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Emery Towers

Started by eric25
over 8 years ago
Posts: 1
Member since: Feb 2008
Discussion about Emery Towers at 400 East 77th Street in Lenox Hill
maintenance and assessments - the building had more issues than Trump. risers failing, leaks, floods, elevators - repairs are through the roof.large underlying mortgage. apartments are literally worth 15 % less than comparable apartments
Response by jwang
about 6 years ago
Posts: 5
Member since: Aug 2019

Nice comment. This building is not Trump levels of bad but pretty close. The coop board is notoriously difficult and has ridiculously stringent requirements even by coop standards. 2 years liquidity, up to 28% DTI, no gifting and no co-purchasing. I met all of their requirements and they still rejected me because the purchase offer I made to an apt was too low. They are complete money grubbers and everyone is better off buying somewhere else.

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