Description

Why Buy Apt 7G at The Carnegie House, a Land-Lease Coop with Potential Land Acquisition? Location: Billionaires' Row facing Sixth Ave, two blocks from Central Park, on the route of The Thanksgiving Day Parade (you will have more friends than you know what to do with). Size: HUGE one bedroom/ one bath approximately 950 sf. Best Buy in NYC. At least 50% LESS than comparable coops on Billionaires' Row and priced with consideration for potential acquisition of land, Full-Service white glove coop, Board is working on acquiring land leading to: increased value of coop, reduction in maintenance (if shareholder pays assessment in cash) probable conversion to condop. Land-Lease resets every 25 yrs. Next reset in 4 years (only if there is no acquisition of land) - increase in maintenance unknown, If land is acquired there will be an assessment based on a price per share. Unique Board Requirement: Post-closing liquidity required of approx $1M or equal to fair market for apt. This will be an all-cash deal. Ongoing assessment of $384.40