I think it is one of the best building looking at these factors -
a) The floorplans are great
b) The management is one of the best management in NY
c) Building in well maintained.
d) Thanks to all the bad publicity the building is relatively the cheapest in the rego park market.
e) The building has more than $2,000,000 (YES $2MILLION) cash surplus .... many of the building this size die for that.
f) It is now fully renovated in last 5 years that means no more headache of repairs for next several years.... external façade, new elevators, hallways, boilers, laundry etc. and the list goes on. I heard that they are now renovating the lobbies
g) 24 hour security
h) The building staff is very cooperative
i) There was special assessment of 20% which went down to 15% which mean the health of the building is greatly improving
j) Repaid more than $2,000,000 (YES $2MILLION) in last 5 years on their loans
k) Not close to the new mall opening in the neighborhood so they will not have the hustle and bustle of that Park city estate or park city 3&4 will have …comeon you want to live in peace, you will look at your peaceful weekend sleep after few drinks in the night rather than a bankcruptcy which was settled in April 2004 …5 year 5 months old. Think twice of the honking near part city estate and park city 3&4 after the mall is up and running.
l) Most couple in the building are young as compared to other buildings ….when the new management came in they sold more than 100 apartment which all were bought by newer generation
m) Also you do not have to pay extra charges for electricity or other things which makes the maintenance look smaller but in fact when you add everything it is more or less same as Anita terrace.
n) you do not have to wait for garage. And why you have to get a garage there is no need as there is ample of street parking as after Anita terrace there is no big building and all town house only.
o) it is closer to fresh meadows park …think if you want to go for jogging every day.

Only you can make the decision as to where to buy. If you're working with a Realtor, have him/her guide you, request the finacials and have an attorney take a look at them, ask about assessments, do any exist or are there any forthcoming, etc. If you don't have a Realtor you may wish to interview a few and choose an agent, if the seller has representation so should you. People's opinions don't matter, facts do.

Anna
917-576-5376
abrocco@laffey.com

Hi BuyQueens - Great location-you can call Tatyana Pres Board/Man Agt#: 212-564-2111 to get the information you are looking. Don't rely on someone else to get it for you, you are making the investment. Get the latest 2 years financials and bring to your attorney to review or your accountant. There are presently 3 -1 bedroom apartments and 4- 2 bedroom apartments that are avialable. If your still looking call me Terry K 718-614-3167 cell