Archive for the ‘Manhattan’ Category
Weekly Roundup: Broker titles, celebs on the move, growing supply, reverse mortgages, the American Dream, boarding houses, and moreJuly 19, 2013
There has for some time been confusion about the permissibility of brokers giving part of their commissions to their buyers.
The money obviously can be perceived as an incentive for the buyer to ask for representation by a broker.
One reason that brokers may demur, however, is the New York Real Property Law, which declares the following: (more…)
Real estate brokers in the state number 52,855, nearly half them in New York City.
Number of complaints filed with New York’s Department of State last year: 952.
Given what most consumers think of real estate agents and the number of times that I alone have observed violations of state law, those numbers just don’t square with reality.
There’s a simple explanation. (more…)
Totally renewed with skim-coated walls, fresh paint throughout, brand-new lighting and numerous other improvements, the pristine pre-war apartment on a high first floor contains approximately 1,200 square feet, a modern kitchen with granite countertops and upscale appliances, two baths with stylish new updates that include Carrara marble, and exceptionally spacious closets.
About halfway between Central and Riverside parks and in the middle of a neghborhood with all kinds of grocery stores, retailers, schools, restaurants and other amenities, the pet-friendly boutique building provides a part-time doorman seven days a week, live-in supers, bike room, laundry room and private storage room (for which there is a waiting list). Washer/dryers, sublets and pieds-a-terre are permitted.
The apartment is priced to sell, at $995,000 with monthly maintenance of $1,812. There’s more information and you’ll find more photos here.
You may have guessed by now that I am listing the apartment for sale, and the first open house will be Sunday, June 2 from 12:30 p.m. to 2:30 p.m. This co-op happens to have been a wonderful home for me over the last seven years.
Tomorrow: Weekly Roundup
To take your own bite out of the Big Apple, you have the option here to search all available properties privately.
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022
Weekly Roundup: Skinny condominiums, celeb comings and goings, nation’s price and sales increases, continuing rate rise, investmentsMay 24, 2013
To writer/editor Norman Schreiber, co-op boards engage in “bloodlust psychodrama.” He is the author of what Schreiber describes as a “fun novel,” Out Of Order, about murders in a co-op. It is available on Amazon.
by Norman Schreiber
Awesome and awful is a bill under consideration by the New York City Council.
The Council, that bastion of reform, hopes to transform the co-op sales process, though the effort faces a hard road.
As recently reported here, the pending bill (Intro 188) obviously views co-op boards of directors as evil and discriminatory. The measure would mandate transparency and accountability via 45-day time limits, explanations for turndowns, retention of documents for five years and board member certification that no discrimination occurred in rejecting a shareholder application.
Intro 188 puts the burden of proof on all co-ops to show that they don’t discriminate, instead of proving a pattern of discrimination in those that actually do so. I’m not sure if the bill could work; more likely, it would change the way in which discrimination is covered up.
Two houses in Manhattan also are available to bidders
If security is paramount, the happiness will be hard to contain of whoever is the winning bidder at the auction of a property in Northern Adirondack Park this summer.
On 27.3 acres in the hamlet of Lyon Mountain in Dannemora, the property includes several acres of undeveloped land and 23 buildings totaling 90,676 square feet.
New York State is selling the former minimum-security correctional facility as surplus property on July 10, and the minimum bid is a mere $140,000.