Plus Monthly H.O.A of sorts close to $8500/month maintenance
CO-OP BOard Requires 50% Cash Down
Moby’s four-level unit, which has been recently renovated, include a circular iron staircase that connects the apartment’s upper floors, park views, multiple terra-cotta terraces, and lots of dark wood and marble. Last fall, Moby found a buyer “near his asking price,” the Times reported. The unit (C0-OP) is back on the market because the board gave the thumbs-down to the buyer, for an unspecified reason.
CO-OP BOard Requires 50% Cash Down
Moby’s four-level unit, which has been recently renovated, include a circular iron staircase that connects the apartment’s upper floors, park views, multiple terra-cotta terraces, and lots of dark wood and marble. Last fall, Moby found a buyer “near his asking price,” the Times reported. The unit (C0-OP) is back on the market because the board gave the thumbs-down to the buyer, for an unspecified reason.
New York City, co-op boards hold a all the power to approve & deny potential buyers. They can reject a buyer for any or no reason and, are not obligated to provide any explanation for a rejection.
Four-story penthouse, including an observatory, in the art deco El Dorado, a building that over the years has put a roof over the heads of Marilyn Monroe, Groucho Marx, Garrison Keilor, and Bono, he was looking forward to moving on up(town). When he got there and realized the Central Park West neighborhood was a lot less for him than his former location on the Lower East Side, he figured he could quickly sell it. Good real estate market, great vu, easy, right? But after listing it last summer for $7.5 million”$3 million more than he paid for it two years earlier, before he did a massive renovations he was able to find a buyer for close to that price, only to have the El Dorado co-op board reject him in January. Back to the listings board, though this time with a new strategy. On Friday, Moby emailed his friends with this teaser: If you find someone to buy the apartment I'll happily give $75,000 to you or your favorite charity. When we contacted him, he agreed to extend the same offer to all readers. So, there you have it. Help Moby unload his sky-castle and you or your favorite charity will come out nearly six figures richer