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FirstTimerNYC, you're right. it was increased to $2500 in 2012.
I think what is meant is "couldn't care less". Unless the landlord is a supersympathizer, rather than a bloodsucking parasite as in fact they all are.
I thought destabilization was now at 2500?
Landlord is permitted a 20% vacancy increase, which would have automatically increased rent to $1,800 from $1,500 without any work. The landlord would have needed to do an additional $8,000 in renovation work (1/40th can be charged back per month) to get the rent up to $2,000 to destabilize.
My friend feels the 3500 he is paying is FAIR - he just wants to stay in the apartment and not be kicked out with 30 days notice - he doesnt care about any windfall...he likes the apartment and wants to stay - the landlord is being greedy and could care less about him........the landlord is not being very nice - they are warehousing apartments in order to sell or perhaps something else.......of course the landlord is entitled to that BUT If this apt was illegally removed from rent stabilization then thats another story..
Ask to see his real estate license. What is the name of the company? What is the price and address of the apt?
You can search the Dept. of State site to confirm if a person is actually licensed.
Unfortunately, this is just the ways of the rental market in New York.
My friend and I are looking to rent an apartment in NYC and have been looking for only a couple days so far. I'm not currently in the city so my friend has been handling all of the interactions with the real estate brokers so far. Yesterday he came across a VERY nicely sized apartment for a VERY good price (If it's too good to be true...), and we were very excited about it. I'm a paranoid person so I wanted to do some research on who we were working with before handing them any information. What I found, to me, seemed extremely sketchy and makes me not want to work with these guys, but I don't want to screw my friend out of a potentially good apartment because I'm overly paranoid.
Here is everything that doesnt add up to me:
* The person my friend talked to first (we'll call him John) has a linkedin that I found. There, he claims to have gotten his BA in 2012, but on the FB page of a company he appears on linkedin to currently work for, claims to have had an MBA by December 2013. However, he is currently representing a DIFFERENT company as a broker, one he has written as having stopped working at 2 years ago on linkedin. My friend claims he seems like a nice enough guy, and from what I've stalked out of him, he does. The things he claims do not add up, however. I don't see how someone finished an MBA less than a year after finishing their BA. I looked at his school's program and it is definitely a 2 year program.
* Yelp reviews for the company he claims to work at are terrible. Very obvious shills providing 10 5 star reviews, probably some shills providing 1 star reviews, and a couple 1 star reviews that seem legitimate claiming them to be scammers and sleazeballs. They claim that the company lied to them about fees and refused to refund their "good faith deposit." Now yelp isn't exactly a trustworthy company either, but when a seemingly normal and active reviewer claims something like that I tend to listen. In another review, the owned claimed to know (cousins with) the guy who owned the building. He also just claimed to know the owner of the building we're looking at, supposedly a different building.
* The owner/lead broker of the "company" the broker my friend was talking with claims to have been in the Real Estate business in NYC for 17 years. From what I can tell, he has started at least 3 businesses during that time, all real estate, and all essentially the exact same business under a different name. Only one appears to be current, but one of the ones he claims has a complaint with the BBB (also a non-reputable company but none of the other company's under his name have complaints so I'm guessing this one is a real complaint). This company was claimed to have 35 employees at one point, but only has a recent facebook page with 1 like and no posts, and an empty twitter page with no tweets or followers. Generally I find that companies make at least some effort for online branding, but not only did he not try, it was impossible to find anything on this company that has been around for "almost 10" years. His website and forms (application/requirements) are, to me, blatantly unprofessional, rampant with misspelling and no branding of his company name whatsoever (in my eyes to avoid any connection to his "company").
* From one of the forms they sent us, they claim that once you are approved you have to submit first month's rent and a security deposit, but also that until leases are signed and they are paid, they will continue to accept all applications. From what my friend has told me, one of them is essentially telling him that we will be approved no problem and is implying he is the one doing the approval. Fair enough, but how are we supposed to be sure we won't start paying fees and then get fucked over by them accepting other applications as written in their policy?
Again, I am generally an overly cautious person. I have no experience with NYC, NYC real estate brokers, or anything of the like. My last experience with renting an apartment was in VA and everything was extremely clean and professional, no bullshit and direct from the building I was renting from. I understand that things are different in the city and I was hoping for some opinions from other people whether they thought this sounded like a normal interaction with a real estate broker. I am VERY uncomfortable giving this guy any information on me, ESPECIALLY my bank, balance, SSN, address, etc. To me, this screams like we're about to get scammed. Even if we get approved, I think they will shove some fees on us and then claim one of the other groups looking at the apartment got it first.
My friend does not think they have much to gain from scamming us and is willing to proceed.
What do you guys think? Sketchy brokers or normal small real estate firm trying to help us out? Should we run?
I have, it depends on the time of the year. They told me the termination fee was between 2 weeks and 2.5 months. Fee depends on time of year and amount left on the lease, (ie: this time of year could be on the high end, May/June closer to 2 weeks).
It's my understanding that all Stuy town leases are now rent-stabilized. Which means that legally you can't be denied the right to a reasonably qualified subtenant.
OP, you should take the troll's hearsay into account.
I hear PCV/ST is harsher than before the lawsuit.
2 month cost plus 60 day notice, this is why there's AirBnB.
Move. Life is too short to be involved with non-family who have financial difficulty. Even if you are getting a "bargain", there is a cost.
Are we talking "heckling" (name-calling, insults, etc.)? Really? Or was another word intended?
It means you may get heckled, and depending on the results of the foreclosure, you may not be offered a new lease by the new owners. Since it's in foreclosure (because somebody isn't paying the bills) the level of services may drop, and maintenance may be deferred, leading to increased mice, bugs, broken elevators, leaking roofs, safety issues, etc. etc. On the other hand, if the building generates a lot of income you may experience no problems, and the new owners may be dream landlords.
Depending on the level of 'heckling' you may have legal recourse.
What neighborhood is this in?
I recently signed a lease with a management company that is in receivership for a building in foreclosure. I was warned by the company and by my broker that the owner of the building in foreclosure has been known to heckle some of the tenants in the building, and today I witnessed (and experienced it first-hand). I know I have a legal lease, but I'm curious as to what renting from a building in foreclosure means for me, and for the likelihood that I can continue to rent here after my lease is up.
Any info would be greatly appreciated!
Anyone else have a problem with cigarette smoke from neighbors?
Scam/Fraud Alert!!! I sent a message to the "owner" and received emails from someone purporting to be the owner living overseas. I was instructed to wire money to someone associated with Realtor.com. This apt is TOO GOOD TO BE TRUE!!! So, I did some research & digging. Realtor.com is NOT associated with this property.
Any statistics on the broader non-regulated rental market?
Aboutready, even including the half degree that you own, I am more educated and credentialed than you are.
Yet another uneducated comment from the troll.
Question is if you can find a 2/2 in a good enough nabe at $5K today.
Of course you post under different names. You said you did. It's painfully obvious. And, it's pathetic.
of course you do.
Suggest working through friends who are local.
What price? size? Type etc.?
Yes, rental, though I expect I might have to take a sublet until I have time to properly look for an apartment. I need a place for at least three months, but likely longer and looking into long term (as I will be looking for a more permanent employment). I'm looking for places in Brooklyn or Queens, since I expect Manhattan is too far out of my budget for now. I'm searching remotely from California, so nothing is set in stone yet, so I was wondering if this is still doable to find rental from so far away.
January 2015 or 2016?
As in a rental? You don't suggest what you are looking for, where, for how long, etc.
Thinking of renting a 2 bedroom. What are the thoughts of anyone who has lived there... The rent is high but are the amenities as nice as they seem. I would need to garage my car there as well.
Hi there, anyone has any experience with living in this building and in this street? How do people like the commute to Manhattan on the L? What kind of crowd is living in this building? College students or also more adults?
Me and my wife are looking to move to W'burg from the East Village and try to see what would be a nice place to live.
Aboutready turned a broken toilet seat at Peter Cooper Village into an opportunity to sue the landlord and win, this issue should be easy to turn into a big windfall.
>If the tenant were rent regulated then the rules are simple - the law says he goes back to his last legal rent and stays there until the elevator is fixed.
The law doesn't says that.
It happens to be typical practice, but it is not the law.
If the tenant were rent regulated then the rules are simple - the law says he goes back to his last legal rent and stays there until the elevator is fixed. It's a simple decrease in service case.
For market rate renters it's more complex. It really is just a negotiation between renter and landlord. Because the apartment still functions fine as a place to sleep/live I think a 10% reduction is reasonable.
FWIW - I bought a building several years ago. Two bids I got before I bought the building concluded that the elevator just needed some maintenance that would cost about $15k. Two days after I closed the elevator went down and the contractors wouldn't touch it. It took me 7 months (and $150,000) to get the elevator up and running.
This summer in a different building we had plenty of notice. The elevator was working but was just old/tired. We got the permits in place and ensured the parts were ready well in advance of taking the elevator offline. But it still took over 3 months to fix it. There are only so many guys who can fit in an elevator shaft to do a major overhaul of an elevator. And then the DOB needs to inspect and sign off etc. It just takes time to do it right....
>as you can imagine a landlord can't just go to home depot and pick up a new elevator.
Well that is true. But the landlord could regularly maintain the elevator to minimize the likelihood that it will break and be unusable for extended periods of time. We don't really know the circumstances here, but the elevator breaking isn't an act of God, and between the landlord and the tenant, it is the tenant who should be made whole, not the landlord. I'm sure you agree Jazzman, since the OP isn't rent regulated.
as you can imagine a landlord can't just go to home depot and pick up a new elevator. most are built semi-custom and many are built completely custom. then the parts must be assembled on site. 6 months is a long time but not unreasonable.
The real question is - what do you want? Do you want out of your lease? Do you just want a bit of compensation? If you're on the 2nd floor it's one thing - it you're on the 8th floor it's another. But I would think a 10% reduction in rent is reasonable under most circumstances....breaking your lease is probably not a right you have but the tenant (your landlord really) may be amenable to it - I don't think a court would allow for your sublease to be broken unless you can prove that the walk up the stairs makes the building uninhabitable for you.
Dennis, why would someone contact you about The Beekman Regent? Who are you?
I have been renting apartments at The Beekman Regent for years and to my knowledge, many of these tenants are still there enjoying their quality of life in the building. Not long ago, a tenant who lived in the building more than five years contacted me specifically asking if there were any apartments available at the Beekman Regent; he and his wife are big fans of the building and of the of Sponsor and they love living back at their home again, The Beekman Regent.
Well thank you bsolomonpro for your opinion. The detail you provided on the operations of the building really help provide comfort.
In my opinion the Beekman Regent is one of the most professionally ran buildings in all of the city.
How come C0C0 didn't respond after being proved wrong?
Will you be taking the bridge or tunnel in to NYC?
What are the taxes issues of renting in NJ and working in NYC? Any thoughts?
BE WEARY of new owners Talpiot Management LLC. As a former tenant whose lease ended Feb, 28 2014. I have been chasing them for 7 months now with very little to no response via phone or email. They still hold my security deposit of $3150 as well as many other tenants that have moved out since the took over the building earlier this year. I've heard many more complaints but this is my personal experience with Talpiot Management LLC and the former Zazza property at 424 Bedford Ave Williamsburg, Brooklyn.
I just vacated this apartment, mainly due to the heat issues that existed throughout the entire building. The apartment is frigid during the winter months and management made little to no effort to improve this situation for their tenants. I had bills from Con Edison of up to $250 each month from running space heaters. At the rent I was paying and especially at the rent this is going for now, I'd advise you to avoid renting here. Please check the HPD online for documentation of this.
Avoid this building like the plague. Only two elevators for 21 floors (no service elevator), and they are constantly out of service. The air-conditioning seems to break on every hot day. No amenities to speak of. The laundry room has 6 washers and dryers (for over 160) units.
The owner has made no investment in the infrastructure (much less capital improvements), and it is deteriorating from the inside out.
This building will not allow you to convert this apartment to a 3 bedroom. I live here, and was told I could convert it by the broker, and then when i moved in the building would not let me bring in temporary wall.
This is not in 135 W 58th as there is no F line in the building
Hi, so I see there was a discussion a few years ago where someone wanted to have major renovations done to their rent stab apartment. I live in a rent stabilized apartment, paying around 1700 a month for a one bedroom. I am interested in having work done to make the apartment nice again, and I don't really know what it will cost. My guess is under 50,000-- but my question is, will my landlord work extra hard to try and get rid of me if I agree to the renovations? Because then my rent will be over 2500 or close to. Any advice would be great. Thanks so much.