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I think I've commented on this before. I don't understand it, if you have a long waiting list why are you seeking more applicants and requiring them to come up with $200. It seems like a scam to me, because most people will forget about that money. Make sure you keep a copy of the front and back of your cancelled check. I had a problem getting my money back because I didn't have enough proof of payment.
I know someone who owns one and it took 7 years to get a call. The apartment is spacious and nice; she pays in the $400s per month. I do not recall how much she paid for it.
We are number 797.... on a wait list for a two-bedroom external apartment. Sounds like it's a good opportunity if it ever happens. The letter also mentioned that given xyz, the carrying charge cost is doubling so instead of paying the 20K it is 40k. I was miffed, but it's still more affordable than other real estate in NYC. Our letter was post dated Feb 14th.
The apartments are now $40,000? If so, how much is the maintenance?
My friend also told me that the XYZ reason is the resolution so called "First Sale". The EMP buildings are old and need extensive repairs. Most tenants in the buildings are old folks who either have no extra money or are reluctant to continue to lay out chunks of money to fix the buildings. As a result, the board wants to get money from outsiders. That's why they open new waiting lists to get $200 * 1000 = $200,000 and require new tenants to pay $40,000 instead of $20,000. The extra $20,000 are used to pay for the renovation and repaying some of the old loans.
The apartments are now $40,000? If so, how much is the maintenance?
Maintenance (Carrying charge) is about $674-$1093, depends on the size of the two bedroom and income range, I assume.
Staff at EMP housing company inc. are very friendly to answer questions by phone. They said so far there are 9 two bedroom units immediately available, and people on the list have two chances to decide if they want to take the next vacant apt. The $150 fee is refundable if you decide not to move in.
hello everyone, my niece and nephew applied to East Midtown Plaza, and he got called for an apt. offered a duplex. very nice.. luckiest kids in the world.
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