OT: Apartment for sale. Only 1.59 million.

[Brian Van Horn]

https://www.msn.com/en-us/lifestyle/...e974e11f&ei=15

[Snapolit1]

That is actually not a bad price for that neck of the woods for that apartment. The carrying charges appear to be insane though. Hence why the current owner is not making a profit.

Livvy missed out.

[Brian Van Horn]

Originally Posted by Snapolit1

That is actually not a bad price for that neck of the woods for that apartment. The carrying charges appear to be insane though. Hence why the current owner is not making a profit.

Livvy missed out.

https://www.msn.com/en-us/lifestyle/...d=BingNewsSerp

[bbcard1]

A few years ago, Ty Cobb's house was for sale in Georgia at a decent price. At the time, I was still working 60 hours a week. I thought about buying it and turning it into a VRBO where baseball buddies could meet, have their fantasy league drafts or old ballplayers reunions. I still think the right property could be viable for such a concept.

[packs]

Apartment prices always seem reasonable in Manhattan until you look at the HOA fees. You take out one mortgage to buy the apartment and another to keep up with the monthly charges.

[Smanzari]

That's Neat! Here's an actual listing of the Apartment with more Pics (reading the article, it sounds like its a little different than from when Ruth lived there though)

https://streeteasy.com/building/345-...j3DZEd1_NfUcPv

[Michael B]

Originally Posted by packs

Apartment prices always seem reasonable in Manhattan until you look at the HOA fees. You take out one mortgage to buy the apartment and another to keep up with the monthly charges.

Interesting thing is that technically it is not a mortgage. It is a chattel financing statement. You are purchasing stock in the corporation that owns the building and 'leasing' the apartment. I have worked on a few of them in Mass. and D.C. Part of the Watergate complex in D.C. is a co-op. Ruth Bader Ginsberg lived there.

It is the co-op board (stockholders -occupants of the other apartments) that decide whether you can live there.