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Would like to hear from StreetEasiers who have satin finish bathroom fixtures and faucets. I'm gut renovating my bathroom and my designer and architect are suggesting satin nickel. Other people say don't do it! Too much spotting, too much upkeep! But they are talking about "brushed nickel." Looked up the difference and read,
"Generally speaking (and this varies from manufacturer to manufacturer) Satin Nickel is an applied finish with lacquer to dull the normally shiny nickel finish whereas true brushed nickel is brushed with a tool, giving it the "brushed" look. Otherwise - -difference in terminology among manufacturers."
Thoughts ? For those who have satin nickel, are you happy? Regrets?
White attire is never okay. LOL!
Thanks for the well wishes.
Very true Alan, however we know that emotionally summer checks out on 9/2. That said sidecars and white attire are okay in my book through October.
Hey alan, wow, this summer you got into the 12K post range!
Thanks, Mr Burkhardt ... you too!
Although summer's not really over until mid-October, when the surf gets too cold. Sidecars remain nicely chilled year-round though, so there's that.
A lot of proverbial water under the bridge since October 2008, now we enter the last stretch before 2015. Time certainly does fly! I was one of those bears advising my clients to tread lightly in those dark days of winter 2009, I had clients calling me asking to get back in the sales game, they had faith in NYC real estate. So far, that decision to purchase NYC real estate was a brilliant one as I look over previous deals of 2009, 2010...
The discussions on SE were heated (to say the least) on the macro effects of the credit bubble, $500 a F2 for prime NYC apartments etc.. One thing for sure StreetEasy changed the playing field, was a great platform to voice opinions, share ideas or get help renovating a kitchen.
I don't know what the future holds, but I'm glad to see NYC humming along after all shes been through!
Hope everyone enjoyed their summer!!
Also wondering what the state of the building is today. Are plumbing issues and bedbug issues resolved?
It's been a long time since the last post. What is the state of the building today? Still rundown and with issues or fixed.
It's hard to put in words.
Are there any comments in the last year about this condo?
How can #7 walk all over Manhattan from 86th street but not from 96th street?
boulevard is condop
#2 why stop at 125th?
#6 and #9 must be going to Key West (on Amsterdam) instead. while it's true that the Columbia is definitely older than Ariel and no amount of renovation could make the unit/building compare to a luxury high rise going up today, i think you can do a good job making an apartment there look new but NOT pay $200/sf. That said, there's no way that the columbia is home to lots of grads. Most of the people who live there are owner residents, and rents there are too much for younger people to afford (unless they're floating by their parents). You're probably turned off by the plethora of toddlers and older residents running around. Also, the Columbia does have a huge pool and newly renovated health club.
Are there any discussions about this building in 2014?
Each time I've come to this building to rent, there has been a problem getting in because the doorman is on vacation, and the super is out, and the porter covers after 4 pm. I am worried about security, or cases of emergency to have help. Do you feel secure here; that you packages are safely stored until you can get them. I understand the doorman is only here from 4 to 12 pm, 4 or 5 days a week. Does anyone know what those days are?
All great replies that have helped me sort out a lot of confusion about just wanting to do the right thing. Thanks!
Hey, Walpurgis! Streeteasy automatically capitalizes Walpurgis . But not c0lumbiac0unty or ab0utready. Hmmm... Hope your throat surgery is successful.
Thank them when/if you happen to meet them by chance; avoid any further contact (other than incidental) thereafter.
> As a board member, we don't expect a 'thank you' for approval.
I agree. They were doing their job not doing you a favor. No need to thank them.
As a board member, we don't expect a 'thank you' for approval. I agree in that saying hello when you see one of the members and being a cordial neighbor says so much. If you wanted to perhaps wait until the annual shareholders meeting (and attend that) - and perhaps after you live in the building for a bit, then give a thank you to the board for their year's work and time.....that's a nice gesture as well.
It's not just that apartment. The condo is suing the sponsor, architect, engineer, etc.: anybody involved with the design, construction and sale of the place. Here's the complaint: https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=jrmNhQHhgYEGf0lYu6KhkQ==&system=prod
This unit is # 4A and has constant problems as does the unit above it. Also the agent is very shady and dishonest. Do not buy.
The new broker and new photos (with the obligatory orchid) make it different.
Isn't this 4A? Why is now 4-South? Pretty strange.
One River Place sounds like an excellent address, in another city. In New York, the question is, which River are we talking, the Harlem? The Hudson? On second thought, I'll take One Peachtree.
Hi there. I'm interested in the building because of the tennis courts. Can residents use the courts for free? If not, how much does it cost to rent them? Wondering how much they're used. Also, are you allowed to put up pressurized walls? I was thinking of doing that for an alcove studio and blocking off the sleeping area. Thanks!
The cheap studios here (under $2k) are almost all a thing of the past, although the smallest ones do occasionally come up for $1900 or so. Most studios range from $2300 and up, although if your budget is in the $2k range there are other similar buildings in the area with studios. Write me directly if you want a list. -Leon
I've seen studios under 2000 for this buildings. Are they all real?
Hiding the electric panel I think was one of the problems c0lumbiac0unty had that caused him great trouble. Fortunately he still has his big Mercedes, and his supply of deer.
As Aaron2's posting of [national] code seems to demonstrate, there are requirements for positioning and easy access with room to work, but apparently none for "disguising" the panel door. And insurance companies can't just make up their own sense of propriety, so I doubt that one barring code.
NYC code might differ, but I see no evidence of that so far.
Our electrician did not put the panel in the broom closet. It's on the side wall of the cabinet.
Frankly, I don't like it there because I can't use the shelf that it's near so that I can provide access to the panel.
You will not find any licensed electrician who will put the panel in a closet or a cabinet.
I've seen DIY shows where the electric panel was in a closet. It was situated in a place in the closet that was easy to access and not really in a spot where it would be covered over. In my current place, the circuit breaker is in a broom closet in the kitchen. The electrician said that did not violate any code as it was easy to access. Moving the circuit breaker could be a very big, costly job.
It's not condo yet.
Are there separate entrances for condo owners and rental tenants?
Anyone who lives in this building and can give their experience?
If you actually did any work requiring filing (which contrary to your information from others, is needed for any wall removal and for new plumbing serving the laundry), the board would be doing the responsible thing in requiring you to get the paperwork and legalize the work that was already done without filing/permitting.
That said they or the managing agent may not insist. Clearly they are not 100% on top of this as a fully-diligent board would insist on seeing your DOB approvals and contractor permits prior to allowing any work to begin. But even if they don't insist now they could insist later (e.g. on resale or anytime before then).
If you have an alteration agreement in place you could try to wrap up the job by saying you are done with the work and asking for your deposit back. That gives the board/manager an opportunity to ask for the permits without you broaching the subject directly.
Thanks. It wasn't filed. I asked them to halt temporarily. Does anyone know if there would be a problem with abandoning so far as the board is concerned?
Did anybody (your architect?) file the job with the Department of Buildings? You can look up your building here, then click Jobs/Filings: http://www.nyc.gov/html/dob/html/home/home.shtml
I'm re-posting this because the title of the other post might be confusing, and the narrative might be too long there as well. Am hoping to get some good advice.
I started a permitting process for renovation of an HDFC co-op (2 bedroom unit), but have delayed the process due to a lack of funds. The only major changes I made to the unit was the removal of a non-structural wall, re-locating the sink by several inches, and installation of a washer/dryer. I got board approval with the understanding that I would go through with permitting. But I've since been told that these changes really don't require a permit. Because I am extremely low on funds, is there anything wrong with abandoning the permit process entirely? Could there be a problem with the board later (ie, upon their discovery or if I ever have to go to resell)?
Please fix the print bug.
I have been having problems as well. It wants to print what should be 2-3 pages on 6-7 pages, spread out, with all pics. Please fix this issue.
Please fix the bug for printing listings and sales.
I have been having problems printing anything from StreetEasy lately. Any suggestions? StreetEasy pleazzzzzzzzzzzzzz fix this
Thanks very much, everyone!!
Hammer drill sounds like bad news for furniture/cabinets.
Sugar maple: http://www.goldenwood.com/ang/products/image.asp?img=Maple.html
You've got the wrong drill. A hammer drill will solve your problem and they're cheap.
You might want to try a fresh set of brad point drill bits before spending orders of magnitude more money on a carpenter.
For example: http://www.woodcraft.com/Product/2085785/43138/FISCH-7-Piece-Fractional-Inch-Chrome-Vanadium-Steel-Brad-Point-Drill-Bit-Set.aspx
You could even buy a new drill (if your current one isn't up to snuff, but try the new bits first) and still come out way ahead.
You could try Matchless Construction, 917-319-4691, Pete Jukoff. His firm is working on a brownstone in Brooklyn and he started out as a carpenter. I would think he has the tools since he builds custom cabinets and has been in the business for over 35 years. However, since you're requiring insurance, this drives up the cost.
they are not that bad....try dealing with solil or Jacobson
The doormen and other on-site workers at 100 Maiden Lane are tremendous, but their service cannot make up for the terrible characteristics of those higher up the management chain.
Mishandling of rent payments, uncooperative leasing and billing representatives, completely disgusting tactics and lack of professionalism.
And the issues have not been restricted to my experience. Very few tenants remain with the building or management company. Turnover has been extraordinary, and rightfully so.
WORST Management company - DO NOT move into Lalezarian properties
congrats SteveF, your $1MM apartment instead sells for $37K higher. Are you sure thought? Does everything you wrote above make sense? How about that apartment listed for $285k that sold for $325K, 14% more instead of 10.5% more? Were there multiple rounds of bidding in that situation but the losing buyer stuck with his price? Or did everyone know (those very sophisticated buyers in the $300K range) that the seller underpriced and therefore bid their max at the outset, making this an example that the listing price is actually irrelevant to the sale price?
Unethical Practice #2: Sellers’ agents who underprice homes for quick sales.
As I noted earlier, economists Levitt and Syverson found that real estate agents got an average of 3.7% more when they were selling their own homes. Patience was the key--the agent-owned properties stayed on the market almost 10 days longer than the client-owned properties.
Unless they're selling their own homes, though, agents have a strong incentive to price homes low for quick sales. A quick sale means less work, a faster payday, and the advertising benefits of a “SALE PENDING” rider on a newly planted yard sign. Low asking prices also elicit more inquiries from prospective buyers, allowing agents to recruit new clients.
It's true that listing agents get higher commissions if sales prices are high. But getting an extra $10,000 for a home may only net the agent $125 (assuming the listing agent gets a 2.5% commission and splits it with the broker). It's simply not a good business decision for an agent to delay a sale in order to try for a higher price.
Here's how agents sometimes talk their clients into lower prices for quick, easy sales:
Offering to find a buyer without putting the property on the MLS.
The prospect of selling quickly without having to endure numerous showings is tempting to many sellers, but restricted exposure will likely result in a lower price.
Bringing in their own buyer quickly.
Soon after the ink is dry on their listing contracts, listing agents will sometimes bring in offers from their own buyers. Sellers are often tempted to accept these offers in order to get the ordeal over with. But unless a property has been aggressively marketed, it's impossible for sellers to know if they could have gotten higher offers from other buyers.
Suggesting that a low asking price will lead to a bidding war.
Low asking prices often do lead to multiple offers, but not necessarily to higher sales prices.
I once worked with a buyer who had been patiently waiting for a gorgeous foreclosed property to come on the market. I'd told him that I thought the property was worth about $375,000, and he said that he'd gladly pay that. When the property came on the market, though, the asking price was just $285,000.
When he saw the low asking price, my client decided to offer just $315,000, despite my warning that the low asking price would likely elicit many offers. My client believed his offer would be enough to win the house, and that he was intoxicated with the idea that he would not only be getting a fantastic house, but also a fantastic deal.
The winning offer was $325,000, and my buyer was heartbroken that he'd bid too low. We both felt that the winning bidder had gotten the deal of a lifetime.
Requiring that buyers sign off on disclosures when they submit their offers.
In some areas, it's customary for buyers to sign off on all disclosures and/or complete all their inspections prior to submitting their offers.
Making buyers sign off on inspections and disclosures, of course, makes it harder for them to wiggle out of contracts or ask for price adjustments after the offer is accepted. But the downside is that it discourages offers, and likely leads to lower sales prices. It's costly for buyers to read through dozens of pages of disclosures and hire inspectors or contractors. Insisting that they do is like asking each buyer to pay a steep fee as the price of admission to bid on a house.
In addition to discouraging offers, this practice also weakens the bargaining position of sellers. For example, one strategy for teasing out higher offers in hot markets is to let prospective buyers know that there's a lot of interest in the property. But the disclosure sign-off requirement instead forces agents to downplay interest in the property, since buyers often won't put up with the hassle of preparing an offer if the odds are small that they'll win the property.
The disclosure requirement hurts sellers in slow markets, too. When an offer comes in, a good agent will normally "shop" it, or use it to try to elicit other offers so as to improve the seller's bargaining position. But it's much harder to shop offers before the original offer expires if potential buyers have to plow through dozens of pages of disclosures and/or complete inspections in order to submit their own offer.
The only time it would make sense to impose a disclosure sign-off policy is if the seller is in a hurry to sell. For example, a seller that has to sell by a certain date to avoid paying a capital gains tax will want to be very sure that the buyer isn't going to bail. Otherwise, I'm at a loss to see why any seller would agree to this.
The disclosure sign-off requirement may hurt buyers and most sellers, but there is one beneficiary--the listing agent. If the buyer backs out, it's the listing agent who will have to host more open houses and pay for more flyers and newspaper ads. By ensuring that any buyer is unlikely to do so, the agent minimizes marketing costs and boosts profits.
Picking through comps so as to give the impression that a house is worth less than it is.
Many years ago, my mother hired an agent to put her home on the market. The home sold within hours to a buyer represented by the agent's own brokerage. My mother accepted the offer, since the sales comps provided by the agent suggested that it wasn't worth much more.
The quick in-house sale made me suspicious that something wasn't right, so I went to another brokerage and asked for sales comps. When I compared the two sets of comps, it was clear that my mother's agent had picked through them, showing my mother just those that had gone for the lowest prices. This had led my mother to believe her house was worth less than it really was.
My mother ended up going ahead with the deal, since she didn't want to risk getting sued for breaching the sales contract. I complained to the agent's broker, but he did not fire the agent. I also complained to the State Board of Real Estate, but the woman I spoke with scoffed at my complaint, saying that it was nothing compared to the stuff she usually investigates.
My mother's sleazy agent not only got a commission from the deal, but at least one new client. A neighbor of ours decided to list with him as well, thinking that he must be a fantastic agent to have sold a house so quickly.
How to protect yourself
Don’t agree to a pocket listing. You’ll likely get more and better offers if you can get as much exposure for your property as possible by going on the Multiple Listing Service (MLS).
Look at active comps when pricing your home. Unless you're in a big hurry to sell, your goal in pricing your home should simply be to get people in the door. Look at other active listings that are similar to yours, and price your home so that it's one of the better values in your area--but not necessarily the best value. Note that active comps often mislead sellers into believe that their homes are worth more than they really are. After you get an offer, you'll want to study "sold" comps, since they're a much better guide as to what your home is really worth.
Ask your agent for a large number of comps. Ask your provide you with a large list of comparable properties (“comps”) that have sold. Check prices online to make sure your agent is giving you unbiased data.
Don't try to elicit a bidding war. You're more likely to get a better price if you're one of the best values, not the best value, in your area and price range. A low asking price can also backfire by causing other sellers to lower their prices.
Insist on waiting at least 5 days after the home is listed on the MLS before accepting an offer. Unless you're in a desperate hurry to sell, it pays to allow others a chance to make offers.
Play your cards close to your chest. Don't ever tell your agent how much you're willing to accept for your home. He doesn't need to know this in order to help you price your property competitively.
Don't always insist that buyers sign off on disclosures prior to submitting offers. Only do this if you are in a hurry to sell, or if you're willing to accept a lower price in exchange for greater certainty that the deal will go through.
(Note: This isn't commonly done.) Change the commission structure so as to align your agent's interest more closely to your own. Suppose your home is worth about $350,000. Instead of offering your listing agent a commission of, say, 3% of the total sales price, offer her, say, 20% of the part of the sales price in excess of $300,000. If your home sells for $350,000, then the two commission payments would be roughly the same: about $10,000. But the agent will have a much stronger incentive to market the property effectively and to negotiate well on your behalf.
Though setting up the buyers' agent's commission this way would also be advantageous to you, the seller, it would create an incentive for buyers' agents to work against their clients' interests. I would feel uncomfortable with the idea of encouraging rival agents to betray their clients.
Do agents really help sellers get more for their homes?
Agents sometimes tout their negotiating skills by citing an old National Association of Realtors ad claiming that “[s]ellers who use a real estate professional make 16 percent more on the sale of their home than do sellers who go it alone.” This statistic is based on data in the NAR's 2005 Profile, which found that the median 2005 sales price for a home that was sold by an agent was $230,000, about 16 percent more than the $198,200 median price for a FSBO (For Sale By Owner) home.
It’s hardly fair, though, to compare agent-assisted and FSBO sales prices. About 40% of those FSBO transactions were to buyers that the sellers knew, and the sales prices in many of those transactions may have been set artificially low. The FSBO properties in the 2005 study also included a disproportionate share of manufactured and mobile homes, which surely dragged down the median price.
So just because agent-assisted properties sold for 16% more doesn't mean that hiring an agent will bring you a higher price.
©Lori Alden, 2010. All rights reserved.
I just read the amended complaint. Wow, what a nightmare! Those owners are the most unlucky people around.
Another_Buyer wasn't kidding about "all sorts of issues". The circle jerk of litigation is up to $7.5mm in alleged defects ("widespread problems with water infiltration, heating, plumbing, electrical, façade, terraces and the roof") per TRDNY http://therealdeal.com/blog/2014/08/26/savanna-wants-claims-dismissed-in-suit-over-141-fifth-avenue/#sthash.LkhNGGDv.dpuf
Any new information on this building? I see that it has now had scaffolding on it for over 4 years. What is going on?
any updates on this building? have any of the penthouses sold?
I noticed the window issue when I went for a viewing as well, it was impossible to open. They said it was because of summer moisture, which is pretty much BS. I really doubt they can do much about the windows, since it's a landmarked building, and changing anything's appearance is not allowed.
CC also is pretty high for a building with almost no amenities. All in all, not much value going on here.
Thank you @hb1350. So far they have been responsive and efficient. Maybe I got a good person assigned to be our manager. I sure hope so.
It all comes down to who is the manager of your property. The manager that we are dealing with is not responsive to our requests or concerns. Hopefully, yours is different from ours.
Thank you @LoftyDreams! That is good to hear.
In my old coop, we hired them after interviewing five or six companies. Ellen Kornfield was great, professional, knowledgeable, and quick to solve problems.
Has anyone had any experience with this company? I recently bought a condo and they are my property managers. Just looking for any feedback - good or bad (but hopefully good!).
I found the burner on RH Peterson website. Real Frye.
>I have a wood burning fireplace venting outdoor via chimney.
Is this in NYC or up in C0lumbia C0unty?
where did you purchase the gas fireplace from? we ran a gas line "to the near location" when we renovated in 2008 but this is one of the last projects to be completed and am considering if we want to do it this side of winter or next summer.
If the chimney is a traditional brick w/ clay liner this is probably the time to put a stainless steel insert in as well.
I would be very surprised if your burner is a hindrance to your plans, that is by far the least of your problems. Call 311 and they will fix you up. BTW I converted a wood burner to gas and we loved it, but you need to make sure the natural gas piping is installed attractively--you're dealing with a plumber, not a decorator....
Oops - spelling error in title. I meant "renovation."
Back in January I bought an HDFC co-op and had, at that time, an architect who submitted plans to the board. They agreed to almost none of the items we proposed initially, but eventually allowed me to have a washer/dryer. That, I believe, is the only significant change I made to the apartment (besides demo of a on-structural wall and moving the kitchen sink a few inches.) I paid for expediting, drafting and several inspections. My architect was way too optimistic about what permitting would cost as I went forward.
I should note that my wages as an adjunct professor are shockingly low. My whole reno was done with a licensed contractor who came to his profession via an 80s diy community. In memory of that spirit, he was able to work within my budget by using salvage materials and creativity. But I did run out of savings.
In March the architect had still not filed with the city. He told me it could cost another $2000 to complete the filing and I told him to hold off. Now he is saying that I have an outstanding bill with a structural engineer for $750. But that is perhaps for another conversation.
My question is this: If I don't complete the filing, what kind of trouble can I get in? Others have more recently told me that filing was kind of unnecessary for this project. I have begun to regret the $4000 or so that I had put toward this end. And yet I worry that, having begun the filing, and leading the board to believe I will file, could lead to problems at some point, at resale etc. Does anyone have any insight on this? Sorry if any of it sounds naive.