why does this building all of the sudden have tons of units for sale?

i was wondering the same.

There are over 170 units in the building, 8 are for sale....would you call that "tons?" A few of them have been sitting on the market for several months now. Considering the market and loss of jobs/income, this is nothing.

Yeah, I have to say, there are always a good number of apartments for sale in that building... and a similar one on 11th.

I think they are mostly smaller apartments, and its a NYU-heavy area, so I think you're talking a lot of short-term buyers.

really? these are not nyu type people spending $800,000 for a 1 bedroom. 111 4th is a really hot building and its too bad.

> these are not nyu type people spending $800,000 for a 1 bedroom

Yes, their parents...

TONS of buildings in the area allow for buying for children...

Building Policy states:
The building has a policy of "No students," undergraduate or otherwise.
Also 4% flip tax on profit to seller.

This is a high-end, beautifully maintained coop--very difficult to get into...debt to income below 30% is a must...

wow 6I just took a huge hit 1.25 -> 995K

> The building has a policy of "No students," undergraduate or otherwise.

Would that not be illagal?

'no parent guarantors' is not illegal. if a student has the cash and income to buy for themself, they'll let them in,.

I looked at several apartments in this building in '06 and '07 and there most certainly are a number of students in the building. Some had their parents buy the apartment and they lived in it and other subletted from other owners. It also has a bit of a strange layout, where you have to go through a "maze" to get to the 2nd half of the building, which also gives it a bit of a "dorm-like" feel.