333 Park Avenue South C of O

[David Goldsmith]

Many years ago I tried to do some deals in this Coop but they fell through due to Certificate of Occupancy issues. Recently I'm getting dodgy answers to the question "Does the unit have a fully residential C of O?" like:
"This self-managed, boutique coop is a mix of residential and small commercial tenants."

As far as I can tell the building has been running on a series of TCO, the lastest which expired on 3/9/2021. Does anyone have the straight dope on this building?

 

[David Goldsmith]

This is far from new construction (built over 100 years ago, Coop over 30 years) yet going on TCO renewals lately. The latest I got was "Can still finance in bldg with the TCO FYI so really not an issue."

 

[drummer87]

Just started my own diligence on this building. Would love to compare notes! I'm trying to understand what rights a residential tenant might have here given the sponsor owns all 17 of the commercial units and there are 8 residential units.

@David Goldsmith