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Beware of building financials

Started by LookingInGreenwichVillage
about 4 years ago
Posts: 1
Member since: Aug 2020
Discussion about 130 Hicks Street in Brooklyn Heights
Wondering why there are so many apartments listed in this building? It's the building finances. We looked at buying an apartment there but the financials had several red flags, including multiple special assessments that were not disclosed in any of the listings.
Response by buyer2021
almost 4 years ago
Posts: 4
Member since: Feb 2018

I live in this building and there are no assessments at the moment, neither upcoming ones. I bought in the past year and my attorney was extremely thorough when looking into the building finances and history of assessments. The last one went into the elevator renovation if I recall correctly.

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Response by buyer2021
almost 4 years ago
Posts: 4
Member since: Feb 2018

I'm not sure what the comment above means. In May 2019 there was an assessment due to an elevator project and it simply became part of normal maintenance in September 2020. There are no upcoming assessments.

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