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building at 30 West 60th Street

Started by NewComer17
almost 8 years ago
Posts: 65
Member since: Jul 2017
Anyone knows about the building financials?
Response by 300_mercer
almost 8 years ago
Posts: 10570
Member since: Feb 2007

Newcomer, Usually monthly maintenance gives you a good indication of the financials. If you have any accepted offer, it is time to go into futher details which will basically confirm whether the current maintenance level is sustainable or not. If you start to investigate the financials of every building before an accepted offer beyond monthly maintenance, you are just creating yourself extra work. Your lawyer is the best person to read and explain the financials rather than taking a word of someone on an anonymous message board. Your broker should help as well by talking to the selling broker. The answer will be every thing is great till you actually review.

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Response by NewComer17
almost 8 years ago
Posts: 65
Member since: Jul 2017

300_mercer, thank you very much. You have a good point.

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Response by pier45
almost 8 years ago
Posts: 379
Member since: May 2009

I think gossip serves an important purpose and it's a legitimate ask in a forum. Whether it's your buyer broker's gossip or anonymous poster gossip it raises questions that otherwise may not get asked. I agree with 300 that unless maintenance seems out of step with a kind of building, it usually is a comfortable sign.

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