Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "River place in Rosslyn"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]What do you mean updates? Everything reverts to the land owner. Nothing is going to change that. The land is worth $100M+. At ~1700 co-op units, every share holder would need to come up with a minimum of $60,000 AND there would need to be a sell interest on the land owner's behalf to even tilt the odds into retaining ownership. Bottom line, that's not going to happen. The ground lease document is explicit: when the lease expires, all the improvements revert to the land owner. No renewals and no other rights given. The Nordheimer brothers should never have turned it into a residential co-op that had ~70 years left on a ground lease.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
