Carnegie Tower - 115 East 87 Street (Carnegie Towers) LeaseHold (Land Lease) or FreeHold?

Started by vicsing

about 16 years ago

Posts: 21

Member since: Oct 2006

Discussion about Carnegie Tower at 115 East 87th Street in Carnegie Hill

Hi, we came across this building on the UES. While the layouts of the apartments are good and they are large they are generally priced much much lower than comparable 2 BRs (or convertible 3BRs) in the neighborhood (from a $/square foot perspective). We heard from a broker that the building might not own the land its sitting on (rare for New York). How does one verify this fact for this building or for any other building in Manhattan for that matter? In particular how many years might be left on the lease? http://www.streeteasy.com/nyc/building/115-east-87-street-manhattan

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Carnegie Tower - 115 East 87 Street (Carnegie Towers) LeaseHold (Land Lease) or FreeHold?

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