Weekly Roundup: Upcoming auction, Hamptons rentals, U.S. prices, trending rates, much more

Queens public administrator schedules auction of three co-ops, 12 houses from $64,000 to $1.054 million

Co-op boards have broad latitude in making, amending, rescinding house rules, however wiggy

Suburbs, particularly in Connecticut and New Jersey, see rising prices

And in the Hamptons, number of $1 million rentals — for the summer alone — approaches record

Homeowners hurt by Sandy to receive property tax reductions totaling $90 million

Uh, those folks using balconies for storage or dead house plants can opt for highest, best use

When it comes to living here, actor Richard Kind knows what he loves

Again to be newly wed, actress turned fashion mogul lists Beverly Hills estate for $8 million

Discount taken in purchase of singer’s Central Park West apartment hardly immaterial

Rap mogul Continue reading


Weekly Roundup: Landlord confession, piece of Portugal, April building permits, pocket listings, air purifiers, timely Lotto win, recovery threats

Penthouse pursuit is costly contagion to attain height, light, unobstructed views

Airbnb gears up for Albany initiative that would regulate short-term apartment rentals

City plans sale to debt collectors of tax liens against Sandy-hit homeowners

Cost of rent, price of property actually moving in sync

New York region’s borrowers way below average of homeowners who deduct mortgage interest

Stuyvesant Town tenants told pay up and up or move out this summer

Onetime Sinatra apartment sells after steep price cut

Lease confessions of small landlord make for compelling reading

All it takes is money, but there’s still rental inventory in the Hamptons

Investment group identified as purchaser of most expensive Manhattan residence, One 57 penthouse

Nascar superstar lists trophy condo on Central Park West for $30 million

Dancing queen Continue reading

No one wants even to think about insurance

Few topics relating to real estate are less scintillating or more critical than homeowners insurance.  Remember Sandy?

Even if a terrible storm doesn’t ruin your home or its contents, anyone who has experienced a loss will vouch for the importance of homeowners or renters insurance.

If your eyes haven’t already glazed over, here in a nutshell are items in a homeowners policy that merit attention:


Weekly Roundup: All-cash offers, reality dust-up, high annual sales growth, no-doc loans, Newtown resiliency, worst investments, housing ‘haze’

April transaction volume in Manhattan beats year earlier by 24 percent as supply finally starts to rise

Rent board preliminarily approves annual increase of at least 3.25 percent for one-year lease

Winning offers at even lower levels more likely than ever to be all cash

State passes overhaul Continue reading


Weekly Roundup: Buyer woes, singer’s many purchases, U.S. price gains, mortgage brokers’ profits, soulful kitchens, millennials’ optimism

Manhattan a tale of two markets

Real Estate Brokers Predict a Tough Time for Buyers

Buyers ask, brokers try to answer

Tight inventory leads buyers to risk their down payments

Popular keywords enable listing agents to sell fast

Booming Hamptons market pushes renters east

And Fire Island fights Sandy’s effects on housing market as summer approaches

For trophy properties, $100 million is the new $50 million

Short supply of Brooklyn brownstones, leads to whopping price tags as more Manhattanites switch boroughs

For fixer-uppers, go east

City official says two, three more micro-unit developments in the offing

Sanitation Department schedules disposal events for hazardous products in five boroughs

Social media bigwig accused of trashing apartment in Chelsea and purchases big Greenwich Village loft for $8.15 million

Noted artist lists for $3.13 million Fort Greene townhouse purchased for nearly $2 million less in 2007 and renovated

Network TV anchor Continue reading


Only tenants have certain rights in unlivable unit

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


Weekly Roundup: NYC adjusted prices, SoHo’s highs, upward trending rates, $117M record price, houseplant pointers, recovery skeptics

Housing prices below 2008 peak, sales 21.8 percent lower than 2007 peak

But 2012 median lowest since 2004 adjusted for inflation

Beachfront houses wrecked by Sandy being sold ‘as is’

Assembly, Senate pass renewal of co-op/condo tax abatement

Building in Williamsburg tops list of 10 best-selling new developments in 2012

Region’s foreclosures tick up in November

Boerum Hill beats out Dumbo as Brooklyn’s top neighborhood, while SoHo and TriBeCa priciest in Manhattan during 2012

Maintenance fees now average $1.70 per square foot, up 30 percent since 2008

Lawsuit aims to collect rents paid by tenants citywide who live in apartments made uninhabitable after Sandy

Multi-talented writer finally does good all by himself in sale of $11.25 million Hollywood home

Brooklyn Nets guard makes successful $15.8 million play for Tribeca penthouse

Barbara visits Continue reading