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Report: #1516640

Complaint Review: Carnegie House - New York New York

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  • Reported By: James — NY New York United States
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  • Carnegie House 100 West 57th Street New York, New York United States

Carnegie House 100 West 57th Street, NYC, 10019 The co-op apartments in this building are being sold DIRT CHEAP for a good reason: the costs are about to skyrocket. This building is built on leased land, which means the building owners built it on a plot that was rented, not bought. New York New York

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Carnegie House 100 West 57th Street, NYC, 10019 The co-op apartments in this building are being sold DIRT CHEAP for a good reason: the costs are about to skyrocket. This building is built on leased land, which means the building owners built it on a plot that was rented, not bought.

The owners of the apartments are paying rent to the original owner of the land underneath. Fortunately, the building had a long lease, so they went for years without an increase. But the lease expires soon, and the rent is likely to rise.

That means a studio with $1500 a month fees could soon have $2500 a month fees. Beware if you consider buying an apartment in this building. People have purchased apartments in this building without being warned that the property was land-lease. 

This report was posted on Ripoff Report on 03/06/2022 10:56 PM and is a permanent record located here: https://www.ripoffreport.com/report/carnegie-house-west-th-street/new-york-e-coop-apartments-1516640. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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