The Regency East

The assessment is paid by current owners, so if you happen to buy a place there, you are lucky as the seller will have to pay the assessment at closing. The goal of the assessment is to buy the commercial leases in order to generate income for the co-op and decrease maintenance. As a result, the monthly maintenance should decrease by about 20%. The stated maintenance does not factor in the 20% decrease. It appears to be a good time to buy in this co-op as prices are still low compared to other comparable buildings and sellers will soon start hiking prices to reflect the decrease in maintenance...

The co-op has finished buying out the former leaseholder of the commercial space. It paid $5,500,000.

Does anyone know why the doorman treat potential buyers with an attitude? I am wondering if there is some sort of issue with board and potential buyers. I went to an open house there and had to wait outside on the street, I wasn't allowed to wait in the lobby. In fact, while waiting on the street, we were told we had to move further away from the building. Then on the way out, we were finishing a conversation with the broker and the doorman asked us to leave the lobby. It felt cold and unfriendly. Any ideas on why that might be?

we had a very similar experience about 4-6 months ago when looking at an apt in this building - turned us off to the building entirely

That's so unfortunate for sellers in that building. I wonder if they have any idea.

I agree, the doorman's behavior was reprehensible. The co-op board should be notified.

As a resident in this building, I can say that the doorman who your describing is actually one of the best I've ever had in all the buildings I've lived in. He's extremely friendly, knows everyone by name, and is very helpful and accommodating. What you experienced, while unfortunate, is just him taking his job seriously and trying to ensure that open houses don't inconvenience current residents.

Wondering if anyone here knows how this building is doing in the present environment? Are the commercial tenants struggling? Any other color on the building?
Considering some of the 2-3br apartments posted for sale at attractive prices.

I looked at this building for a one bedroom but am concerned that the nail salon underneath is now out of business. Does anyone know when their lease was up? Or plans for the space now?

Just about any building in town will have vacant storefront space right now.