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Why is the common charge and tax so high

Started by SEAN007
over 11 years ago
Posts: 11
Member since: Dec 2012
Discussion about The Regatta at 21 South End Avenue in Battery Park City
Why is the tax and common charge so high in this building. Granted it is battery park city, but it is still too high though. I noticed a rent sale of a unit at 880k, and the same unit is for rent at 4100 and been on the market for a while. Tax and common charge for this 900 sqft unit are over 2800. So you are essentially collecting 1300 per month for 880k investment? Is that a joke? Why would people buy in this building?
Response by NYCMatt
over 11 years ago
Posts: 7523
Member since: May 2009

Sean, this has been discussed ad nauseum over the years. BPC buildings are sitting on leased land. That's what jacks the common charges up so high.

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Response by fieldschester
over 11 years ago
Posts: 3525
Member since: Jul 2013

Sean, have you considered Chicago?

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Response by streetsmart
over 11 years ago
Posts: 883
Member since: Apr 2009

Does it have water views?

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