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Open Permit on an apt I want to buy

Started by lacarruk1
over 15 years ago
Posts: 18
Member since: Feb 2007
Discussion about
If there is an open Alteration Type 2 Permit with NYC Building Dept on an apartment I am looking to buy, does the seller need to close that out before I buy? Can I close regardless?
Response by dwell
over 15 years ago
Posts: 2341
Member since: Jul 2008

Seller should do so, but, perhaps they may drag their feet & the cost & hassle could fall upon you.

My suggestions: Go to DOB web site & see what's outstanding. Perhaps contact an architect or expeditor now & see what's outstanding. If you take a mtg, I think the bank could object to an open permit.

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Response by dwell
over 15 years ago
Posts: 2341
Member since: Jul 2008

"Perhaps contact an architect or expeditor now & see what's outstanding."

I meant to ask them the cost of closing out the open permit.

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