What can you tell me about 30 East 9th St.?

If memory serves, this is the identical sister building to 60 E. 9th, where I lived for less than two years. The entire time was pure hell. The location is great, but the construction is terrible- you will hear every one of your neighbors. But be thankful for the commercial tenants- they're the ones helping to keep the coop maintenance fees low.

above posters are a little off on their info. 30 E 9 is a condop. Commercial space not directly part of the coop. While developed in same era as 60 E 9, the buildings are not "identical sisters." They do not share same apartment layouts, floorplans, or construction. Floor plans in 30 E 9 are generally more spacious and better laid out. Some noise floor to floor I heard during an open house, but not so much apartment to apartment. solid financials. Better location for 30 E 9 which is on University than for 60 E 9 which is on Broadway. Jr-four's are virtually identical in size and layout (or better) than those in the Brevoort East or 2 Fifth, but apartments have lower maintenance and cost about $300,000 less. Precise value of one location over another and amenities will guide which building is of greater interest to particular buyer. If you like a gym in building, reading room, kids playroom etc and paying for those things, Brevoorts and 2 Fifth more for you. Fewer amenities in 30 E 9, but you also everyone in your family can join Equinox for life with the money you save buying there over Brevoort East or the others. That's my 2 cents. If you aren't going pre-war and want this A-1 prime area, I'd seriously consider 30 E 9 St.

I didn't say something clearly: I was told during an open house that sound from some apts were reported to travel through floor to the apt below (loud floor walkers). I didn't actually hear any noise myself.

Thanks Kylewest, but shouldn't there be concern when the coop does not own the commercial space? They don;t get the benefit of the rent, don't control commercial tenants, can't require repairs, etc.? I'd like your take ont his. Also although Streeteasy lists it as a condop,it is on fact a coop (insists the broker). There are also still a number of sponsor owned apts.

Let me explain: The building is divided into two or three condos--I don't remember. Essentially one or two condos are the retail space, and the third is the coop which consists of shareholders with apartments and sponsor units. Some of the sponsor units are still rented by mostly older people who were there from before it all went coop. The retail condo(s) contribute maintenance set by some formula. If the condo fails to pay maintenance as required, I'm not sure what happens, but I'm pretty sure the coop stands to make out better since the 80/20 exists no more and if they could ever own the retail space, that could generate a lot of nice income for the building.

The cond-op arrangement is not all that unusual in this area. I think that huge tower is that set up--the one at Broadway and 8th St. The Brevoort East is that set up too, with the coops all equaling one condo, the parking garage another and the retail a third. This is not generally considered something to be concerned about when thinking about purchasing in the building. It doesn't by itself raise any flags. What is more important is the overall health of the coop corporation and condo association. Those financial statements are readily available for review during due diligence.

Realize that the buildings in this area are generally very stable with conservative boards that steer them well enough. 30 E 9 is the kind of building that is perfect for someone who wants the prime neighborhood but doesn't want to spend the extra $300K it'll take to get a one bedroom at the more expensive neighboring buildings. No hidden land mines I ever heard about 30 E 9 and it is a building I've looked at closely. It is what you see. If you like it, or better yet, love it, then I'm pretty sure the due diligence won't turn up anything of note.