The Crillon Court --- condo (pre-war renos) in Wash. Hts W155

Poorishlady...I have a ton of comments on that place.
I like Kelly (but strangely don't care for her husband--the mortgage broker for the development) and have offers in but we're currently in a tug of war or price.
I looked at the unrenovated spaces...better value and a chance to salvage the detail.
I like the building (at least the units that don't face that wretched 70's building) But I have concerns on who will manage the building. I think the developer is from the Bronx and this is his first Manhattan project. Also, there is a significant "old time" rental population who wont share in the maintenance of the building.

I am not saying rule it out but really hammer her with detailed questions and don't overpay--you want to see the appreciation, not give it to the builder. Drive a hard bargain. The area will turn around and you stand to make a nice profit if you play it right.

Also, be sure to get the community works interest rate...it is lower than normal rates. Ask for it. HSBC is a great bank for this area...

Good luck.

Eah --- thanks. Your comments are very helpful. And I have the same emotional response as you to she and he . . .

What is new recently? It seems nothing sold since the September 2008 financial situation and that now Warburhg has taken over the listings. They haven't lowered prices though. Hasn't the market come down a lot? And, hasn't this neighborhood been hit particurlarly hard? Does anyone know what the scoop is?

Washington Heights intrigues me for it's potential. Unfortunately the real estate bubble crashing put the kibosh on that. Maybe next bubble...

Don't be fooled by appearances. The building has major plumbing issues and the building financials are
not good. Be very careful.

Haunted too?

ILiveThere, can you elaborate a little more about the major plumbing issues and their poor financials? I'm looking into buying a unit in this building;

Will do.

The drains are lousy, constantly clogging. The water quality is poor.

The sponsor still owns a large percentage of the units (66% according to the latest financial statement).
The reserve fund is small and you can probably count on pretty sizable assessments in the future.

There's also a problem with one of the rental tenants. The guy has gone off on three different residents. Both these incidents involved the police. His lease runs until mid-2015. The guy is crazy and management can't do much about him. He's dangerous.

Any updates on this building? Have the issues been resolved? Common charges look a bit high to me.

Any updates about this building anyone? Would love to hear from residents as to how the condo is run, quality of life, etc.