StreetEasy Forums · Sales

Sale at 215 East 96th Street #41H

Started by CFC

over 8 years ago

Posts: 0

Member since: Oct 2016

Can anybody provide any insight on this building? Also, why is the maintenance so high?

Response by Aaron2

over 8 years ago

Posts: 1698

Member since: Mar 2012

I believe it is a) a landlease building, and 2) has tax abatements that are expiring.

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Response by 30yrs_RE_20_in_REO

over 8 years ago

Posts: 9878

Member since: Mar 2009

Any time you see a building which is built after 1990 and it's a Coop (as opposed to Condo), odds are that it is on a land lease.

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Response by plevy

over 8 years ago

Posts: 91

Member since: Dec 2006

The price compensates for the higher maintenance. You can't duplicate this apartment for less than $2,800,000.

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