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Low maintenance mystery?

Started by prp
over 2 years ago
Posts: 52
Member since: Dec 2016
Discussion about 20 East 74th Street in Lenox Hill
#20 East 74th Street. For ex: Maintenance for this 3 bed/3.5 bath is only around 2.6k per month. That seems suspiciously low for a building in this location with full time doorman, live in super & some kind of a gym. https://streeteasy.com/building/20-east-74-street-new_york/1214d Any commercial tenants?
Response by Aaron2
over 2 years ago
Posts: 1698
Member since: Mar 2012

There are commercial tenants on the Madison Ave side of the building, and 1 or two medical offices , though I don't know the ownership structure of the building to say how that specifically contributes to low maintenance. Maybe they paid off their mortgage?

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Response by Krolik
over 2 years ago
Posts: 1370
Member since: Oct 2020

Even with no mortgage that maintenance is very, very low. In that location 2.6k per month would be low for a 2bed/2ba

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Response by Aaron2
over 2 years ago
Posts: 1698
Member since: Mar 2012

There may be a hair-raising history of assessments that nobody is talking about.

More likely, I imagine the retail is a big contributor to the co-op finances.

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Response by stache
about 2 years ago
Posts: 1298
Member since: Jun 2017

Built in 1947? Looks a lot more recent.

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