Weekly Roundup: Inventory, trusts, mice, more

Despite upward trend citywide, REBNY says Q1 median prices fall behind one year earlier

But March prices in new developments are up as inventory slides

To rid your home of potentially harmful household products, head on Sunday to Union Square, other boroughs later

Residential rental buildings enjoy 34 percent increase in sales volume over a year ago

Location agents help identify homes that can smile for the camera

Combos are getting b-i-g-g-e-r in two ways

Popular new site helps Continue reading

Advertisements

The Big Apple: A 30-room co-op could be yours

High Line is proving to be an increasingly strong magnet for developers

With the next section of the elevated Chelsea park known as the High Line poised to open next month, New York developers are gearing up numerous projects along the route in hopes of capitalizing on rising interest in the area.

The High Line has helped transform an area that remains a long walk from public transportation, offers less retail than other downtown neighborhoods, and until recently was associated with crime and industrial blight.

The second section, which is slated to open sometime in June and will run from 20th Street to 30th Street, is a less-developed area but has already attracted new construction.

Even with $60 million for adjoining apartments, not just anyone can assume board approval in famed building

Two adjoining duplex apartments at a legendary Park Avenue address are about to be put on the market for $60 million.

The grand apartments on the 12th and 13th floors of Continue reading

The Big Apple: Schools, smoke, slides and more

If you can’t beat them, you don’t have to let bedbugs join you

Adam Greenberg, president of USBedBugs.com, one of the country’s largest online retailers of anti-bedbug gear, tells BrickUnderground.com that, in comparison with the rest of the nation, New Yorkers are “ahead of the curve” on knowing what to do about bedbugs.  Says he:

“Therefore, New Yorkers are both more hands-on in the products they buy for monitoring and treatment of bedbugs and also more proactive at purchasing prevention items like mattress encasements and travel protectors.”

Because almost everyone knows someone who has experienced bedbugs by now, they know the value of the prevention items, Greenberg explains.

Topping his list of 10 preventative items purchased are luggage and clothing encasements–that is, containers for containers.  For the other nine, visit BrickUnderground.

New Web site points to best public schools using your maximum price to purchase or rent

SchoolFisher.com is for New Yorkers “who want Continue reading

Out and About: If it smells like a rose, keep sniffing

(Flickr photo by shutupyourface)

If smoking’s your thing, did I see a co-op for you!

It was the last of three apartments that I visited yesterday, and I felt as though I was striking a wall when I entered the place, which is on Central Park West in the high ’60s.

It seems an active 95-year-old man–he had gone shopping–has lived in the unit for decades and decades.  Every day of every one of those years of his residence, Continue reading

Guest post: 10 rules for renting your condo right

by Ron Gitter

What appears to be the beginning of a beautiful landlord-tenant relationship can turn ugly faster than you think.  So notes lawyer Ron Gitter, whose sage advice has graced this blog before and whose Web site contains much more valuable information.

Perform your due diligence when you intend to hand over your precious property to a stranger, or even a friend or relative, he counsels.

For your peace of mind and financial security, consider all the issues that might have an impact the tenancy.  Be upfront about any conditions in the apartment that may be of concern to the tenant.

At the same time, there is no reason for your relationship with your tenant to be of the love-hate variety: He or she gets to live in a great apartment in the Big Apple and you receive a significant and, sometimes, obscene amount of rent.

Where we live, that’s peaceful coexistence.  The 10 or so suggestions below should ensure that war doesn’t break out:

(Flickr photo added by Mr. Wright)

1. Comply with all condo rental requirements: You must submit a rental application to the managing agent.  Even before the lease is signed, make sure that your proposed tenant understands that financial disclosure, various documentation and a background check may be required prior to the building’s approval of your tenant.

2. Check the creditworthiness of your tenant: Continue reading