100 W 31st St, New York, NY 10001. 100 West 57th Street #16K in Midtown, Manhattan | StreetEasy payment: $11,329/mo Get pre-qualified Request a tour as early as today at 5:30 pm Contact an agent Overview Facts and features Home value Price and tax history Monthly cost Rental value Nearby schools Similar homes Neighborhood Local legal protections Homes for you As a result they style it as a condop, i.e. I always said my goal was to get on the co-op board and buy the land.. Sure Im missing a lot of areas but happy to hear other areas that folks are aware of. Sale A few other people got hurt, Mr. Schoeman said. If they cannot muster the funds, they agree to painful one-sided terms favorable to the ground lessor. Call the Real Estate Finance Bureau of the Attorney General's Office 100 W 57th St, New York, NY 10019 - House for Rent in New York, NY The government as the landowner is exempt from paying property taxes to itself. in Sutton Place Thanks. With the clock ticking down on the ground lease expiration, apartment owners wasted no time to start bailing out right after the board sent shareholders a doomsday letter on June 14, 2019, and followed it up on June 19 of that year at a meeting that spelled out Werners terms. I talked him out of it. Except in Battery Park City, ground leases are not typically found in residential co-ops and condominiums. The listing agent for these homes has added a Coming Soon note to alert buyers in advance. Price increased by Are you on your co-op/condo board? Still, the lure of (seemingly) undermarket Manhattan apartments is hard to resist. } Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments, Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise. This property is zoned M-2 (see attachments for permitted uses). Instead, there might be a complicated formula to calculate the new rent, such as a percentage of the appraised land value built into a formula etc. This listing is no longer available on StreetEasy, This listing has incorrect information/photos, This is a discriminatory or offensive listing. 442-H New York Standard Operating Procedures. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Where would you suggest is the best way to check who owns the land on some of these? (100 West 57th Street, New York, NY 10019), Listing by Republic Realty What's with ground leases so much in the news lately? Sale The largest price was $695,000 for an 1,800-square-foot penthouse with a terrace overlooking Sixth Avenue. at 5th Av, B you wont even have to push an elevator button). It was a struggle even back then, because of the damn ground-lease shit.. What Happens When a Land Lease Expires? | Hauseit NYC The building has a full time doorman, Concierge, valet service, bike room, storage and an on-site garage offering a 25% discount to residents.

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