New York City
Northern New Jersey
Open House Planner
Shop for a Broker
Condo Price Index
sorry for the typos: peak was 1Q08 trough 3Q 09. market index from low 220's to high 170's. call it 22% decline compared with an S&P 500 decline of 59%. that was my point all along
peak to trough NOT trough to peak. its down about 20%
urban: youre confused, i said peak to trough to trough to peak!
peak 1Q 98 trough 3Q09. thats the comparison with the huge decline in the SP 500.
I'm not an economist but there must be unprecedented money supply in the system right now after years of fed action. This has to lead to robust inflation sooner or later. So fed action is inevitable next year as the economy heats up. However inflation is good for real estate. I think next couple of years real estate will outperform stocks as the money supply takes effect. IMHO. Noah, Keith what's your take for 2015-2016?
Reach out to CityRealty.com They really screen the agents they use and make sure they are top tier.
Rock on, KeithB!
@edwinyc Great album!
I always read your comments and learn a lot from you.
However: Don't blame the Rolling Stones.
Excuse typing errors, 2 year olds sticky fingers mucking up the works.
Actually, no I won't. But you probably will. Sleep tight, "truth."
She will be here all night, folks!
Actually it was eleven minutes. The "truth" matters.
I was idly trolling. I hardly touch the site these days. Irony is not your strong suit, is it?
The developer got sued by the neighbors on either side for construction damage, and countersued one of them. The case with 145 is still going on. That seems to be why construction was halted within 20 feet of 145 for a while.
Have your lawyer look them up and see whether they matter.
what kind of litigation is going on? Details please? Suppose to close next week
hey any one understand the ramification / details with the ongoing litigation?
Got notice that first closings will be in Dec. Does anyone know why no significant activity in building for many months? Front is locked and no workers
Any idea when units will start closing in the building?
Your "just compensation" was buying a building at way below market price.
The point however is that the subsidy to the tenants is provided by me and is not a government provided subsidy (a section 8 check is clearly the opposite - it's a government provided subsidy).
Should the court rule that rent stabilization is a government provided subsidy then it creates real "taking" issues. I can guarantee you that if the court rules that stabilization in a government subsidy then there will be several landlords who will file to have stabilization thrown out as unconstitutional. The constitution is clear - you can't take property from one citizen and give it to another without just compensation - so if in fact the court rules that it is the government who is giving something of value to the tenants, then landlords are going to want their just compensation.
"Why did you choose to do that?"
I'm a landlord because I want to make a comfortable living. As rents and property values increase I make money (like today) and when rents and property values decrease I lose money (like 2009,2010). But overall it seems like a good investment.
Alanhart - Why don’t I provide apartments at true cost? Because I want to make money. The same reason every other business owner is in business… One other benefit of what I do is taking old buildings loaded up with violations and fixing them up, but that’s secondary to the main objective of making a comfortable living.
> I am clearly subsidizing some of my tenant's rent payments.
Why did you choose to do that?
By that logic, clearly some of your tenants are subsidizing YOUR rent payments (to the bank, which owns your building). Why don't you provide those apartments at true cost, instead of promoting your economic policy?
Penn South has many examples of enclosed balconies and I have always wondered whether the conversions were legal.
The DoB site shows lots of permits issued for "temporary balcony enclosure" at 112 W 56, from the 1990s through 2011. They're not really temporary, since the pictures and plans show that the full-width sliding glass doors between living rooms and balconies have been removed. Either the city didn't inspect, or inspected after the enclosures went up but before the doors were removed.
I have noticed this at 112 west 56th and wondered if it was just too windy up there for a balcony. In the last five years, quite a few have been enclosed and I have wondered how that was possible.
One case is at 35 Sutton Place, where the tenant and co-op have been in court for years, but finally settled. Tenant had expanded her kitchen, LR, BR, and bath out to and onto the parapet walls, without a permit, including a fireplace and whirlpool tub. Neighbors below were flooded, building slapped with violations by the DoB, and so on.
First I've heard of this: looks like next Local Law cycle will include looking at all those greenhouses and enclosures people have made over the decades to enclose terraces and balconies. Despite coop approvals, Times reports that many are likely to be found non-compliant. http://www.nytimes.com/2014/10/19/realestate/manhattan-apartments-with-illegal-greenhouses.html?src=me
Lincoln Towers. I believe you must also own an apartment there.
does this exist?..
A friend lived there for years and really liked it. Married so left city - otherwise he would still be there. Never mentioned any roaches or mice issues.
I'll go to an open house this weekend to check out the building. I'm interested to see how low these ceilings are. Plus the roach situation. Anyone else know anything interesting about the building?
Does anyone know if there is a land lease
Given that Gristede's is on the ground floor of this building, has anyone had problems with roaches, mice or rats?
Mine doesn't, and I'd guess that most don't, but ultimately, it's not about what the others require, it's about what yours requires. Ask your managing agent.
Do co-ops generally consider installation of a closet system, e.g. Elfa, as an alteration such that alteration form has to be sent and fee paid to co-op?
Surprised this in in contract - seems like lots of dough for a gut reno !
Amity95 - I live in this building and used to be on the board. If you have further questions I can help. Not sure if it is too late
NWT, would you happen to know if the apartments are sitting there because of the board? Is it a difficult board that makes it difficult to sell?
They're both out of my league.
Just going by the time they've sat unsold, they're both overpriced.
The upstairs one less so, as it did go into contract once, four months ago. They lost the rare buyer who wanted that LR and didn't care so much about the rest. Maybe last month's price cut will bring out a new buyer who'd passed it by before.
Wow - again, I am incredibly impressed by the level of detail you know about the building and these specific apartments. Would you consider purchasing either apartment? Do you think they are appropriately priced?
does anyone have a copy of the latest offering and what is the story that was told to them by their attorneys on the latest status of the land lease?
Any development regarding the 'purchasing of the fee interest in the land' cited 4 years ago? Any update will be appreciated.
Land-lease building! I loved one of the apartment but my attorney told me that the maintenance will soon be sky-high. If I cannot afford 3 times the maintenance than now, I will lost all my payment and rights to the property and only become a rent-stabilized tenant. Very scary!
NYCRepPro: interesting, this is what a listing broker in this building told us end of last year.
There's background on the retail sale (actually sale of 25% of the co-op's leasehold, covering the retail) at https://streeteasy.com/talk/discussion/34212-land-lease-carnegie-house
>Charlie, it might be better to not mention your landlord history. The Bryant Hotel might come up, and you wouldn't want that....
wow, that would be as much an expose as c0lumbiac0unty and the asbestos
Charlie, it might be better to not mention your landlord history. The Bryant Hotel might come up, and you wouldn't want that....
In my opinion and what see grogans would like to go back when one religion was dominet one color one group when I was landlord most people different countries making a new life for themselves as my parents so it was not hard to deal with people and have mutual respect they one thing in common they were all afraid and disliked the NYPD if people poor or immigrants I believe the police should be everyone friend and treat everyone equally sorry Grogan this what america is all about hopefully we are going back to bad old days of Tammy hall maybe grogans would be more comfortable but I believe most New Yorkers would not like it this is a multicultural city and now believe the city would be better served if city goverment agenies and people who work for the city would reflect it sorry Grogan you have been torturing me for a while now takes me a long time to get upset maybe you jews do not fight back read history old and testament maybe spelling is not my strong suit but I can read and do being one of people of book Grogan wouldever you feel toward times by 1000 that is what I think of you first bool I recommended is real estate law 101 than machinery and proper maintenance of a building from top to bottom this building and machinery about 7 years old let's bring the sponsor to court see what he has to say either he built a bad building or your bad property manager see you in court
This has been a learning experience for me as well and probably for the 13 people who sold and believe the worst is yet to come I am honor bound to see no-one has to deal with this again when it comes in my opinion M at Beekman incopenent and stubborn Board and again in my opinion dealing with incopenent and mean spirited grogans as a managing agent .I now have what I believe all my ducks in order hopefully have board in court hoping grogans out of this Buiness you are dealing people any and all criminal acts will be bought to proper goverment agenies Have a nice day sorry for any spelling grammar mistakes working on it Thank You
Good Afternoon received letter Grogan and ass ,I honestly do not know if something is wrong with new is court matter threading to call NYPD again Grogan loves to yell and scare people march 1 2012 banging on door like a crazy man opened yelling screaming let me in one his one of many you Jew f does Grogan hate jews I think john hates everyone whatever religion whatever color loves to fight like said another owner and agreed what had to be done .I said to him let's go to board meeting I am afraid of the grogans ,Grogan yelled at a board member and was not allowed to come to the building for a while ,in my opinion he behaves like an animal cannot speak in a civilized way .This a good story 13 units sold out of 23 units in give or take a little 2 years many at major losses we can bring them court and I am sure they will tell truth under oath .There has been major leaks coming from the roof. I believe the foundation has been comprised metal work major pointing building wide hopefully the shell has not been damaged installation has to be checked mold issues rats in building when the is brought to court question will they perjury themselves in court for the grogans ,At point I can grantee alive or died this going to court and a non basis engineer will come to the building give his report I will sue board they cannot plead ignorance send the building copy of the Zimmerman report who is a engineer hired by the board in 2010 when they were sued by the sponsor also set the whole building copy of the lawsuit and letter from ,in my opinion m at beekman is failing this building miserable I think when all the information comes out there will many lawsuits and this will be famous for wrong reasons.Example in court what happened when they tried to fix the elevator all costs and mistakes will be bought up . I believe the grogans should not be in this Buiness if this is a example how they behave and maintain machinery and the building in general lets be honest who are they bullying. Doctors lawyers Buiness people heirs in prime arreas not the toughest people in the country maybe they should try to behave and treat like this in tougher neiborhood I believe truly would be a good life lesson for them to see how tough they truly are that being said you be polite to everyone and be able to have a civilized conversion with any tenant or unit owner no matter whatever religion race or private life
I don't recommend Carlos from Carlos Floor. We had him done our floor and regretted it. There was absolutely no protection, not even masking the vents, A/C, cabinet doors. Wood dust were everywhere.
I have a great floor guy. Email me at firstname.lastname@example.org
I can advise you who NOT to hire, based on our recent experience. We called NY Floorman. They damaged our apartment, didn't show up on time, was dishonest etc. They also left large sanding marks all over the floor. We had a very stressful experience. We hired them from Yelp reviews! So don't make the mistake that we made. I heard Carlos from Carlos Floor is good. He was not available to meet the time deadline we had so we couldn't hire him. Regretting that now. I got a quote from Elite also. They seemed quite capable and the quote was same price as the guys we went with. Good luck!
Sorry...wrong category. Can't figure out how to move it.
Can anyone recommend someone to do some simple simple sanding and refinishing of hardwood floors?
We don't need anyone who specializes in high value floors.
We are looking to buy a 2 bed 2 bath directly sold by the owner, anywhere in the Ruppert/Yorkville complex. It can be owner occupied or rented up to 12 months, but after that we need to move in. Thank you.
My understanding is that one can indeed sublet here(for up to 2 years) , as long as they can get Board approval to do so. The applicant must pass a rigorous set of financial requirements and be vetted and interviewed by the board.
Does anyone know whether it's possible to sublet an apartment in Imperial House?
Vituli - Take a look at prior sales and you will see that 3.35 is a very high price for that unit. A similar unit sold for a lot less a year ago, albeit on a lower floor. "G" line apartments are similar to the "A" line apartments and they have sold for under 3 million when in estate condition.
That being said, the Imperial House is an amazing building. Great staff, gym, garage, etc. The apartments are well-built.
Does anyone have information/advice regarding the Imperial House at 150 e. 69th St. There's a spacious unit (19A) listed at $3.350 in "estate" condition - needs a complete redo. I like the neighborhood but don't know much about the building.
Or at least the right AGENT could make the difference between your getting approved within two weeks or four months, if the package isn't thorough and complete.
An advantage of getting a broker that is familiar with your coop should be very important if you go that way. These coop packages that have to be submitted can be real killers and could be the difference of getting the buyer approved or rejected.
vslse, thanks for the kind words.
Broker, Upstairs Realty
Do a keyword search for "FSBO". There's a lot of good info here on SE.
If you don't have the time, then I suggest finding a good broker. Now I know many here will say a broker is useless, clueless, over-paid etc... but like any industry, there are some good ones (Ali aka "front_porch" comes to mind for one). Also find a damn good RE attorney (a must).
For me in the end, time is my most valuable asset. If you have the time, by all means go FSBO. If you don't, consider what your opportunity cost is (not just $$$, but all that goes into selling a coop). You say you're looking for "top dollar"? Do a simple cost/benefit analysis of FSBO vs. broker. I don't know what you do for a living, but it's just a numbers game.
Whatever you choose, good luck and don't let anyone fool you....if it was THAT easy, all listings would be FSBO. Again, I'm NOT saying go with a broker, just saying you should consider your situation and make the best call.
I meant to say, coops are NOT real estate.
On a building page, I see a bar with OVERVIEW/PAST ACTIVITY /DOCUMENTS/UNITS buttons.
Ok, I give up. How do I get to past transactions on the new site? I am a premium member (for whatever that's worth now). I still see the topic under resources, but when I enter a specific building it goes back to the building page which does not have data in past transactions (at least not on my devices).
Anyone has info on this building?
Found out there's a lawsuit goin on
You have good info from members & as mentioned, purpose is key.
If it's an FSBO, like Ali said (thank you btw), try Gotham and also OLR. I don't do FPs anymore - just photography.
I've made floor plans of my apartments using Autodesk Inventor/AutoCAD (expensive, but had at work), Autodesk free home styling software (see http://www.homestyler.com/home ) , and HGTV Home and Landscape Design software (inexpensive).
For my current apartment, I took the dimensions from the floor plan on StreetEasy, mocking the layout up with the software. Then I went around and measured areas of the apartment to see how close the floor plan was. The results weren't the same because the corners are never exactly 90 degrees. Also, the printed floor plan measured from the walls instead of the baseboards. I wound up turning my floor plan into a 3D diagram to accommodate the baseboards.
I used my 3d CAD floor plan to lay out my furniture and design my kitchen, so I wanted it as accurate as possible. I put in "canned" drawings of furniture and cabinets to be able to visualize the layouts.
This is a lot of work to do for someone not familiar with these software products. I used to teach mechanical drawing with Autodesk Inventor .....
2nd the note on "What is the purpose?". For some purposes, an architect may be required. For sale purposes, the listing broker's firm will usually whip up something (if it's not already in their files). The New York Real Estate Brochure Collection at Columbia (http://nyre.cul.columbia.edu/) is also an excellent resource for many purposes.
There are some free software for diy for enthusiast you can find online, here is an example
what's the purpose for the plan though?
There is software, but since it's fairly cheap to have someone else produce the floorplan (generally around $100), I tend to outsource it. You might want to try Gotham Photo Company, or vslse65, who is a photog who sometimes posts here, might do it.