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400 east 77th street - opinions?

Started by ark147
almost 13 years ago
Posts: 1
Member since: Feb 2008
Hi, I am thinking about buying in the building and wanted to see what people''s opinions are. I noticed that there seems to be a lot of recent selling activity...is there any reason for that? Are the co-op's financials sound? How frequently are there assessments? What is the sublet policy? Any feedback would be much appreciated.
Response by hofo
almost 13 years ago
Posts: 453
Member since: Sep 2008

Maint seems a bit high.

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Response by Morgen_NYC
almost 13 years ago
Posts: 0
Member since: May 2013

My gf has been living in this bldg for years. The maint are a bit high, i agree, however it is a solid bldg. Direct access to the garage (still have to get on the waiting list) nice laundry room, lobby and great staff ie; doorman, super... always very helpful. Nice, quiet block and clse to Agatas/supermarket

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Response by jwang
about 6 years ago
Posts: 5
Member since: Aug 2019

Coop board is notorious difficult. Coop financials are fine but they have a permanent rolling assessment every year. Sublet policy is very stringent, can only sublet for 2 years after living in the building for 5 consecutive years. In addition, you have to pay the building 2 months of maintenance fees before you can sublet.

Good luck wasting your time trying to buy into this place like I did. I wasted 3 months of my life and $4000 paying fees only to be rejected because my accepted purchase offer was too low for the board's liking.

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