building at 222 East 80th Street

I would like to say it is because it is "on the sort after Upper East Side," but instead it is a land lease. Given the limited market for selling these things and maintenance that will only get worse, this building is going to need to rethink its rules (no pets, no absent owners, flip tax, etc.).

No. The co-op owns the land, and has since it converted in 1972.

Agree mntc is high.

Never seen this: a piano in the entry foyer/area:
http://streeteasy.com/nyc/sale/813240-coop-222-east-80th-street-yorkville-new-york

Plus one BR a workout/bike storage/home office room.
looks great, probly will sell above ask.

dwell: Good to see you here. Hope all has been well with you and yours.

The piano in the entry foyer/area is some kind of new trend in guest welcoming.
The owner plays guests in and then he plays them out.

I've seen the financials here- it's a bit of everything- the mortgage is on the high side, payroll and property taxes are on the high end of the range, and there is no revenue.

Bricks on the west side facade are uneven- easily seen standing on 80th St- not sure what that will cost to fix and when.

Thanks for the feedback.

The maintenance might be 10% higher than comps and that's probably due mostly to the fact that the building only has 94 apartments which is on the small side for a 24 hour doorman building. Apt 9C at $2384, is probably only a couple of hundred dollars higher than the norm and it includes a balcony which increases the maintenance. Most co-ops without retail income, run about $2 a square foot for maintenance, give or take.

Hey Truth! Hope all is well w/ you & yours too.

Good one: "The owner plays guests in and then he plays them out."
That piano placement is very weird or in broker talk, it's "unique".

dwell: Piano placement all the better for hallway music-while-waiting for elevator.

There's no coat closet, but we do have a piano.

Piano by the door because they don't want to fade the finish by keeping it by the window. Nice to see the dining table near the windows -- I'm not a big fan of the 'dining foyer', where you get to shake all the street dust off you and onto the table settings when you take your coat off.

Not a land lease building. Shareholder owned.

This building is not a land lease and never has been.

Latest maintenance increases were just 1% (2013), 1% (2014), and 1% (2015)

Anyone had an experience of putting up a wall in the studio unit in this building? TIA