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Sale at 167 East 61st Street #24B

Started by QMN
over 13 years ago
Posts: 59
Member since: Jan 2010
Discussion about 167 East 61st Street #24B
Price feels 15% too high for a land lease building where the lease will only drive the monthly higher, capping the possibility of any long term appreciation, not too mention that the apartment requires full renovation!! What am I missing here?
Response by QMN
over 13 years ago
Posts: 59
Member since: Jan 2010

Anyone know how much higher the 30yr mortgage rates are for land-lease buildings? Heard there is a punitive flip-tax as well.

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