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61 West 62

Started by Nikos
almost 17 years ago
Posts: 12
Member since: Feb 2009
Discussion about
Anything I should be aware of?
Response by nyc10023
almost 17 years ago
Posts: 7614
Member since: Nov 2008

Are you buying? Not a bad building. Maintenance was high compared to other coops BUT it has a significant income stream from the restaurant & retail space. Co-ops were not able to have more than 20% of their revenue come from shareholders, but that law has changed. Mortgage should be paid off in 10 years.

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