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Experience with Turtle bay condo

Started by angelnyc01
about 4 years ago
Posts: 0
Member since: Sep 2017
Discussion about
Hi! I am a first time homebuyer and am looking at a few open houses and came across 321 East 48th Street and was wondering if anyone has any insight into the building, the board and community in general. It looks like the building has high maintenance and taxes for not much amenities. Thanks for any insight!
Response by Aaron2
about 4 years ago
Posts: 1698
Member since: Mar 2012

I don't really know the building, but the taxes/maintenance don't look that unreasoanble for a basic doorman building (based on the listings for 5D & 11H (and by the way, 5D is not a real 2 BR fit for humans). Yes, there aren't many amenities, but if there were, you'd be paying more.

I do wonder about the bulk sale of units in 2019 -- buyout of the developer? purchase of rent-controlled/stabilized units? housing for employees of the nearby embassies? some other drama? Careful due diligence should be done by your attorney.

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Response by 911turbo
about 4 years ago
Posts: 289
Member since: Oct 2011

There are at least one or maybe two assessments of at least $100/month so that is potentially troubling. The asking prices seem “low” for a CONDO so I would wonder why

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Response by Admin2009
about 4 years ago
Posts: 380
Member since: Mar 2014

Good neighborhood, and prices seem fair

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