The financial mess dragging down an Upper East Side building has triggered warnings about buying into a small condominium. In the case of 40 East 72nd Street, three buyers spent about $11 million apiece for residences in the luxury building and the sponsor claimed the penthouse, but the remaining three units went unsold for years. Now the condo is mired in a legal dispute and out of cash. “Just one reason we never recommend buying
source https://therealdeal.com/2019/11/19/nightmare-on-e-72nd-street-raises-question-are-small-condos-risky/
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