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considering purchasing a studio at the 57th st property in NY

sandrale3

newbie
Joined
Mar 27, 2011
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Location
vA Beach, VA
I am a new member of TUG and am considering purchasing a studio at the 57th st property in NY. I am looking for help in deciding whether this is a good decision. How hard is it to use a property that you do not own...are there any suprise fees after you buy....does anyone own a property that has been sold out; how much did you maintenance fees increase after hilton is no longer selling property....any other comments or concerns would be appreciated.
 
Hi and welcome to TUG! :hi:

I moved your post to a new thread where it will be more visible.

Here are some discussions about this property to get you started - 5th Street
 
Before you buy at W57th...check out the New York Hilton Club

Welcome to TUG. I think you will get help from other TUG members...collectively there is a wealth of knowledge here. I own at the Hilton Club of New York which I think is a better buy for anyone looking to own in NYC. West 57th prices are many times that of a comparable property...and the experience of owning at the Hilton Club New York has been very positive.

The ownership at the Hilton Club allows you to have the choice of studio, 1BR or 2BR...(depending on the number of points you own, or borrow for that year). The 1BR and 2BR units have a sofa bed in the living room so you can accommodate guests...something you CANNOT do at W57th... their sofas are just that..and too small to sleep on. While stylish, the W57th property lacks privacy for traveling companions... quite a few of the early buyers of W57th thinking they were upgrading from the Hilton Club regretted the move and cancelled their contracts or Hilton helped them move.

The W57th property has two things going for it...their annual dues are lower than the Hilton Club NY... I am not sure they get all of the amenities (i.e. daily maid service, access to the faciliites of the NY Hilton Hotel)...and while the W57th is a traditional timeshare which lasts forever... the Hilton Club NY is a RTU (Right to Use) contract that expires in 2032).

You can get a great deal on the Hilton Club NY from either Judy Kowalski or Seth ...there is one on eBay right know...for 7000 points (good for a studio each year)... recommend checking out a 9000 point (good for a 1BR).

Good luck on your decision... welcome to TUG. :)
 
here is Judy's contact information. We just used her to purchase our first HGVC timeshare (resale) and she was great:

Judi Kozlowski P.A.
RE/MAX Properties SW, Inc.
Licensed Timeshare Resale Brokers Assoc.
Accredited Buyer Representative
www.JudiKoz.com
www.LTRBA.com
Toll Free 800-541-5666 Ext.622
Cell (407)-921-0000
 
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