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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.
Response by nyc10023
over 16 years ago
Posts: 7614
Member since: Nov 2008

Glenwood, Rose Associates, Brodsky Org.

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Response by nyc10023
over 16 years ago
Posts: 7614
Member since: Nov 2008

Carnegie Hill Mgmt

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Response by nyc10023
over 16 years ago
Posts: 7614
Member since: Nov 2008

Also, check out Urban Sherpa. Durst Org., Milford Mgmt

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Response by nycbuyer1
over 16 years ago
Posts: 108
Member since: May 2009

nyc 10023, Thanks very much for your help.

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Response by West81st
over 16 years ago
Posts: 5564
Member since: Jan 2008

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?

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Response by nyc10023
over 16 years ago
Posts: 7614
Member since: Nov 2008

Trouble with co-op sublets is that they are usually of limited duration.

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Response by affrench
over 16 years ago
Posts: 34
Member since: Mar 2008

What are you selling and where?

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Response by nycbuyer1
over 16 years ago
Posts: 108
Member since: May 2009

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.

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Response by JohnDoe
over 16 years ago
Posts: 449
Member since: Apr 2007

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.

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Response by nycbuyer1
over 16 years ago
Posts: 108
Member since: May 2009

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.

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Response by front_porch
over 16 years ago
Posts: 5316
Member since: Mar 2008

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

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Response by de11
over 16 years ago
Posts: 9
Member since: Jun 2009

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.

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