be appreciated

Lisakaye posed a great question. Who owns the air rights of the low rise bldg between the two towers?

The Soldiers/Sailors Club owns the lot. The co-op has the air rights under a lease ending around 2172, with an option to buy the land for $500K.

The club sued the co-op, claiming the original agreement was unfair for various reasons, but has been shot down twice in the courts. The notes to the financials will say whether the Club has appealed again, and what the defense has cost the co-op.

2172?!? Our DUST will be dust!

any updates on this, what ever happened to the lawsuit, i heard there were two pending litigations

this is a land lease building? that will explain the high maintenance fees... overall nice building/lobby, but a bit of a walk to the north tower (and you can't drag a cart or anything on wheels through easily as there are small stairs that go up and down from the main entrance on south to the north)... prices do seem in line with the neighborhood, but the high maintenance and the long lobby walk and if true, the land lease are deal breakers.

Owned an apartment there . This is not a land lease building.