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the big thing with a co-op is if it can't pay it's debts, the bank takes over, you lose your shares and you end up a renter and having a mortgage
in rego park Anita Terrace almost went belly up, they were in chapter 11 and in court with the sponsor for years and only a nice judge saved them from being liquidated
where is this? most of the red bricks are around 85 units so if this was in rego park or forest hills i'd probably know a 96 unit building
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