update from people living here in last year?

I don't know anything about the building but you'll find "bugs" in every building. The best you can do is control them in your apartment with all the standard extermination techniques. I will say that any condo with over 600 apartments and only 1 apartment available for sale is in demand, it also has a great location.

I have sold apartments in that building a long time ago. I used to live in Lincoln Towers. I would not buy there. I would look in a newer building and pay the extra money. Rates are still low and you will have a much better investment.

P.S. If you are looking to buy on the UWS I was born and raised there, I know the area well to say the least. I can act as a buyers broker, give you a rebate and as a mortgage broker get you the best rates. However you are not obligated to do a mortgage with me, but I do have better rates than Wells Fargo.

The Dorcheeter Towers also has old fashioned layouts.

Ellen Silverman
esfundingco@aol.com
Licensed Mortgage Broker since 1990, NMLS# 60631
Licensed Real Estate Broker since 1987

680 units, 2 for sale....

Keith Burkhardt

A lot of units in the building are sponsor-owned rentals, which I believe has caused banks to be reluctant to lend. Not sure what the situation is now. A friend also used to live in one of the rental units, and she has mentioned hot water can be an issue in the morning.

The 680 units/2 for sale is a bit misleading since it was a condo conversion from a rent stabilized property. There are still a lot of "unsold" apartments with statutory tenants and those are never going to have to same turnover rates as you would see in either market rate rentals or owner occupied units. It is, however, one of very few "60's buildings" which converted to Condo (as opposed to Coop), so if you both have your heart set on a Condo AND are looking to be in this vintage building, there aren't a whole lot of other choices.

I know this building well and I'd say the biggest issues is the constant amount of construction going on. Ogden (who owns almost half of the units for rental) is always renovating apartments as they come on market. If you work from home, it can get really annoying. Over the past year my friend's apartment has been within the vicinity of 6 different renovations (which can last 6 weeks each). You can hear alot through the ceilings so if you are in one of the larger units that caters to families expect to hear kids jumping / footsteps through the ceiling. Not to mention the largest tower in the UWS is just breaking ground across the street so for those facing Amsterdam there will be a ton of noise. Aside from that, it's not a horrible building and it's a good location.