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" If two couples have identical incomes, but one of them pays for their child care with pre-tax dollars and the other with post-tax dollars"
how do u pay for ur kids with pre-tax income?
@hvr - 19%
What percent of coop boards use AGI versus Gross income?
Sorry jordyn, didn't West's other response.
@ossonline it was part of a much larger project so not appropriate to break out the costs for just this but Edgar from Best Flooring Group did it 1 (646) 932-0515
Make sure you tell him where you got his number from as I might use him again and would appreciate him knowing where he got the work from.
This is in C0lumbia C0unty, right?
@deanc ah, how much did it cost to repitch your floor? looks like a great an effective solution.
I recently replaced over 300 ft of flooring in a badly sloping pre-war
elevator building with high quality wideplank maple and a proper under-
base. Your cost should be under $10,000
BertaNY: I was looking at the condo at 72-74 East 3rd Street a few years ago. I considered an making an offer but passed due to walk-up & sloped floor.
you can try get yourself voted onto the board to change the policy however as per comments above,
1/ yes its legal
2/ its comparatively cheap.
Wow. Your building is allowing you to sublet "for years" ... with NO fee ... and is now charging you only 8.33%.
And you're COMPLAINING??
And new policy eliminating ongoing subletting in mairad's building in five, four, three, two ... ONE!!!
This seems in line with the policies of many coops, though usually it's a rental fee of some kind. This actually seems quite reasonable.
From my experience... that is actually VERY CHEAP!!!
Consider yourself lucky!
lol considering both buildings next door sold for around half this price in better condition.....keep chopping.
Another rec for gotham photo company.
Another rec for Jody Kivort: painstaking and a pleasure to work with.
Happy New Year everyone. Just updating link to my real estate portfolio for 2013.
lol, no worries and definitely no need for apologies. It wasn't taken seriously anyway. ;)
Have a great day.
Sorry did not mean to sully the advertisement. Comment was less than serious reference to the choice of art that nicely stereotyped uptown v. Downtown.
Aaron2 - Actually, love my walk-in shower for the dog. Finally have a hand held shower head--makes getting the shampoo off simple--and he doesn't seem to get as freaked as he does in the tub! (Tub in the other bath though --wouldn't give that up.)
And does nobody wash the dog at home any more? I can't even imagine managing it in a walk-in shower.
2 bath or more - ideal for the master is separate tub and walk in shower; otherwise just a matter of preference (for some the lack of a tub will be a deal breaker but i would guess for most having a nice walk in shower would be a big plus). 2nd bath should have a tub
2 bed or more, with 1 bath - need a tub if you want to be able to sell to family
1 bed / 1 bath - again your call, but would probably lean towards a bath
If it's a one bath, putting in a shower will pretty much eliminate half of prospective buyers (mostly women) who cannot imagine not being able to soak in the tub.
Also, couples who plan on having a baby. You can bathe the kid only so long in the kitchen sink. Bathtime without a bathtub? Dealbreaker.
And as a single guy who exclusively takes showers, I can tell you my wonderful prewar soaking tub came in mighty handy when I ended up with a skin condition that required daily medicinal baths. I would have seen absolutely no relief having only a shower.
I would love to get rid of the tub and put in a super luxe walk in rain shower. But I'm not doing it because I have a 2/1 and many of the people who buy the two bedrooms in my building have children. I have no plans to sell, ever but s**5 happens and you never know. Why do something that could significantly r reduce the buyer pool?
What happened to the time that penthouse meant ONE unit on the top floor or on the roof of the building? Only New Yorkers call upper floor units "penthouses." Ridiculous and pretentious. Am I describing New Yorkers?????
The 'penthouse' units are described as being on floors 35 to 41. So much for the old-fashioned idea that it was only the units on the top-most floor. What's wrong with calling them 'full-floor'. Isn't that luxurious enough?
According to some of the descriptions on other units in the building... laundry in basement, storage available, w/d in unit w/board approval, 40% down
Can anybody advise if this building has a laundry and / or bike room?
For walk in shower, either a low niche -- or corner shelf -- to be a footrest for women (or men!) for shaving legs. Showers are awkward without something like that.
Halogen puck lights or LED strip lights. No LED pucks.
Also, put a recessed niche in the wall of the shower area (whether or not you have a tub) to hold the shampoo, soaps, etc.) I've never liked the bottles sitting on the edge of the tub, and now that people are getting rid of their tubs, they look even worse sitting on the floor.
I would suggest LED strip lights for undercabinet use, just to be clear. The puck LED lights are one of the few things I regret doing -- the counter illumination is uneven.
We used door-activated lights on hall closets, but walk-in closets got simple motion detecting switches.
I would also make sure every closet gets an outlet. Need to plug the dustbuster in somewhere.
I just put LED lights under my kitchen cabinets. They've been installed into a panel that mounts under the cabinets, so it looks as if they're embedded in the bottom of the cabinets. Really great lighting!
LED lights inlaid into baseboards? like a aisle on a airplane? :)
LOVE IT! lol... the things people thing of! lol
Kiska bought the lots in 2010 for about $389 per buildable ft², but hasn't filed for any permits beyond the demolition. Maybe they're assembling more lots, or are waiting to see how the Midtown East rezoning pans out.
Does anyone know what is being constructed on the corner of 56th and Lex and how it will impact 136 E 56th
Entrance to subway will NOT be on the NW corner of 86th and Second Avenue. A much preferred ventilation unit rising only as high as the Chase ATM unit that formerly occupied that space will be there. Facade of unit will aesthetically match the Co-op's facade. Air and noise control impact studies relating to the ventilation unit have been conducted-- If you would like a copy of this impact study please contact me. I would be pleased to answer any questions about The Newbury as both a long term shareholder and a Broker. firstname.lastname@example.org
It is where the entrance for the subway will be, so I've heard
maybe its a new corcoran office to handle all the foot traffic for yorkville when the 2nd ave subway line opens up.
Anyone no why part of the building was torn down? I know the second ave subway is there.... But what are they building on the corner there to take apart the piece of the building on 86th corner of 2nd....
Wow, what a horrible name, Nolita Place.
new floors are often uneven in new building... it's called the foundation settling. Very common.
I have seen units in this building... and for some reason.. the FLOORS are uneven!!!
which indicates severe foundation issues... surprising, cuz.. it is a new building too. SCARY!
by the way - construction quality around here varies a lot so make sure you get an inspection. Have heard stories / seen some "chinatown specials" with nice modern finishes down there that are a maintenance nightmare.
One of the loudest blocks of the loudest areas of NYC (directly above a late night restaurant and the club whose prior life had major violence issues). I'd make sure you check out noise level on a Saturday night before you buy. The crowds, dirt, and traffic are giving me agitation just thinking about this location, but If you're into nightlife and authentic downtown grit pretty solid location. A block or two west the value is double!
And correct that ACRIS can mis-file things. E.g., a filing for 771 WEA is under 711.
Good idea, checking the UCC filings. A UCC1 doesn't mean money changed hands, though. A lender will file one months before they lend the money, then if the deal falls through, eventually file a UCC3 to cancel it.
The guy who has UCCs on both 15E and 16E also bought and sold 3E. He has eight UCC1s and six UCC3s on those three apartments between 2002 and 2013. 3E was a reno-and-flip, so maybe those for 15E and 16E were attempts to do the same thing for 15E and 16E that didn't pan out.
nycondo2013 has hit all the discussions of 118 on SE with their complaints about the strictness of the board, so it looks more like sour grapes, than any real statement about the board's requirements. Unable to sell your unit?
As I mentioned above a while ago, I considered 2 other units in this building, and went far enough down the path to ask the selling broker (not the current broker for 16E) to vet my financials with the seller (who claimed to 'know' the requirements) -- I had debt, but would have been an all cash buyer. I was told it would be no problem. I'll rephrase my statement from an earlier post -- it appears to be about the overall financial position, rather than a single criteria. Clearly, they're a conservative building. Certainly not the most conservative in the neighborhood (hint: walk around the corner and check the requirements on the other nearby white-brick buildings).
That said, let's look at 16E -- i think there's a mystery there. An ACRIS search shows that a variety of people in the last few years have files UCC1s & UCC3s on the place (one of them also seems to own 15E). Either there are a lot of owners squeezed into that 1BR, or ACRIS records are missing the ownership transfers, or ACRIS is just wrong. I don't understand how so many people seem to be using 16E as their cash machine.
17E sold not too long ago at 625k, so it seems unlikely that 16E, unrenovated, is going to get their 675k ask. That said, 12B (more or less mirror image floor plan), renovated, cleared 670k (To Julien Studley, of the real estate company), while 15B cleared only 517k. So maybe they only sell to real-estate professionals. Personally, I think the broker isn't doing a good job of a) managing the seller of 16E's price expectations, and b) vetting candidates' financials.
I believe they have a no debt requirement, if you are a doctor and you still have student loans you will not get approved.
If you don't want a board making judgements, why even look at a co-op? There're lots of condos in the neighborhood.
There've been eight closings at 118 so far this year, with only four all-cash, so if the board does have an all-cash policy they're not sticking to it.
Just out of curiosity, how does it happen that so many people you know are applying to buy in the same building, and even more strangely, all being turned down? That's really beating the odds, unless you have an exceptionally broad acquaintance.
Another reason for low pricing - The board is incredibly strict and the rejection rate is similar to that of an ivy league university. Take a look at most of the units for sale today such as 16E. This one has entered into contract 4 times in the past year, and it never sold due to four rejections. Good luck if you ever want to sell
Regarding our building contractor..........it's been a few years since we used him and have recommended him to 3 or 4 people who have used him. I have never heard a bad word from anyone. Indeed, I bump into his people on occasion and everyone seems happy. So if you need a recommendation, send me an e-mail email@example.com. Doug Anderson. Apt 31h
Finally, we are 100 yards from the best subway station in New York City. We go to the theater at night and find that it takes 15 minutes from the front door of the building to pretty much any broadway theater and the trains are generally empty.
If you have a cat, or are thinking of adopting one, do not purchase in an "implied" cats allowed or "don't ask don't tell" building. There are plenty of cat friendly options in New York and you will never have to face a heartbreaking situation.
The co-op board rejects 75% of applicants, requires liquidity equal to purchase price, and is generally hyper conservative. Be careful.
>The board is incredibly strict and the rejection rate is similar to that of an ivy league university.
Ugh, half of the people in my Ivy League school were only there because of football, the Kennedy or Bush name, other legacy admissions, really rich foreign parents, or who didn't know how shitty the neighborhood actually was. So I feel your pain.
The board is incredibly strict and the rejection rate is similar to that of an ivy league university. Get ready to be disappointing if you are under 40 years old, if your liquidity does not exceed the full purchase price, if you are taking a mortgage, or if your hair is not perfectly coiffed. Take a look at most of the units for sale today such as 16E. This one has entered into contract 4 times in the past year, and it never sold. Broker won't say, but seems to be rejections each time
Hi, we have just noticed your comment about possibly purchasing in Riverdale. Are you still on the market for an apartment?
What are people's senses regarding the central Riverdale market, both in terms of resale value, time that units sit on the market, and what to expect in pricing for a large 2BR/3BR coop?
I see some older discussion threads, but I don't see anything particularly current.
A Manhattaner potentially moving to the Bronx but skittish about resale
I dont think October 15th is realistic - they have to provide you with 30 day notice , and to day is September 15th already.
I just heard -the TCO next month and closings should happen Nov/Dec
I'm hearing on/around Oct 15th to start...
Building looks nice.
Better quality thn Kalahari i think.
Much more expensive.....i am expecting to see different type of people living @ Adeline.....
any update on a closing date?
13 apts left . Out of 83
I am seeking to buy a 2 bed / 2 bath in this building. I am NOT a broker, and I am happy to purchase directly from an owner. OK if this is owner occupied, and OK if there is a tenant in place. My timeline is flexible. My email is firstname.lastname@example.org
jelj13: correct, only the apartments facing North from 1641 and 1623 will be affected. It seems that they are almost ready to start: there are no parking signs on 92nd and construction barricades.
The 1619 building faces E 90 and E 91 Sts. No way can you see the new apartment house going up on E 92 to E 93 Sts. Only the apartments over the E 92 entrance to 1623 and 1641 buildings will be affected.
Being on 92nd St between 3rd and Second Avenue it is going to block the view for the North facing apartments, difficult to say if this is going to have a real effect on prices but I think that should be disclosed (I have been looking at some units and the broker didn't mentions anything).
Any concern about the development on Ruppert Park by Related?
OK fair enough. But being in a nice, or nicer place is different from someone name dropping it to try and impress people.
They just listed the apartment with Douglas Elliman and reduced the price to 1,788,000.
Guywithcat: Remember the old addage "beauty is in the eye of the beholder". Ruppert is probably a step up from where they lived before and he's ecstatic. There's nothing wrong with that.
Plus if you live there you can name drop to other people who will roll their eyes.
Call Eddie at 917-734-3885.