battery park city: Fannie Cuts Battery Park City A Break - 05/16/10 07:10 AM
Thanks to Fannie Mae, Battery Park City residents hoping to sell their apartments can breathe a little easier. Fannie Mae is going to back loans in this waterfront neighborhood now that it has completed its review of the neighborhood's ground leases.Battery Park residents live on land leases which means they have to pay rent for the land their buildings stand on. Each of the dozen or so buildings in the area has its own ground lease. Those ground lease fees are factored into the residents' monthly payments and could more than double as the leases expire in 2011. That potentially steep … (1 comments)

 
Ross Ellis (Halstead Property, LLC)

Ross Ellis

Manhattan, NY

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Halstead Property, LLC

Address: 770 Lexington Avenue, 10th Floor, New York, NY, 10065

Office: (212) 317-7828

Fax: (646) 472-7875



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