Despite strong early interest, two distinctive suburban properties in separate auctions suffered little competition among bidders on Sunday.
Only two of four registered bidders raised their hands in the auction of a 3,988-sf residence designed by architect Norman Jaffe in the Laurel Hollow village of Oyster Bay on Long Island’s North Shore
At the Mark Hotel on the Upper East Side, the house was gaveled down after receiving a mere three bids — a $1 million minimum opener, then $1.010 million and finally Continue reading
Few buyers and sellers of residential real estate believe everything in advertisements placed by brokers and agents.
Neither does New York’s Department of State (DOS), which is proposing to implement new rules as a consumer protection to replace its informal advertising guidelines. In a notice about the change published on Oct. 24, it said:
After consulting with the New York State Board of Real Estate, however, it was determined that enforceable regulations were required in order to adequate protect the public from dishonest and misleading advertising practices.
Covered by the rule is Continue reading
I had referred to him a man who wanted to rent an apartment in Manhattan in the range of $4,000 a month. It wasn’t the first such referral I had made to “Bruce,” but it was the first successful one.
There arrived in my mail a nice thank-you greeting card along with a $200 gift card for use in several restaurants.
The problem is Continue reading
Update: The Armonk and Laurel Hollow auction date has been changed to Nov. 18, apparently because of Sandy. Ditto for the Pierson Lakes sale, to be conducted in early December at a date to be determined.
Impressive-looking houses in the New York State communities of Armonk, Laurel Hollow and Sterlington are scheduled to go on the auction block next month.
Besides the 3,884-sf Armonk property shown above, also to be sold are a 3,988-sf residence designed by architect Norman Jaffe in the Laurel Hollow village of Oyster Bay on Long Island’s North Shore and a 10,000-sf model home in the Pierson Lakes community of Rockland County’s Sterlington.
In addition, Continue reading
Real estate reporter Jill Urban of NY1 interviewed me last week about the ways buyers or sellers can cause trouble before a contract is signed.
We also discuss what either party can do when sensing a problem. I hope you enjoy viewing her short piece on red flags in real estate.
I know I enjoyed participating and finally meeting Jill, with whom I have several mutual friends in the business.
The clip is only two minutes long and includes one of those friends, lawyer Ron Gitter. I’ll have much more detail about the issues in a future post.
Tomorrow: Thanks, Rodney
To take your own bite out of the Big Apple, you have the option 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
Ethical real estate brokers who are members of the Real Estate board of New York (REBNY) have a requirement that is not in New York State law, notes Neil B. Garfinkel, the organization’s residential counsel.
If representing a member of her/his immediate family, according to REBNY’s Code of Ethics and Professional Practices, a broker must disclose that relationship in writing to other parties to a transaction.
Although the state doesn’t require that disclosure, Continue reading
Numerous condo and co-op buildings restrict the amount, place or even the contents of notices and other paper that residents want their neighbors to see.
The arguments in favor of the restriction range from preserving dignity and removing clutter to avoiding political disputes.
For years, community association leaders and lawyers were in agreement that since condos are not governments, the First Amendment did not protect condo owners from speaking freely, lawyer and columnist Benny Kass observes in the Washington Post. But a recent court ruling suggests the possibility that courts in some states may rule on the side of building residents, rather than their boards.
He reports that an opinion handed down by Continue reading
Although legislation has been drafted to extended tax abatements for apartment owners, there are changes that residents may not have been expecting.
It has been widely reported that the legislature is expected to go into special session later this year to vote on the co-op/condo abatement, the J-51 program and a technical amendment for 421a tax benefits, which are aimed at encouraging new residential development in high-density districts in Midtown as well as in downtown Manhattan.
But only when I received an e-mail from the Real Estate Board of New York (REBNY) did I notice details that affect many residents of the Big Apple. Continue reading