The building was newly constructed in 1996. This was at the time when the Federal Government subsidized investments in real estate in former East Germany and former East Berlin. Handling was through the banks. IBB (Investitions Bank Berlin) was the bank handling financing in this case. It was done in two ways: 1) a certain sum was paid out from public (Government) funds, not to be repaid, 2) low interest rate until 2014 (which is being paid). The individual apartments were sold and each buyer became owner of the apartment he bought with all rights and obligations. Financing, however, was not for the individual apartments or owners but for the entire property. Every purchaser has to join the GbR (German civil company) . The GbR has to pay off the mortgage in monthly installments. Each owner's share is calculated by the percentage he owns of the property (ownerhip shares as defined by the Shared Ownership Deed for this property). The monthly installments are part of the monthly Wohngeld (or hausgeld). So the buyer of this apartment simply takes the place of the seller in the GbR (this is a legal requirement when buying this apartment).

The very low interest rate is valid until 2014. After this, a new contract will have to be negotiated between the bank and the GBr, as there still will be a certain amount remaining (1,5% capital will not pay the entire mortgage). At the moment 81.000 Euro remains payable for this apartment so the buyer will pay 49,000 EUR plus fees. In addition owners will receive a dividend of 125 EUR per month (payable quarterly). This amount will decrease every year.

The original mortgage was approx. 180-185.000,- DM, which then was approx. 94.588 Euro. Applying 1.5% capital and 2,75% interest (4,25% sum) calculates the mortgage amount payable. In 2007 it was 4012. Total owners running costs in 2007 (mgt, maintenance and miscellanaeous) was 1011. Total cold rent plus dividend received in 2007 was 6828 EUR.

The roof projectiles were considered new building with a barrel roof was built. The house is located in the district of Prenzlauer Berg, near the train station Greifswalder Strasse. Infrastructure and transport links are good. That is the centre of Berlin - Alexanderplatz Unter den Linden - with the road or rail car in a few minutes. the balcony overlooks a row of trees in the middle distance,the kitchen was modern and fitted