Carnegie Tower - Answer to Landlease - No

Started by plp_1071765

over 12 years ago

Posts: 3

Member since: Nov 2009

Discussion about Carnegie Tower at 115 East 87th Street in Carnegie Hill

As of about 10 years ago, Carnegie Tower negotiated with the land owner, NYC Educational Development Fund, and made a deal. I've sold a total of 100 apartments in this building over the last 23 years and it is in stellar financial condition, I'm delighted to report. plp@corcoran.com

Response by NWT

over 12 years ago

Posts: 6643

Member since: Sep 2008

Part of the deal was the lease being extended to 2102. It's still a lease.

Are you saying that NYC (or rather we taxpayers) gave some kind of special bargain to that particular leaseholder?

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Response by kylewest

over 12 years ago

Posts: 4455

Member since: Aug 2007

I don't understand the title to this thread. What does "no" mean?

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Response by drdrd

over 12 years ago

Posts: 1905

Member since: Apr 2007

That was NO answer!

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Response by huntersburg

over 12 years ago

Posts: 11329

Member since: Nov 2010

>What does "no" mean?

Hmm

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Response by columbiacounty

over 12 years ago

Posts: 12708

Member since: Jan 2009

why did you post as greensdale and then stop?

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Response by somewhereelse

over 12 years ago

Posts: 7435

Member since: Oct 2009

Prety scummy, this broker is essentially lying about the landlease status.

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Response by SultryBlue

about 12 years ago

Posts: 0

Member since: Oct 2013

1. Building WAS a land lease. Past tense.
2. Co-op purchased the land from the City. @NWT, this is
the age of transparency, it was an arms length transaction.
3. Awesome family building.

Carnegie Tower - Answer to Landlease - No

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