Skip Navigation

subletting restrictions at co-o[s

Started by newguy97
over 17 years ago
Posts: 46
Member since: Feb 2009
Discussion about
So I'm looking to buy an apt in east side somewhere, and i'm finding that most co-ops have subletting restrictions (2 or 3 year restrictions, and some that require yearly approvals). My experience is that 75% have restrictions, is this about accurate?
Response by columbiacounty
over 17 years ago
Posts: 12708
Member since: Jan 2009

can't speak to the percent but our building does and all the co-ops that i have ever heard this discussed about did as well. general advice is that if you are even considering renting, you should look at condo's.

Ignored comment. Unhide
Response by newguy97
over 17 years ago
Posts: 46
Member since: Feb 2009

right.. but there aren't that many condo's in the city? or am I just not looking in the right places?

Ignored comment. Unhide
Response by e76
over 17 years ago
Posts: 226
Member since: May 2009

i'm assuming you're looking at the upper east side which is laden with co-ops. you can find a lot of condos, especially east of park ave. keep looking. it may help to run a specific search through SE to get an idea of what's out there. make sure you weigh the pros and cons of condo vs. coop ownership, though...

Ignored comment. Unhide
Response by kands10016
over 17 years ago
Posts: 76
Member since: Apr 2009

Are you open to Murray Hill? Plenty of condos/condops here.

Ignored comment. Unhide
Response by newguy97
over 17 years ago
Posts: 46
Member since: Feb 2009

I'm actually looking in murry hill.. any suggestions?

Ignored comment. Unhide
Response by kands10016
over 17 years ago
Posts: 76
Member since: Apr 2009

i don't live in a condo or condop now but I live near tons of them...there are plenty in this area. The Churchill (40th/2nd) has circular driveway. I havent seen any units here, but the building looks nice and it has a pool. Corinthian (330 east 38th street) phenomenal views and amenities (they have a great pool, running track, and health club). Whitney (311 East 38th) appears well maintained. It's also smaller than the Horizon, Corinthian, and Manhattan Place (behemoths) The Horizon (415 east 37th) and Manhattan Place (630 First Avenue) are a bit far from subways (though not much further than Corinthian) but also have very nice amenities and are probably less expensive. Vanderbilt (235 East 40th Street), has some good amenities, but the laundry room looked small (maybe most owners install their own w/d? - that was being renovated when we looked. But it is so close to Grand Central. Then there's 200 East 32nd (The Future). I haven't seen the amenities. It's a nice place and close to the subway. There are a couple more on Park Avenue near Grand Central (I think are older) but I don't know much else about. I think if you do a search for condos in this area you will find plenty!

On a side note, I am curious about how these building get their names...

GL

Ignored comment. Unhide
Response by jason10006
over 17 years ago
Posts: 5257
Member since: Jan 2009

You pay hundreds of not thousands in fees separate from the brokerage fees to the coop or condo board to get a coop or condo in most bldgs. Make sure and find out about that before wasting your time on some places. If the price seems much lower than a comparable rockrose or glenwood or avalon bldg, its probably because the condo owner wont be paying your broker fee or the $3000 you have to pay to the condo board.

Ignored comment. Unhide
Response by jason10006
over 17 years ago
Posts: 5257
Member since: Jan 2009

...which REALLy sucks if they want you out in 2 years or less.

Ignored comment. Unhide

Add Your Comment