Is that Ang's picture in those windows? Does he own this building? who's pine bush reality? it's says it's located at 376 Broadway. I never saw it there. anyone know?
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Santabarbara LLC paid $380K in 2007, it's assessed at $275K in 2007 and they're asking $399K in 2011. Hmmmmmm...Why is it only assessed at $275K? Those Santabarbara's are smart guys, I can't believe they overpaid by $105K over the assessed value. Favors? Naaaaahhhhh...
If you look at the history of the property, you will see that it was bought on 4/23/2007 by James T. Commarto for $486K off of176-180 Erie Blvd R.E. THEN 7 days later he sells it to Santabarbara LLC for $380K WOW he lost $106K in 7 days!!! Then, the County goes and assesses the property at $105K less than the Santabarbara purchase price. In just 7 days the value of the property through the eyes of the County devalued $211K..WOW...How lucky or unlucky were the Santabarbara's?(depending how you look at it.)
I don't know much about the building, other than it used to be Wallace Armer hardware.
What's interesting though, is that it is directly next door to 302 State St, that is also for sale, as per bumblethru's thread about it. I'm pretty sure the 2 buildings share the parking lot that's between them.
What's interesting though, is that it is directly next door to 302 State St, that is also for sale, as per bumblethru's thread about it. I'm pretty sure the 2 buildings share the parking lot that's between them.
So between both buildings and their shared parking lots, there was a total of $275K on the tax roll.
Sure smells like the same stench coming from Shardon Ct in Rotterdam. Tomassone's brother buys Dave Ingalls house for 562,000 and within a year his assessment drops to 425,000. No wonder Steve wants to be left alone.
John Meertz another interesting case. Buys a house for 411,000 and his assessment is dropped to around 350,000 within a year of purchase. Stinks for the struggling taxpayers who pay their fair share.
Santabarbara LLC paid $380K in 2007, it's assessed at $275K in 2007 and they're asking $399K in 2011. Hmmmmmm...Why is it only assessed at $275K? Those Santabarbara's are smart guys, I can't believe they overpaid by $105K over the assessed value. Favors? Naaaaahhhhh...
If you look at the history of the property, you will see that it was bought on 4/23/2007 by James T. Commarto for $486K off of176-180 Erie Blvd R.E. THEN 7 days later he sells it to Santabarbara LLC for $380K WOW he lost $106K in 7 days!!! Then, the County goes and assesses the property at $105K less than the Santabarbara purchase price. In just 7 days the value of the property through the eyes of the County devalued $211K..WOW...How lucky or unlucky were the Santabarbara's?(depending how you look at it.)
See........there are benefits when you register democon!!!!! That's why it's referred to as 'the party of whores'!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Maybe they should pull down those moldy ANG for Assembly signs on the second floor? It might turn off the one potential buyer. Working together works but follow Vinny De out the back door. Do you know the way to Saratoga County?
[D price,quote=61] Maybe they should pull down those moldy ANG for Assembly signs on the second floor? It might turn off the one potential buyer. Working together works but follow Vinny De out the back door. Do you know the way to Saratoga County?[/quote]
Maybe the fact that they're there would bring the price of the building down enough that somone might actually consider purchasing at a greatly reduced price, even if its only to use the signs for a museum forthe wonders that have helped change downtown.
Surprised that ANG doesn't sell his cheese over there. He's been cutting the cheese all over the County. Cigar store on first floor-smoked gouda on the second.
Sure smells like the same stench coming from Shardon Ct in Rotterdam. Tomassone's brother buys Dave Ingalls house for 562,000 and within a year his assessment drops to 425,000. No wonder Steve wants to be left alone.
John Meertz another interesting case. Buys a house for 411,000 and his assessment is dropped to around 350,000 within a year of purchase. Stinks for the struggling taxpayers who pay their fair share.
Appears as though Santabarbara is pulling up stakes and giving up on the Miracle of Schenectady. One Democratic County Legislator has resigned and left the county. Now, another is divesting of his real estate holdings in the county?
Appears as though Santabarbara is pulling up stakes and giving up on the Miracle of Schenectady. One Democratic County Legislator has resigned and left the county. Now, another is divesting of his real estate holdings in the county?
The mighty SS Savage set sail for her big lob job in Albany. Cousin Vinny couldn't afford to pay the outrageous taxes he always voted to increase. Couldn't wait until the end of his term to bolt. Now ANG is trying to cut his losses and run. Who can blame him? This maybe a positive development with all the vacant property on Erie someone can make a bigger footprint! Perfect place for Gillen's Gulch Part Deux!
Quoted from Cicero: If you look at the history of the property, you will see that it was bought on 4/23/2007 by James T. Commarto for $486K off of176-180 Erie Blvd R.E. THEN 7 days later he sells it to Santabarbara LLC for $380K WOW he lost $106K in 7 days!!! Then, the County goes and assesses the property at $105K less than the Santabarbara purchase price. In just 7 days the value of the property through the eyes of the County devalued $211K..WOW...How lucky or unlucky were the Santabarbara's?(depending how you look at it.)
The timing of these events certainly raises some questions. Why would an individual choose to incur a $106K loss only 7 days after purchasing the property (as reported by Cicero)? Further, if the reassessment was done immediately after the purchase at the lower price, there is a question about what prompted the action. To my understanding, properties revals that result solely from a title conveyence are illegal ("welcome neighbor assessment").
LOL Why would anybody be "sour" over unfair, quid pro quo, wink and a nod, backroom, politically motivated assessment reductions done through intimidation and threats? The only thing "sour" is the stench left over in Rotterdam from Tomassone, Mertz and Parisi and their cavalier, arrogant, pompous attitudes. Read what you post you hypocrites!!!
You simpletons piss and moan over illegal meetings, quorums, real estate deals, etc. Get a life and be productive for your community or get out!!!! Trust me.....nobody cares about these pissants!!!
To my understanding, properties revals that result solely from a title conveyence are illegal ("welcome neighbor assessment").
I'm sure that there are details that we don't know or understand.
That may be the case. The $275K assessed value may be an old assessment that was never updated. But I thought there was a city wide assessment in 2009? Maybe an oversight?
Logged
Favors? Naaaaahhhhh...
Maybe they should pull down those moldy ANG for Assembly signs on the second floor? It might turn off the one potential buyer. Working together works but follow Vinny De out the back door. Do you know the way to Saratoga County?
Surprised that ANG doesn't sell his cheese over there. He's been cutting the cheese all over the County. Cigar store on first floor-smoked gouda on the second.
