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
I frequently am asked why I publish this weekly feature. Well, not frequently. Actually, not at all.
But I thought you might permit me to indulge myself with an explanation.
It happens that I (among others) believe it is essential for real estate agents to get to know their market intimately. That means not merely reading listings online but kicking the tires, as it were.
Not to toot my own horn too loudly, let me express my sense that only a minority of us go to the trouble of checking out listings personally just because they exist. In other words, we don’t look at properties that might interest only a particular buyer but properties that may fit the needs of the next buyer as well.
The process of thereby learning the market takes a fair amount of time and uses up an unholy amount of shoe leather. One week, I counted Continue reading
Have a great holiday week! No more posts until July 8.
In a highly successful auction Wednesday of two Manhattan buildings that the state has declared surplus, taxpayers benefited with winning bids totaling $5.97 million.
An estimated 300 individuals jammed into the auction room on the eighth floor of the Adam Clayton Powell State Office Building on 125th Street to witness or participate in the sale. There were 107 registered bidders, according to one official.
“Our goal is to get property on the tax rolls,” said the official, James P. Sproat, director of Real Estate Planning & Development in the Office of General Services. “We’re satisfied that we’ve done the best for the taxpayers.”
Auctioneer Chuck Scheifer was less restrained: “I’m incredibly pleased and thrilled,” he allowed. “Fantastic.”
First on the block was Continue reading
Indiana Jones comes to mind. Imagine the challenging and unsavory conditions he had weather on the way to the treasure he was hunting.
So it would be for buyers in search of a new home as they approach the building where an 800-sf apartment awaits them in the very low 100s of a Central Park West block.
When they spot the building, a pet-friendly 1900 low-rise with no elevators and no amenities beyond private storage, they undoubtedly will note Continue reading
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. Continue reading
One kitchen, in a townhouse floor-through in a Central Park block of the high 80s, fills a nook off a hallway.
The second kitchen fills, overwhelmingly, the living room of a three-bedroom duplex in Lincoln Square.
Both of them are stunning — in the first case because it is so inadequate and, in the second case, because it is so out of scale. Continue reading