William Penn House Coop - Page 3 - PhillyBlog

PhillyKev · #21 (**permalink**) 03-14-2006, 03:42 PM

Quote:

Originally Posted by UrbanChick

I don't believe that going open market would change its status as a co-op and hence the requirement for board approval for new owners.

What exactly do you mean by open market then? Open market to me means up for the highest bid. If you require board approval first then it is NOT on the open market. These are two mutually exclusive ideas.

UrbanChick · #22 (**permalink**) 03-14-2006, 03:55 PM

Perhaps I have my terms mixed up. I am referring to co-op owners being allowed to sell for market rate, rather than the value of the apartment being restricted by the co-op. What price an apartment commands is a separate question from the fact that in a co-op, you technically own not the apartment itself, but rather shares in the building, and hence, your purchase is subject to board approval.

fickle23a · #23 (**permalink**) 05-04-2006, 01:45 AM

Where do I find information about open market sales in the William Penn House?

lopski2 · #24 (**permalink**) 05-04-2006, 01:46 AM

www.williampennhouse.net

Bryson662001 · #25 (**permalink**) 05-04-2006, 03:43 PM

There are no "open market" sales at the WPH.....yet.....although many think it is just a matter of time. The building is divided with probably a majority pushing for open market.....which needs a 2/3 majority to pass. Owners will at least double their money if it does. Same story at the Kennedy House.

PhillyBoy · #26 (**permalink**) 05-05-2006, 10:26 AM

Quote:

Originally Posted by 1546

I went in for an application (1919 Chestnut St).

The lobby area felt like a hospital. Big, Sparse, Cold, Worn Out.

Avg Age Going In/Out Of Bldg: 80???

WPH Cultural Events Schedule:

Macular Degeneration Workshop

Medicare Updates

Yes. These were actual events.

Price and Location Is Great! I can understand the wait list.

By the way, are you also going to post the number of whites, blacks and asians "Going In/Out"? How about people with tatoos and piercings?

Would you also mock breast cancer screenings and Aids tests? How about updates on increasing voter registration among blacks? Are they fair game?

HughE 2030 · #27 (**permalink**) 05-06-2006, 12:14 PM

Thanks for posting your monthly fees. I wish I knew what everyone paid in the City. Our montly fee at the Philadelphian for a 1167 sq foot place is $878 which includes cable, electric, shuttle bus, and heat/AC. Our parking is $109 and there is a year waiting list. Our gym/pool membership is $350, we have 2 pools (indoor outdoor pool)

fickle23a · #28 (**permalink**) 03-03-2007, 08:03 PM

I doubt it will pass - the vote is this week.

I don't think that the votes are there for it. Maybe in another 10~15 years or so.

It's being discussed further at williampennhouse.net

gone down south · #29 (**permalink**) 03-03-2007, 09:09 PM

Quote:

Originally Posted by fickle23a

I doubt it will pass - the vote is this week.

I don't think that the votes are there for it. Maybe in another 10~15 years or so.

It's being discussed further at williampennhouse.net

And by "being discussed", you mean 1 post in 2007?

Levster99 · #30 (**permalink**) 03-04-2007, 10:21 AM

Being a resident there, I can state with a reasonable degree of confidence that there is not a critical mass of internet users.
I believe the "Vote" which is an ammndment to the Co-op rules may actually pass as there is a steady impetus in this direction. If it does pass and they allow open market sales for FMV it will be interesting to see some of the comps. Many of the units need complete rennovation. Incidentally the units have appreciated almost 20-25 percent in the last year.....