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Blecher_onthe_Hudson t1_j3m6zu6 wrote

I've been meaning to ask if anyone knew what the story was about this thing too! I can't believe it has sat there this long dripping chunks off the facade. Is there a years long legal battle for possession?

It would be interesting to try to figure out just exactly where they are as an investment. Assuming 1 owner and borrowed money, the property has appreciated certainly more than the taxes paid but a lot depends on what rate the money for construction was borrowed.

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SonOfMcGee t1_j3pagay wrote

The gross disintegrating exterior is funny, but in the grand scheme of things is probably cheap enough to fix and finish, right?
Makes me wonder what serious, non-cosmetic things are wrong with the building.

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objectimpermanence t1_j3pcyfs wrote

The chunks of missing facade material probably make it easier for moisture to get into the walls and such.

I think there’s a saying that moisture is a building’s worst enemy or something like that.

So I wouldn’t be surprised if there’s a bunch of hidden water damage there. Especially if the building has been closed up for several years with no HVAC system running to control humidity inside.

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Blecher_onthe_Hudson t1_j3pcgux wrote

I dunno, ever gotten exterior prices? I would not be surprised if stripping and redoing that was well into 6 figures. Every time I walk past it seeing the failing exterior makes me queasy, some contractor told the owner that he knew how to do that, no problem! I paid a mason to do front stairs work and 4 years later it was way worse than when he started.

I've long described hiring contractors like flinging yourself off a cliff into the ocean and hoping a wave is covering the rocks when you hit. Even good ones leave you easter eggs you find years later...

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ChissWiz t1_j3q7z3s wrote

Or it continually failed inspections which is more likely.

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