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Can you please restate your problem in English and with sufficient detail?
As I understand it, last year the city came down on landlords who were benefiting from the 421-a tax breaks and were supposed to offer tenants rent stabilized leases right away...My landlord notified me of my right to rent stabilized status but has not provided me with a new lease yet. it's been nearly 6 months and I have had no word. I will have to notify regarding renewal soon...I want to move in with my partner and would love to stay in this apartment but it is a two-bedroom and we might find a cheaper one-bed and/or try to get on the property ladder.
As a 6th-year resident and 4 year leaseholder I filed for potential overcharging and my case has been accepted but the building is not coming up on the dchr website yet...
what should i do? stay in the apartment no matter what and hope it is cheaper than a market rate one bed?
any other advice?
So you are saying that brokers are advertising apartments as "No Fee" and then charging a fee? I highly doubt that.
You brokers miss the point, or maybe that is on purpose. One thing is advertised, a low price, and the another higher price hits the renter. Fee, higher actual monthly charge, and now I've even seen these amenities fees in some of these buildings that gets more money out of you even though the buildings are advertised with these things in the description next to the listed rent.
Hanklin, you are sort of arguing both sides of the coins here: if your complaint is that the problem with using the Net Effective Rent model is that the Base Rent is $5,833 and that is what will be used when the rent is increased then you can't also complain about the Broker's Fee model where the actual rent is $5,000 and then that will be used for the base when rent is increased. It's not as if you will have to pay that fee again when you renew the lease.
My math and logic are pretty good. Your problem is you are looking at this rental RE market as if it is a commodities market with a single variable and with wholly logical participants on both sides. But with the owners, the renters, and the inventory, the reality is not so neat.
Anyone have better math than fieldchester on this?
Stats at http://www.nyc.gov/html/nypd/downloads/pdf/crime_statistics/cs-en-us-090pct.pdf
Highlights at http://www.brooklynpaper.com/sections/news/crime/
Walk the neighborhood at various hours. And check the crime stats online.
I am currently about to sign a lease at 106 seigel street in brooklyn... i want to know how safe the area is as me and my roommate are 21 yr old girls working normal hours in midtown manhattan (night safety) and overall safety of the area?
Isn't this within the NYSE protected zone? You can't even move on without having your crotch sniffed by one of the dogs.
Does anyone have any feedback on renting at 25 Broad? What are the pros/cons? Any issues?
My bet - based on no actual knowledge - is the owner has ridiculous requirements including some illegal ones violating FHA.
This rental has been on the market 112 days. I don't know why, but it doesn't matter that much. I personally consider 120 days a stale listing in any normal market in the USA--that is, not inner city Detroit or equivalent, where the only renters are squatters and houses sell for 50 bucks.
But if you're the owner you control how fast it rents. Just drop the asking rent. I see that's already been done, but apparently not enough.
Does anyone have opinions on how quickly should a good broker should be able to get a priced-right condo rented to a tenant
Is the son involved at all in the management of the building?
What neighborhood is this in?
You shouldn't deal with people like this. Yes everything here is legal, you are entitled to nothing; however you owe it to yourself to do business with a higher quality of person.
Yes it is legal if you are a market renter. And if you choose not to renew your lease because it is too high the landlord has every right to show the apartment to new prospective tenants. The fact that his son is the broker is irrelevant.
Unless your apt is rent stabilized, or you have some contractual renewal right, you have no right to renew the lease at all. or at any price. Whether the owner's son has some financial interest in that decision is beside the point.
I live in NYC and our lease is coming to and end. The owner is hiking up the price to extreme heights. He is pushing us to renew or else he will be start showing the place. The kicker is: His son is the broker who will show the apt, obv charging a brokers fee. Our fear is that the owner is trying to kick us out or doesn't care because at the end of it all his son will cash in on the fee. Is this legal? Is so how come?
Update: Our atty says for not telling tenants where the security deposit is being held is common. We will probably do escrow (their atty) plus a walk through at the time of deal signing. The LL would have to agree to the condition of the house (in Nassau) at what is midpoint in the lease, then the money would go into escrow. Our atty thinks their atty will just give us the security deposit rather than take any risks as an escrow agent. Our atty is also asking for free rent and cash equal to one month's rent in exchange for our early move out. He had suggested we get broker's fee and moving expenses too. We're going to have to spend a month in an extended stay hotel if we leave early, it turns out, so the LL has got to make it worth it. Thanks to all who weighed in.
A guy I knew who owned a decent amount of property described many old line landlords as "stuck in the basement". Back when there were a lot of below market rent controlled and rent stabilized apartments you wanted as much turnover as you could get so you could increase rents. But now with most apartments at market rent, many landlords have realized that keeping good tenants makes sense economically and you have a decent number of modern landlords who treat tenants very well. The Related Companies comes to mind as one of them. I remember when they purchased Tribeca Tower @ 105 Duane Street after it failed at a condominium and everyone I placed in there was shocked at how good a landlord they were.
Landlord / tenant relationships seem always adversarial.
It's interesting that they say they will put it in an escrow account NOW, but all security deposits are supposed to be held in a separate account anyway and not commingled with the landlord's general funds to begin with. And if you just don't pay your last month's rent, what exactly are they going to do about it? Send you a 30 day notice to vacate? They can't even start a holdover proceeding until you actually are a holdover. (NB I am not an attorney and this is not legal advice).
alan, your guy lost on Tuesday
How come my comments don't appear anymore?
Thanks uptown, interesting thoughts.
Saves me from hiring a broker to get answers. I didn't realize brokers who work for buildings can't talk about the other residents, I guess that is one of the benefits of your own broker where you pay them and they have a fiduciary obligation to tell you what they know and looking out for your interests instead of the landlords interests.
Visiting buildings' blocks is helping me scope out not only occupants (and/or their guests) but the passing traffic at the same time.
If I see a "no dogs" listing, I've been guessing that entry doors and floor/ceilings may be thin. But I've no empirical evidence for that. It could just be that the coop board has a majority of cats.
Best way is to visit the building and the neighborhood yourself, at a few times of day, and talk to people if possible. Brokers and owners are constrained by law (for good reasons) from sharing much.
The only thing I sometimes 'read into' Pet Friendly status is that the building culture might also make similar allowances for flexibility. It wouldn't indicate much about socioeconomic status, lifestyle generally, or upkeep. But it does show me a basic level of openness and acceptance -- might be better characterized as a lack of insistence on immaculate hallways and occupants who have zero impact on each other (for better or worse). But really wouldn't suggest you infer too much from it...
Pet Friendly is a euphemism for bedbugs.
Any more helpful thoughts?
Not helpful. Living here in Manhattan for a reason.
Also being by the highway makes it easier for Uber pickup and dropoff. Real NYers no longer take the subway because you can no longer manspread.
The fashionable places to live are out of the way west and out of the way east so you are closer to Jersey City, Hoboken, LIC, Astoria, Williamsburg and downtown BK. Core Manhattan is out of fashion, why do you think they were able to carve out Central Park and more recently shut down Times Square for Elmo, Minnie Mouse, and Madam Tussaud ?
Looking to move soon. Anyone have points of view on
- A nicely renovated rental should be how much more. 1 bedroom
- New building vs. older but very nice building?
- New building in some of the out of way locations (seems like a lot of them are far west side)
Thanks for the intel!
I am trying to put this apt on the site but it says waiting for manager. Dont understand this It never happened before.
Thanks Sandra Serebin
well, if it was official, then I get it.
I had retired NYCN and officially reverted back to MCR some months before they asked me which name I wanted to keep active, so it would have been odd to render inactive the one name that was actually active and revive the one that I had retired.
PS - clever positioning as you "agreed to remove" the posting name for which another poster attached your real name.
So you have this and a couple others left but no longer NYCNovice.
HWNCNBM finally found a sympathetic ear at SE. Zillow handled it very well and told me I could only keep one user name active. They let me choose which name to keep active and made clear that they were not intending to edit substance, but rather form, and that I was free to repost substance under single name. I have not done so b/c it is all very old news at this point.
ah yes: https://streeteasy.com/talk/discussion/40674-70month-uws-rent-bedbugs-illegal-immigrants
Remember the famous bed-bug tenant at 2 RSD? http://gothamist.com/2016/01/20/bedbug_nightmare_tenant.php
He place he lived before was 342 W 71st.
I lived in this building for a year and have on good knowledge from talking to the residents that the MAJORITY of rooms are infested with bed bugs. My apartment became infested after a month of living there (I had not prior history of bedbugs). I could see them crawling in from my neighbor's apartment. As well, there are bed bugs in the hallways, shared bathrooms, elevator, and basement. This is due to the other residents and landlord not removing the bed bugs in other infested rooms. DO NOT LIVE HERE unless you want bed bugs. Seriously I did it for a year and it was the worst decision. The landlord does not care and will not do anything.
are they slumlords ?
The management here is terrible. I went through the worst winter here. They would cut the heat Friday night and got it back up on Monday mornings so if you were to call a 311 the heat was running when they went to check.
No one would say anything because when they called management they were told it was only there apartment so that meant they had broken the heating unit and were breaking the lease. Until people I guess out of desperation started talking to each other.
Always glad to be of service. Relied on landlord- was moving back to NYC after having relocated.
With anything, there's a spectrum of quality. Someone's got to get the crappy stuff, and those of us smart enough to not transact in real estate sight unseen are grateful that someone else can get the crappy stuff to subsidize us.
Seriously - sign unseen? Blind reliance on representations made by a landlord or a broker?
I have to say I can't believe we pay 130k a year to live in this dump or the "Tenement" as it is called by some of the tenants .
I would say that it is average for size, but way below for finish. We rented the apartment sight unseen - which in hindsight was a terrible decision since, we relied on photos and the management companies assurance that the appliances would be replaced. The day we moved in we were horrified- some highlights were no grout in one of the bathrooms, the shower curtain rods were rusted, toilet seat covered were ancient. We were told on every item " As is" and they refused to do anything.We ended up replacing a lot of items as well as removing a broken built in unit left by the previous tenant and fixing tiling in our children's bathroom that were unsafe. I would like to add that they did grout the floor of the shower but the super refused to do the walls. Our mistake was signing a renewal last year, which again in hind sight was a very very bad idea given the level of angst living here has been.
Is your $130K / year rental a bargain or expensive compared to others similarly sized in your neighborhood?
I have lots of unused space in the cellar of my home. I legally cannot and do not want to rent it out for occupancy, but I am looking for advice or any concerns that I should be aware of if I want to rent out this space for storage to someone.
It is being advertised here as a doorman building. It is not a doorman building, so brokers should not keep advertising it The lobby is attended during the day. However, the lobby attendant does not fulfil any doorman functions. They do not sign for packages, for example.
hi- some DISASTROUS comments in the past. is the building still completely terrible?
I don't know what your friend means re: 'rules' but often townhouses are owned by small-time landlords who likely won't have any staff (super) or management company. So if your toilet breaks, for example, you're dealing directly with the owner, who may or may not be terribly responsive and who may then need to call in an outside vendor to repair it. Same can happen in larger, managed buildings but having a good super onsite can help stave off some of these headaches.
Another unrelated thing to consider re: a townhouse rental unit is that the soundproofing tends to be terrible. Since these buildings were originally geared towards single-family use they weren't built with multiple residents in mind. You can expect to hear everything your neighbors are doing.
If it were me I'd vastly prefer to live in a larger rental building rather than a converted townhouse.
I've just moved to NYC from Ireland and am in the process of figuring out getting a place to live. Brooklyn is my preference and I've noted a few attractive listings that are described as "townhouse" or "multi-family townhouse".
A friend of a friend who has rented here for 5 years was wary of recommending them because the rules are less clearcut than a rental building but I find that a little strange considering you would have a lease agreement of some sort, no?
Could anyone expand on why such a property might be less than favourable for a newbie to the scene? Thanks!
Does anyone have any information on this building?
Has anyone moved into this building since the renovations started? How bad is it with the renovation going on? How are the building services?
Jefferson had slaves?
Kind of like Alexander Hamilton endorsing Jefferson when I think about it.
Yes, given the current state of play, his decision to refrain from running was noble IMHO. Many of my friends and family who generally vote red are not only resigned to an HRC presidency, but they are going to actively vote for her if Trump wins the nomination for their party, but it's not over . . .
Guess it was a tease MCR.
it makes sense that a multi city resident is most excited about Bloomberg.