Selling Apt / Need a new home.
Started by nycbuyer1
over 16 years ago
Posts: 108
Member since: May 2009
Discussion about
I am going to be selling my apartment and now need to find a rental. I am wary about renting a condo from an individual after having heard horror stories (owners not paying mortgage, etc.). I know subletting a co op is more of a pain, but I have the financials to pass a board review. Perhaps a co op would be more safe? Otherwise, I will try to go directly to management companies to avoid fees/scams. Can anyone tell me which management companies / rental buildings are best to deal with? I have heard of rockrose, related, and bettina but do not know anything about them.
Glenwood, Rose Associates, Brodsky Org.
Carnegie Hill Mgmt
Also, check out Urban Sherpa. Durst Org., Milford Mgmt
nyc 10023, Thanks very much for your help.
Good guidance above from 10023.
The Related Rentals office seems very professional, and the information on their website is well-maintained. Of course, you'll pay for quality. BLDG has been quite responsive too.
Coop sublets can be great deals if you don't mind the up-front hassle. Are you targeting a particular neighborhood and apartment size?
Trouble with co-op sublets is that they are usually of limited duration.
What are you selling and where?
I am open to a number of neighborhoods including upper west, gramercy/flatiron, chelsea, and west village. I am looking for a junior 4 to 2 bedroom.
I am selling an 800 sq foot 1 bedroom in midtown east. I like the apartment but I need at least a little more room and would like more of a neighborhood. It seems that midtown on either side, fidi, are similar to where I am now. Any suggestions would be welcome.
you can often get a two-year lease in a co-op. And, for the right co-op, especially in a bad economy, the limited duration may turn out not to be as fixed as it once seemed.
I think prices seem better for co ops. What happens as a tenant if the co op owner defaults on their mortgage or maint? I know it sounds paranoid, but this economy makes me nervous about about subletting.
The two-year lease in a co-op is pretty much a thing of the past. We are finding that boards are increasingly unwilling to offer them.
However, the price is still often better than a one-year for comparable rentals -- it has to be to make people consider doing the paperwork -- and often the inventory is nicer.
Just make sure that when you see the unit or call the agent (i.e. "first contact") that you get an outline of fees. Move-in/move-out can be close to a thousand bucks, and often there's a move-in deposit (refundable) on top of that. Plus there's usually an app fee of a few hundred, and often a small credit check fee.
You can check the terms of your lease, but usually it is written so that it stays in place despite a change of ownership such as a sale or a foreclosure.
ali r.
{downtown broker}
Ask the Agent: http://bit.ly/12afCB
I have two great apartments coming up ,101 W 79 St for $3,200. 1 bed 2 bth excellent views and the other on East 92nd St for $3,500 1 bed / 1bth with private garden. If interested e-mail me at gardenapartment1rr@gmail.com Both are no fee.