Flickr photo by Michael Simmons
When buyers call brokers to say they are thinking about a home purchase, those brokers respond almost literally like Pavlov’s celebrated dogs. They may even actually drool.
I don’t plead guilty to drooling, at least not in such instances, but I admit to having made appointments for buyers who are unfamiliar with the housing market to see various properties.
Is such a practice fair to the sellers, who may spend a couple of hours stashing toys and scrubbing tubs, or to their brokers, for whom time is supposed to equal money? Continue reading
This Forest Hills semi-attached residence, which is subject to tenancy, has a minimum bid of $488,000 in the public administrator’s upcoming estate auction.
Queens Public Administrator Lois M. Rosenblatt will auction off four co-ops along with 14 single-family houses and other properties on Sept. 10 at 11 Sutphin Blvd. in Jamaica.
Properties range in price from $19,500 for 1.2 acres of vacant land in Greene County to $1.688 million for a one-story, 4,960-sf commercial warehouse in Long Island City.
You can find all the details here.
To take your own bite out of the Big Apple, you have the option here to search all available properties privately.
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Licensed Associate Real Estate Broker
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022
Example of an air conditioning unit that would be installed on a rooftop.
The following headline in the New York Post caught my eye:
Manhattan couple says hulking Duane Reade air conditioner blows away their view
According to the newspaper, they own a $3 million duplex on East 86th Street next to Duane Reade. Lo and behold, the store is planning to construct a huge eight-foot-high air conditioning unit on its roof.
Uh oh, there goes any view (from the second and third floors) and down goes the Upper East Side co-op’s value.
So Continue reading
This is the final Out and About for the summer, but please do check in for occasional posts on other topics meantime.
Second bedroom of my apartment, now on the market.
Two-bedroom apartments may well meet the needs of the biggest segment of buyers.
For one or two residents, they represent the flexibility of having an office, guest room or baby’s room for a family planning to grow.
For a couple already with offspring, two-bedroom units make it possible to accommodate easily (in New York City terms) two quite young children of even the opposite sex, two of the same sex into their teens and even three kids should it be possible to divide a large bedroom if, as often is the case, a true third bedroom is too much of a financial stretch for the buyers.
It is no surprise, then, that two-bedroom co-ops and condos accounted for approximately a third of the market share in Manhattan during the first quarter of the year. And they sell quickly when priced correctly.
Two-bedroom units that are listed under the market have been going fast, while those that seem to be exactly on the market take just a bit longer. That’s true of at least three pre-war apartments that I happened to see on the Upper West Side within the last couple of months. Consider these: Continue reading
View, what view?
Short is the distance between a high window in a prison cell and rooms with windows jammed into a corner.
Although the exemplar in the above photo, taken in a co-op between Amsterdam and Columbus avenues in the low 90s, shows that light enters the living room, the windows add nothing else. In fact, they throw off the room’s balance.
Without going up to the windows themselves, such a configuration require a resident to hike over to them just to know the weather. They probably are better for jumping out than looking through.
Yet the apartment, Continue reading
Portion of a wall that needs help
Clean windows, polished floors, organized closets and sleek kitchen all communicate positive aspects of any home being considered by buyers.
One characteristic that is not usually noticed at once also can have a decided impact on first impressions and subsequent appreciation of properties on the market.
That is the walls, especially in pre-war apartments and townhouses. The shape they are in speaks volumes. They thereby affect prices in ways that can elevate or depress the selling price.
Consider the photo above. Perhaps you can Continue reading
(Flickr photo by luxomedia)
Anyone planning to undertake major renovations in a co-op apartment faces a forbidding task. Without the building’s prior written consent to undergo structural alterations of an apartment, count on trouble ahead.
If you are a brave soul with plans to expand the kitchen you soon will acquire, add a bathroom or take down a wall, there is no guarantee that the co-operative will approve the alteration request.
Many boards won’t even consider Continue reading