The city’s Department of Housing Preservation and Development (HPD) is once again advertising a lottery for New York State residents to be placed on a waiting list for a two-bedroom apartment on Manhattan’s Upper West Side.
The co-op’s purchase price is only $26,376 with carrying charges of $357 to $688, depending on the number of dependents. Continue reading
One-bedroom units run $13,599-$16,757 and two-bedroom apartments, $18,985. Monthly carrying charges are no more than $620 for the small units and $722 for the bigger ones.
As is the practice of the Department of Housing Preservation and Development, however, there is no clue either in the ad or on the department’s Web site just which buildings will be available. And unfortunately, I do not know the neighborhood well enough to guess.
William Cornwell, a retired advertising art director, hired a brokerage firm to a rent out a studio in his West Village townhouse. Then a broker at the firm made him a proposition he found he couldn’t refuse: Why not rent it to me instead?
The result was that Cornwell, 74, signed two handwritten leases on two studios in his Greek revival townhouse, with the agent and the agent’s father, for below market rate and for terms of up to 20 years.
Now Cornwell is in court battling the broker and his firm, charging the leases violated the obligation under state law that a broker represent a client’s interests honestly, fairly and in good faith. In addition, the state is now investigating the transactions.
IF YOU USE A COMMON CLOTHES DRYER AND ARE PARANOID ABOUT BEDBUGS, Continue reading