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175 W 95th

Started by kimbb
over 10 years ago
Posts: 3
Member since: May 2015
why does this building have so many units for sale right now?
Response by NWT
over 10 years ago
Posts: 6643
Member since: Sep 2008

It's a conversion of what was built as low-income rental housing. The deal the builder got from the government has expired, so now the landlord is tarting it up and converting it to condo.

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Response by fieldschester
over 10 years ago
Posts: 3525
Member since: Jul 2013

24f is still available for a family that has excellent bladder control.

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Response by kimbb
over 10 years ago
Posts: 3
Member since: May 2015

the tax is quite low. they have tax abatement?

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Response by NWT
over 10 years ago
Posts: 6643
Member since: Sep 2008

Taxes as a rental are about $1,064,000 per year, less a $26,000 J51 abatement. The taxes you see advertised are the sponsor's estimate of what they'll be as condos.

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Response by swiftykat
over 10 years ago
Posts: 15
Member since: Mar 2007

for a condo, though, their sublet policy isn't great. investors: stay away.

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Response by Mestatenyc
over 10 years ago
Posts: 24
Member since: Dec 2013

Thanks for the warning!

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Response by KeithB
over 10 years ago
Posts: 976
Member since: Aug 2009

My understanding is purchasers can sublet after living there one year.

Keith Burkhardt
The Burkhardt Group

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Response by timmymax
over 10 years ago
Posts: 0
Member since: Jul 2014

What makes swiftykat say the sublet policy isn't great? Don't understand NWT's comment. Is there a tax abatement?

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Response by timmymax
over 10 years ago
Posts: 0
Member since: Jul 2014

Address report.com states that this building had over 150 violations -mice, bulging walls, no heat in building- among others, yet this building is selling like hotcakes. Hasn't anyone noticed these issues or do they not care?

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