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

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Rare is the first-time buyer who avoids surprise

Karen S. Sonn

The New York City housing market is so unlike any other that first-time buyers are bound to be taken aback by the process. Even experienced ones often end up dealing with surprise.

At the top of list of surprises is the board application that buyers must complete to purchase a co-op and, frequently, a condo.

As I have previously written, that package is peerless for its depth, intrusiveness and length. (It is way longer than the forms I had to complete in my former careers to obtain top secret clearance.)

In a post on BrickUnderground, lawyer Karen S. Sonn details most of the surprises that face buyers, among them: Continue reading