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Originally Posted by camberiu
Thanks Al. I am looking at Astoria (very few co-ops there), Sunyside, WoodSide, Jackson Heights and Rego park. I want a place that is near the subway. I found a decent looking co-op in Jackson Heights, but they are running a deficit on a budget. I've been told that this is normal in Queens. Is this true?
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I would also be wary of any co-op that has a ground lease, any place that has serial special assessments, and inadequate reserves for major repairs and rennovations.
Have you looked at condos as well?
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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