Foreclosed co-op on the UWS could be a bargain

The kitchen of Apt. C, 107 W. 106th St., has been recently renovated.

An Upper West Side one-bedroom co-op that has been in the foreclosure process for months is headed for the auction block on Aug. 18.

According to an 86-week-old listing, Apartment C at 107 W. 106th St. contains 550 square feet and has been totally renovated.  Its latest asking price, since July 10, is $325,000.

The listing puts monthly maintenance at $565, but the lender’s lawyer, Ronald S. Kahn, says it is $603, which is likely the correct amount.  Moreover, Kahn reports that a total of $9,165 is owed for maintenance, late fees, assessment and legal fees as of Aug. 1. Continue reading