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They’re cutting prices over at 24 Monroe Place like it’s some new sub-standard Fedders box in less tony nabe! First there was the four-bedroom that was cut early last week from $2,400,000 to $1,950,000. Then later in the week, the price on this two-bedroom was trimmed from $1,195,000 to $1,125,000. Like the four-bedroom, this one’s also a classic in great shape; like the four-bedroom, it’s weakness is probably the size of its kitchen. Overall, though, this is a great layout. This price can’t be off by much, can it?
24 Monroe Place [Corcoran] GMAP


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  1. 7:49 you really do need to know what you are talking about before hitting Caps Lock. Board requirement is 20% down. Means you can’t get a mortgage for more than 80%. How can the board control that? Easy, its a co-op if you know what that means. Co-op issue shares which are then pledged and delivered to the lender. That’s how the lien is granted. If you as the uneducated liar then borrowed the other 10-10 or 20% you ranted on about, the loans would be unsecured personal loans (probably at 18%). The senior secured lender has the co-op shares so no one can have a second secured loan without the co-op board knowing. And as to lying to the board, a misrepresentation of your financial condition can be a reason to terminate the proprietary lease so then you lose the apartment and are stuck with the loan you have to repay. Nice trade. I guess that’s why you still rent.

  2. I have been looking for a 2 bed 2 bath since April, compared to everything else I have seen in this area as well as Dobro, this place seems like an incredable value. Established neighborhood, close proximity to subway, a dining room and a wood burning fire place, what more can I say.
    In Manhattan this apartment would sell for at least twice the original asking price, with at least double the mtc charges.
    In my opinion, the buyer of this one scored.

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