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.

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.

the maintenance is still higher than other coops.

When buying any co-op it is very important to have your attorney look at the finances before signing the actual contract; if you are satisfied after that point make your decision.

Anna
917-576-5376
abrocco@laffey.com

I'd be interested to hear what you found out, as I am looking to buy a place there too. The only concern I have is the fact that they had trouble in the past. Otherwise, I love the apt and location.

Yes Anita Terrace had some trouble in the past but it has all changed when they got a new management company. Now, the finances are sound (they have 1 mln dollars surplus), the building is well taken care of and more and more people is buying. The apartments are very nice and it is suppose to be a god investment to buy now.

Yes Anita Terrace had some trouble in the past but it has all changed when they got a new management company. Now, the finances are sound (they have 1 mln dollars surplus), the building is well taken care of and more and more people is buying. The apartments are very nice and it is suppose to be a god investment to buy now.

I have represented purchasers in several closings there and have never had a problem. Having said that, it is CRUCIAL that you (or more importantly your attorney) look at all the corporate financials, as again, when you buy a co-op you're actually buying shares in a corporation. So long as you take some time to go over the numbers and feel confident, you should be ok. I also tell many of my clients to either speak to building members directly, or ask several realtors who have experience with the particular building what their particular opinion is. You can never be too careful.

be very careful about investing in anita terrace! they went bankrupt in the 90's and i read they were selling co-ops again when the market went crazy in the past few years. i think that most people there are renting and now that the market has cooled off i think they will have a problem. they have beatiful floorplans in anita terrace but it is not a good co-op. there r much better in rego park.

Yes 100% Anita Terrace is the best bildings in Rego Park.