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| Re: Lawsuit alleges two Bronx co-ops prevent blacks from purchasing units (558518) | |||
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Re: Lawsuit alleges two Bronx co-ops prevent blacks from purchasing units |
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Posted by trainsarefun on Sat Feb 6 11:57:26 2010, in response to Re: Lawsuit alleges two Bronx co-ops prevent blacks from purchasing units, posted by LuchAAA on Sat Feb 6 03:21:56 2010. These developments are hardly upscale. From the NYT August 2009 profile: WHAT YOU’LL PAY The homes in Edgewater Park run the gamut in price from $39,000 for a house that needs a gut renovation, to almost $200,000 for a two-bedroom ranch, to as much as $375,000 for a renovated cottage on the water. Prices in Silver Beach are a little higher, with two-bedrooms starting just below $240,000 and an expanded duplex on a double lot asking $539,000. Brokers estimate that as in much of New York City, prices in both communities are about 20 percent lower than they were a year ago. Maintenance in Edgewater Park is a flat rate of $232 a month; in Silver Beach it depends on the number of shares a homeowner holds, but is about $280. Any work to expand a house or to remodel the exterior must be approved by the co-op board. Parking is allowed on the wider streets; the communities also have free parking lots for residents, and covered garages for which there are long waiting lists. In addition to the three letters of reference required from current residents, each place requires a co-op board interview. Silver Beach has a minimum down payment requirement of $30,000, and Edgewater Park requires $20,000 or 10 percent of a sale price, whichever is higher. Googling, here is a sold unit that was listed at Silver Beach Gardens for $315k at $220/mo maintenance including gas/heat/electric:    If that's upscale, then I live in a mansion. I don't live in a mansion. This listing was put at $249.5k - same monthly maintenance:  This one is apparently the most expensive unit ever sold at either complex, $539k listed:  |
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