Jackson Heights Life

Get Connected => Real Estate & Home Improvement => Topic started by: dotley on December 09, 2015, 11:02:07 AM

Title: Wilshire House apartments/Somerset House apartments
Post by: dotley on December 09, 2015, 11:02:07 AM
Does anyone know anything about either of these buildings?  They are located on 74 & 75 Streets and 34th Avenue.  I think they are co-ops but that is all I know.  Any information would be appreciated.  I have a friend looking to buy
Title: Re: Wilshire House apartments/Somerset House apartments
Post by: CaptainFlannel on December 10, 2015, 07:21:26 AM
My understanding is that the buildings are run separately. (Separate boards, finances, separately legally). Make sure your friend has a knowledgeable realtor who knows about the board requirements of each building, and who knows something about the building's current finances. Your friend doesn't want to waste time and money making an offer on a building if he/she won't meet the board's financial requirements ($ in the bank after closing/monthly income to monthly housing costs ratio).