Apartment 106 East 85th Street #5S
Started by nicesmile
over 6 years ago
Posts: 90
Member since: May 2016
Discussion about 106 East 85th Street #5S
This is exactly the point I was making in the other thread: at some point one or more of these units will NEED to sell and will transact at whatever number is offered (to some extent).
it's down only $130,000 (5.1%) About 7 Weeks Ago, far far from 25%
25% is the required down payment. The boards will have to wrap their heads around the concept that their neighborhood has gone out of style and accept reduced prices.
4K a month in maintenance for a low-floor unit in a building with only a part time doorman and no real amenities (ie, no gym) seems like a lot, which may also be contributing to the issue. On the bright side it's PS 6.