Sponsor Ruined Value of my new condo

I would speak to your real estate attorney and see if there is anything in the contract/offering plan.

what a shame.

The sponsor commented, "when I gave approval I didn't consider the impact it would have on your apt." How does his admission help me? I have been told by two realtors that the value of my apartment is no longer what I paid because of this encroachment, but who wants to go through a lengthy lawsuit? Has anyone come across this problem in the past?

What building? I would call the sponsor every week asking him to rescind approval.

Too late to rescind approval. Structure is already in. Don't want to publicize building at this point, but I am mad as hell and might if I don't get some satisfaction! Building is in Chelsea

You are assuming the Sponsor has the right to give the approval. What is the structure? It is totally possible it is not allowed -- not under Sponsor rights but under DoB.

Talk to a real estate attorney. Find out if structure is legal. Lots of time they are not. If not, it is easy. Have lawyer send letter to neighbor.

You say it is too late to rescind approval. Somehow I doubt that. Don't be so defeatist already. Be mad but first action is if structure is legal under DoB. Second, is it legal under the condo rules. And did Sponsor give permission through condo board or personally? Remember, it most likely is something the board would need to give permission for. There would be minutes.

Read the offering plan very carefully. Then speak to an attorney.

I'll tell you what sounds "funny" about this to me: what Sponsor doesn't build every possible SF of structure of any sort that they legally can?

By-laws usually have limitations regarding structures and plantings on terraces. Sponsor may have just goofed and did not benefit. They may rescind the permission. Again check your bylaws, and speak to your attorney. This sounds cut and dry.

unhappy1, you had no view to lose. A "view" by definition is protected. If you paid for a view that wasn't protected, it was your screwup.

i'm more in the old west school - plenty o stuff built illegally gets torn down.....over time

If a view is key to why you are buying or an important part of your calculation of a unit's worth, it damn well better be protected in writing and you had best be sure your attorney reviews the purchase to ensure this aspect is covered. To just assume what you see will always be what you see is a bit naive.

did you know some native americans want their island back... and that includes your view unhappy!....