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Really silly comment. Did you notice how low the maintenance is in relation to the square footage? The building's flip tax essentially saves shareholders nearly $1000 a year by subsidizing capital projects. And, you only pay the flip tax on appreciation.
Big Prospect Heights Prewar With Mantel, Built-ins, Moldings Asks $1.995 MillionDo you mean 2.5% flip tax of sale price? 25% is unheard of.
Big Prospect Heights Prewar With Mantel, Built-ins, Moldings Asks $1.995 MillionGreat building. The problem is the 25% flip tax and very high maintenance.
Big Prospect Heights Prewar With Mantel, Built-ins, Moldings Asks $1.995 Million“ More than one house was sold because of an elaborately festooned hallway with lots of varnished oak fretwork". Ours is between the front and middle parlor, but was indeed one of the first things we noticed when we entered what would be our house, so it did indeed help make the sale.
The Story of Fretwork