Create Discussion
Create New DiscussionSearch Discussions
Categories
Sales (21,183)Rentals (2,363)
Developments (552)
Market (1,424)
Financing (429)
Neighborhoods (516)
Schools (96)
Boards (215)
Brokers (314)
Renovation (1,415)
Services (420)
Anything (2,180)
I see same interesting townhome listings. It's my dream to own a townhouse in the Village! Only, aheam i can only afford a portion of it- I'd love to know at least 2 more parties interested in splitting one in 3 apartments.(none of my friends can do that).
I'm learning that it's called Tenancy in common.
Is it a strange thing to do? Are there websites where i can meet possible "townhouse partners"?
We have townhouses, not townhomes.
And Tenancy In Common is some bizarre and shady-sounding California thing.
And there are plenty of representatives of the criminal classes in New York right now who will outbid you to keep the townhouse as a one-family house for themselves, or even combine one that's already been split up into one big house for themselves.
Why can't you just want to buy a coop apartment in a former townhouse, like everybody else with no imagination wants to?
Which is to say that those houses are worth much more as houses than as chopped-up apartment buildings.
Look to buy in a small co-op. They exist in the Village (and in Chelsea, which has blocks that are just or almost as pretty). My Chelsea townhouse co-op is full of people who said they'd only buy in the Village. ;-)
http://streeteasy.com/nyc/building/3-gramercy-park-manhattan works that way. The residents own it as tenants-in-common under a co-ownership agreement.