Hello! I am looking to get answers to some pretty specific questions about the physical condition of a co-op. I think that the super of the building itself would probably be the best person to talk to, but I'm not sure of the best way to get in contact with him, and perhaps people here have some other ideas. The type of questions I'm looking for answers to are: When was the roof put on? How much... [more]
Hello!
I am looking to get answers to some pretty specific questions about the physical condition of a co-op. I think that the super of the building itself would probably be the best person to talk to, but I'm not sure of the best way to get in contact with him, and perhaps people here have some other ideas.
The type of questions I'm looking for answers to are:
When was the roof put on? How much did it cost?
When was the roof last repaired? How much did it cost?
When was the current boiler installed? How much did it cost?
When was the current boiler last repaired? How much did it cost?
When were the windows installed? How much did it cost?
What type of pipes does the building use?
When is the building converting to gas? How much did it cost?
When was the elevator put in? How much did it cost?
When was the elevator last repaired? How much did it cost?
When was the lobby redone? How much did it cost?
And so on.
Any help would be greatly appreciated. :)
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Response by columbiacounty
over 13 years ago
Posts: 12708
Member since: Jan 2009
be sure to ask all of these questions and many more of everyone you can find.
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Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010
why
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Response by columbiacounty
over 13 years ago
Posts: 12708
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wow
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Response by huntersburg
over 13 years ago
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oh
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Response by columbiacounty
over 13 years ago
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why
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Response by huntersburg
over 13 years ago
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huh
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Response by columbiacounty
over 13 years ago
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daniel---when are you going to sign the contract?
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Response by sma10022
over 13 years ago
Posts: 72
Member since: May 2010
Are you serious? Really? Buying an apartment or the building?
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Response by columbiacounty
over 13 years ago
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daniel is anything but serious.
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Response by huntersburg
over 13 years ago
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columbiacounty, how was your time with the deer?
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Response by columbiacounty
over 13 years ago
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why
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Response by huntersburg
over 13 years ago
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Did they look through the window in your shower? You must have liked that if they did.
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Response by columbiacounty
over 13 years ago
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why
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Response by huntersburg
over 13 years ago
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Did you call the cop too?
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Response by columbiacounty
over 13 years ago
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why
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Response by huntersburg
over 13 years ago
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columbiacounty
about 7 weeks ago
ignore this person
report abuse really? you're comparing renovating with heart surgery?
hmmn. you fuck up the renovation...you're out some money.
Managing agent is the source for answers to these questions. If you are not the owner, the MA may not want to talk to you, but if you are a bidder the owner should be motivated to either get the MA to answer or have the seller's agent ask the questions on your behalf.
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Response by marco_m
over 13 years ago
Posts: 2481
Member since: Dec 2008
check the DoB website for permits and violations
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Response by Daniel178
over 13 years ago
Posts: 106
Member since: Apr 2012
@sma10022-
Apartment.
@SMattingly-
Thank you for the concise advice :)
@marco_m-
I have checked the DoB, but certain info isn't available there.
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Response by Truth
over 13 years ago
Posts: 5641
Member since: Dec 2009
It should be in the minutes, Daniel. Your attorney will look for it when he reviews them.
Permits for facade work,other building permits are on the DOB website. Click on the permit section.
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Response by Truth
over 13 years ago
Posts: 5641
Member since: Dec 2009
You're doing well, Daniel. Good question. Those are the type of expenses that cause assessments.
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Response by drdrd
over 13 years ago
Posts: 1905
Member since: Apr 2007
Daniel, you need a good RE lawyer who specializes in Manhattan co-ops. That's the info you should be soliciting here. Also, Ms. Ali Rogers from DG Neary Realty very kindly offered to counsel you for the price of a coffee; contact her.
From what I've gleaned from your story, I'd suggest that you do a modest rehab on the kitchen & bathroom & put some money aside toward future assessments, since that is how this building deals with any new expense. I also strongly urge you to find a good financial planner as KyleWest suggested & listen carefully to what they advise ~ BEFORE you proceed with this purchase.
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Response by Daniel178
over 13 years ago
Posts: 106
Member since: Apr 2012
I do now have a lawyer, and he is reading the minutes and doing the rest of the due diligence, as per normal.
I have also spoken with an independent financial advisor, and he gave me some very positive input. He did not recite exactly how much to put down, but he gave a general overview of the picture, and it was encouraging, not discouraging.
I have also both emailed and spoken with Ali, she was very nice and helpful.
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Response by drdrd
over 13 years ago
Posts: 1905
Member since: Apr 2007
Terrific, Daniel; best of luck to you!
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Response by front_porch
over 13 years ago
Posts: 5316
Member since: Mar 2008
Thanks as always drdrd for the shout-out. Daniel and I spoke this weekend; he is a first-time buyer with many questions, but it sounds like his Big Firm agent is doing a decent job, so I'm not mopping up after someone, but just providing an add'l friendly voice.
Paying back karma and SE for the wonderful downtown clients I just got from this board.
And Daniel, I just shot you an email with my answer to this q.
GL
ali
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Response by drdrd
over 13 years ago
Posts: 1905
Member since: Apr 2007
Ali, you're a doll. Best to you, too. xoxox
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Response by Daniel178
over 13 years ago
Posts: 106
Member since: Apr 2012
Ali,
Thanks so much, but for some reason I didn't receive your email -- perhaps could you send it again? (or post it here?)
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be sure to ask all of these questions and many more of everyone you can find.
why
wow
oh
why
huh
daniel---when are you going to sign the contract?
Are you serious? Really? Buying an apartment or the building?
daniel is anything but serious.
columbiacounty, how was your time with the deer?
why
Did they look through the window in your shower? You must have liked that if they did.
why
Did you call the cop too?
why
columbiacounty
about 7 weeks ago
ignore this person
report abuse really? you're comparing renovating with heart surgery?
hmmn. you fuck up the renovation...you're out some money.
you fuck up heart surgery?
why
http://streeteasy.com/nyc/talk/discussion/23326-im-feeling-japanesa-im-feeling-japanesa?
why
Managing agent is the source for answers to these questions. If you are not the owner, the MA may not want to talk to you, but if you are a bidder the owner should be motivated to either get the MA to answer or have the seller's agent ask the questions on your behalf.
check the DoB website for permits and violations
@sma10022-
Apartment.
@SMattingly-
Thank you for the concise advice :)
@marco_m-
I have checked the DoB, but certain info isn't available there.
It should be in the minutes, Daniel. Your attorney will look for it when he reviews them.
Permits for facade work,other building permits are on the DOB website. Click on the permit section.
You're doing well, Daniel. Good question. Those are the type of expenses that cause assessments.
Daniel, you need a good RE lawyer who specializes in Manhattan co-ops. That's the info you should be soliciting here. Also, Ms. Ali Rogers from DG Neary Realty very kindly offered to counsel you for the price of a coffee; contact her.
From what I've gleaned from your story, I'd suggest that you do a modest rehab on the kitchen & bathroom & put some money aside toward future assessments, since that is how this building deals with any new expense. I also strongly urge you to find a good financial planner as KyleWest suggested & listen carefully to what they advise ~ BEFORE you proceed with this purchase.
I do now have a lawyer, and he is reading the minutes and doing the rest of the due diligence, as per normal.
I have also spoken with an independent financial advisor, and he gave me some very positive input. He did not recite exactly how much to put down, but he gave a general overview of the picture, and it was encouraging, not discouraging.
I have also both emailed and spoken with Ali, she was very nice and helpful.
Terrific, Daniel; best of luck to you!
Thanks as always drdrd for the shout-out. Daniel and I spoke this weekend; he is a first-time buyer with many questions, but it sounds like his Big Firm agent is doing a decent job, so I'm not mopping up after someone, but just providing an add'l friendly voice.
Paying back karma and SE for the wonderful downtown clients I just got from this board.
And Daniel, I just shot you an email with my answer to this q.
GL
ali
Ali, you're a doll. Best to you, too. xoxox
Ali,
Thanks so much, but for some reason I didn't receive your email -- perhaps could you send it again? (or post it here?)
cheers and thanks again!
Got it now, thanks so much Ali :)