Monticello, NY – The hulking Dunbar Towers has been sold to a New York investment group that plans to finish the condominium complex and market the homes to the ultra-orthodox community.
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A Manhattan-based investment group called Dunbar Equity Partners LLC has told village officials it will spend $3 million finishing the seven-story complex with roughly 90 condos.
He believes the condos will be marketed in the orthodox or ultra-orthodox Jewish community, but the properties will stay on the tax rolls.
What does “Hulking Complex” mean?
Good luck with keeping it on the tax rolls. I predict that within a matter of days, someone will open a shtibel in his condo and claim it tax exempt. When challenged, he will claim discrimination.
Will this become another scandal where they will change it to a Federal subsidized apartments, only to be taken over by crimminals?
Exactly whom would buy an expensive luxury condo in Monticello to use a few weeks during the summer? It will be impossible to rent it out during the year since most heimeshe yidden want to live in a bungalow where their yinglach can have some open space right outside the door and they can feel like they are in the country. This building could be on 13th Avenue unless you looked at the zip code.
where is this located?
Within smelling distance of the racetrack’s stables….wonderful! What more can you ask for.