Shall You Buy A Unit At The Solaire | 20 River Terrace — Battery Park, Manhattan

Battery Park

Ground leases are interesting.

The leases all expire in 2069

The Solaire at 20 River Terrace ground lease

There is no automatic right of renewal.

A portion of the monthly maintenance goes towards the rent

Likely to trigger a maintenance increase for 20 River Terrace!

  1. Hudson View East
  2. Hudson View West
  3. Battery Pointe
  4. Hudson Tower
  5. Soundings
  6. Liberty Court
  7. Liberty Terrace
  8. Cove Club
  9. Liberty House
  10. Liberty View, and
  11. Regatta

An illustration in numbers for 20 River Terrace

To summarize:

  1. Worst Case Scenario: PILOT 2,424 and MAINTENANCE 3,700 = total of 6,124
  2. Hopeful Scenario: PILOT 2,424 and MAINTENANCE 2,557 = total of 4,962
  3. Even Better Scenario: PILOT 2,424 and MAINTENANCE 2,390= total of 4,814

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Georges is the Co-Founder of NestApple.com and has been working in Wall Street for the last 17 years trading derivatives and mortgages with hedge funds.

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Georges Benoliel

Georges Benoliel

Georges is the Co-Founder of NestApple.com and has been working in Wall Street for the last 17 years trading derivatives and mortgages with hedge funds.

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