Hey Andy Craig, I live in the Lenox; going on 14 years. There's many seniors and disabled that are protected and can't be asked to moved. Believe it or not, there are professionals living here. We have lawyers, bank officials, Broadway song writers, TV script writers, etc. Decent tenants... We're trying to keep our home. Construction has stopped and we don't know why. The building mgmt has so many secrets. My apt is going for $330K, maintenance is $450, taxes are $650. My monthly payout would be $1100 and that doesn't include the $2400 a month mortgage payment. I predict in 5 years, many of the owners will be forced to sell or go into foreclosure. When mgmt say, "50% sold" it's based on what they had for sale roughly 75 units out of 300. Many of the tenants have very poor conditions which the building will not repair because, the rumor is, they will increase their rent if any renovations are done. Some people have cabinets that are falling off their hinges when next door there's a brand new "renovated" condo for sale.
If you can afford the cost of these condos, maintenance and taxes, it's worth buying. In my opinion, for the cost you can get brand new construction. The Manhattan view is great, but I have the sunset, west view which is great. I have many years of beautiful photography. I will miss this place and my dear neighbors once I move.
Good luck with your search. The commute into NYC is awesome. I find it quicker then living in Queens. My friends find the commute from NY to NJ easy and cheap.