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.
Subscribe by Email
Licensed Associate Real Estate Broker
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022
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: Continue reading
(Flickr photo by Metropolitan Police)
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.
Those figures were reported by the Real Deal in a piece about how hard will be enforcement of new advertising rules. (I reported on the changes previously.)
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
The questions in the headline are something of an exaggeration and wholly a cliché that I was too weak to resist, but a new online service made me do it.
You can check BuyerCurious.com yourself, then wonder how well the process would work for you in New York. In a nutshell, the site describes its benefits this way:
Buyers can search homes for sale, request showings, and make an offer on a home online, while sellers can list a home for free, get information on low cost and discount ways to advertise their properties tapping the best of web 2.0, get professional yard signs, receive and negotiate offers, and finalize a purchase agreement in a private, online Deal Room.
From my biased point of view, I can’t imagine that even the site’s cafeteria of services would help buyers anywhere; as for sellers trying to unload a home themselves, that debate continues.
Although Robert Hahn, a consultant focusing on the real estate industry, sees the site as the beginning of the end of buyer representation, Continue reading
The New York Department of State says in a stunning opinion letter distributed Monday by the Real Estate Board of New York (REBNY) that many of us real estate salespersons and associate real estate brokers, including me, are violating the law.
Associate Attorney Whitney A. Clark states in the letter that those of us who adopt or receive corporate titles such as vice president on upward are in violation of the real property law if we are not actually officers of the corporation — for example, any incorporated brokerage.
In the one-and-a-half-page missive, which amounts to a bombshell, Clark declared: Continue reading
After Sandy struck, residents of 88 Greenwich St. in the Financial District originally were told it would be four months before they could go home.
There is a section of property law that declares tenants’ right to live in conditions not dangerous, hazardous or detrimental to their life, health or safety.
Under the “warranty of habitability,” tenants have the right to a livable, safe and sanitary apartment.
Under the warranty — in other words, guarantee — a unit must provide heat or hot water on a regular basis. Other issues include, leaks, mold, broken plumbing, elevator service in high-rise building and insect infestation.
It is up to the landlord to remediate conditions that make a rental unit unlivable, no matter the cause. If a landlord fails to act, the warranty of habitability provides tenants with the opportunity to obtain financial relief in one of three ways. Continue reading
When I wrote about proposed new advertising rules for real estate brokers, I was unable to find specific penalties.
Now Whitney A. Clark of the Department of State has enlightened me with a response to my search for answers, and the good news is that virtually all violations of New York Real Property Law can produce the same costly punishments. Continue reading