Carnegie House Land Lease Expiration

Land lease huntington beach real estate accessed aug.

Carnegie house land lease expiration. A person close to the deal said the investment group closed yesterday on the purchase of the property which is located at the corner of sixth avenue and 57th street. I almost bought an apartment in this building until i read the land lease paragraphs in the offering plan. The 324 unit carnegie house cooperative building is the ground tenant on the property. The land underneath the carnegie house co op located at 100 west 57th street just sold to a group of investors for 285mm and the land underneath the trump plaza co op on east 61st street is currently on the market.

Discover 121 commercial properties for lease in carnegie vic 3163. This is the third major acquisition by david werner this year. Very competitive pricing for the location and unit sizes. Jun 2009 discussion about carnegie house at 100 west 57th street in midtown.

Because land lease buildings in nyc trade at a discount and can be very difficult to value when a ground lease expiration is looming. With a leased land property you risk losing all of your equity at lease expiration. About 11 years ago. Carnegie house land lease bummer started by mssn.

4 bedroom house for rent at 86 grange road carnegie vic 3163 550 per week. View 8 property photos features and carnegie suburb information. In midtown carnegie house is on a land lease. One nice co op building at 100 w.