building at 345 East 86th Street

nobody?

The Gristede's across the street is getting demolished and some huge apartment building will be built in its place. So you're probably looking at some major construction and a loss of any southern facing views/light. Otherwise seems okay. 25% DTI and about 2 years of reserves required.

The building is solid in terms of its financials and the value afforded. it has New elevators and a new lobby along with low carrying costs. The development sight across the street is an Extell project and will bring a much-anticipated upgrade & rejuvenation to the block. It's expected to be approximately 20 stories, so it should not have an adverse effect on the natural light. Furthermore, two-thirds of the building will be protected by the existing buildings on the south side of 86th.