Sale at 130 West 26th Street #5

This building is a good example of how hypocritical Coops can be. When I bought this unit (or the 4th floor, memory fails me) at foreclosure, they insisted it was an "artists only" building and insisted I only sell to a certified artist. Then when the other owners realized that restriction would cost them money on their own sales that restriction was miraculously lifted for their sales. If I remember when I sold it was only 1800F.

Very interesting 30. I think 1800 is ex exterior walls, elevator and stairs. No one is using those standards any more. I get gross 2250 footprint which is the new market standard used by full floor coops and new condos. I would have thought the broker at least used a floor plan with exterior dimensions. Btw, why is the maintenance so low?

Significant income from their ground floor tenant?

Plus old coop (so low RET) and no underlying mortgage.