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Apartment/tax lot combination?

Started by mads278
almost 16 years ago
Posts: 2
Member since: Feb 2010
Discussion about
Hoping someone can help me with this question! My husband and I combined two condo units to create our apartment. We did the combination legally, by filing for appropriate permits with the DOB, getting the work done, and then obtaining DOB sign-off. However, my understanding (which I admit, is limited) is that to truly "combine" the apartments into one apartment, we also need to combine the tax lots. Is this accurate? Is there anything else we need to do? If this is correct, what type of professional would be able to help me with the combination -- do I need an architect? A lawyer? And do you have a recommendation for a person we could use to get this done? Thanks!
Response by NWT
almost 16 years ago
Posts: 6643
Member since: Sep 2008

Check with your condo's managing agent. The condo's board needs to file an amended condo declaration, saying, in effect, "tax lots x and y are now z" and specifying the PCI for the new lot.

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

http://www.nytimes.com/2003/03/16/realestate/your-home-combining-two-co-ops-or-condos.html?pagewanted=1

Sounds complicated.

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Response by mads278
almost 16 years ago
Posts: 2
Member since: Feb 2010

Thank you both. It does sound complicated, but hopefully do-able!

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Response by Crashwait
almost 16 years ago
Posts: 54
Member since: Nov 2008

I've done this for several clients (I'm an architect). And, yes - you'll need a lawyer also. Most of the clients I've done this for were doing it because their buyer's bank required the tax lots to be combined for financing. New condominium drawings and an amended declaration have to be filed with the Dept of Finance. Your condo board will probably insist that their attorney draft the dec and it always seems to take a very long time to get the board to approve it. Email me off-line if you need any help with this (I think this can be done on Streeteasy).

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