Two WorldWide Plaza - a bottomless pit

Started by anonymous
over 8 years ago
Discussion about Two WorldWide Plaza at 350 West 50th Street in Hell's Kitchen
This building suffers from a bad structure of management and board accountability. Plus it is a totally corrupt place, where the hugely inflated common charges and subsequent budget get stolen in all sorts of scams. Hiring outside contracts from companies that don't really exist, double billing, etc. etc. But right now the current board is trying to push through a $33 million renovations package... [more]
This building suffers from a bad structure of management and board accountability. Plus it is a totally corrupt place, where the hugely inflated common charges and subsequent budget get stolen in all sorts of scams. Hiring outside contracts from companies that don't really exist, double billing, etc. etc. But right now the current board is trying to push through a $33 million renovations package that will have owners paying double maintenance for the next several years. Plus they have other big time scams set up. Buyer Beware, you will be paying upwards of $60k per year in assessments on a 1br apt. This building is a glorified rental building, don't be fooled just because it has doormen. The location is great however, and the units are nicely laid out, many with awesome views. Just be ready to get raped on a monthly basis living there. Old school corruption is alive and well at world wide plaza.I lived there for over 10 years, I know what I'm saying. Just go check all the current lawsuits going on there too! [less]