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Sale at 220 Riverside Boulevard #18L

Started by NWT
almost 14 years ago
Posts: 6643
Member since: Sep 2008
The condo must wish this'd get sold already. The broker/owner (Ilan Bracha) hasn't paid his CCs since the place was listed in February 2011. Per the Lien of Common Charges the condo just filed, the total has passed $12,000.
Response by notadmin
almost 14 years ago
Posts: 3835
Member since: Jul 2008

weird they didn't lower the price with a lien on. maybe the lien issue was solved and it's being sold by the broker / owner? poor guy, bought when the bubble was going strong, probably overestimated his avg income over the cycle.

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Response by NWT
almost 14 years ago
Posts: 6643
Member since: Sep 2008

Uh, no. The lien was filed just the other day. A few months ago he bought this: http://streeteasy.com/nyc/sale/434534-condo-80-riverside-blvd-lincoln-square-new-york

They apparently are in no rush to sell, and would just as soon have their fellow owners carry the weight until it does sell.

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Response by nyc10023
almost 14 years ago
Posts: 7614
Member since: Nov 2008

Cash flow.

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Response by buster2056
almost 14 years ago
Posts: 866
Member since: Sep 2007

Well, the fellow owners can take some solace in the fact that Mr. and Mrs. Bracha will not be allowed to use the 220 Riverside gym anytime soon!

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Response by NWT
almost 13 years ago
Posts: 6643
Member since: Sep 2008

It's been sold, so the condo will have finally gotten its CCs:

05/11/2004 Previous Sale recorded for $1,372,000.
02/10/2011 Listed by Keller Williams NYC at $2,690,000.
02/21/2013 Price decreased by 7% to $2,495,000.
05/01/2013 Listing entered contract.
07/18/2013 Sale recorded for $2,385,000.

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Response by w67thstreet
almost 13 years ago
Posts: 9003
Member since: Dec 2008

RE, the socialist version of capitalism. I take all the upside, and spread all the risk to my neighbors, family and friends!

And it's even better when it's a flipper/Borker stuffing the co-'owners' ... Nice nice. Go team RE!

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Response by huntersburg
almost 13 years ago
Posts: 11329
Member since: Nov 2010

67 condos

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