Anita Terrace in Rego Park Queens went bankrupt 10yrs ago? Is this a safe investment? Anyone know about their financial situation?

Asked by wenyeung, Forest Hills, NY Mon Sep 17, 2012

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Anu Dutta, Agent, Forest Hills, NY
Mon Sep 17, 2012
Last thing I heard that they were doing much better after they changed their management company few years back. Still the maintenance is high, I am sure it takes a while to fix all or most of the problems. But the best thing is to review their financials. Its very simple, you can always ask for a copy from the seller or selling agent.
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Fajardo Dela…, Agent, Flushing, NY
Mon Sep 17, 2012
It looks that Anita Terrace has fixed and is come out of its financial hartship.
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Thomas Brady, Agent, Plainview, NY
Mon Sep 17, 2012
Many people feel that because of those problems Anita Terrace provides a good value. They have a new management company since than and were operating at a surplus a few years ago, I don't know about now. If you are interested have your attorney or accountant look into their financials so you will have an accurate picture and can make an informed decision. Good luck.
Licensed Real Estate Salesperson
Notary Public, Retired N.Y.P.D. Lt.
"We treat you like family!"
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803
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Anna M Brocco, Agent, Williston Park, NY
Mon Sep 17, 2012
Ask your attorney to review all co-op related documentation including the financials....then go from there....
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