The co-op's 20-year tax abatement ended in 2017

@buyingatcitylight, I felt the need to respond to this from someone who was in the process of closing on a unit in citylights when this was all announced. We had the ability to back out but ultimately decided not to because no matter what, living in this neighbohood is never going to be "cheap". There are only a few options for purchasing on the water with city views. So you can buy in Citylights with a lower price tag and higher maintenance OR go down the street and pay 50% more to purchase and pay slightly lower maintenance. At the end of the day I would encourage anyone who is considering purchasing to sit down and look at the actual numbers. This includes purchase price, maintenance, down payment and possible tax deductions (even with new tax laws being rolled out in 2019, a good chunk of maintenance will still be tax deductible). It won't make sense for everyone but for us it did - and we are so happy because we love Citylights and we love this neighborhood!

How is it now? Do you like the way the building is run? Are amenities well-kept?