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Sale at 67 Morton Street #5C

Started by david87
about 13 years ago
Posts: 29
Member since: Mar 2012
Discussion about 67 Morton Street #5C
Why is this listed as a 2 bdr, 2 baths when there is only 1 bath? Also, isn't this a coop? (listed as a condop).
Response by NWT
about 13 years ago
Posts: 6643
Member since: Sep 2008

The broker made an error when entering the data. Drop them a note.

Either they're using cond-op in the "co-op with condo rules" sense, or that was an error too.

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Response by kylewest
about 13 years ago
Posts: 4455
Member since: Aug 2007

Just an error re: number of baths.
FWIW: I know the building and like it very much. It is an extremely reasonably run co-op in a super location. Solid financials and well-run. The broker is a solid, very decent person and has earned a reputation for honesty (full disclosure: I've used her before and was very satisfied). She also manages and lives in the buildings last I knew. As for the structure of the coop, I think it is one of those situations where it is a condo with two units: the retail space and the cooperative consisting of the apartments. The coop apartments may have more liberal rules than many coops, but I can't remember. I know that the board is not a pain about renovations and the like. Just know that if you do a reno you will be required to re-wire the apartment if that hasn't already been done.

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Response by david87
about 13 years ago
Posts: 29
Member since: Mar 2012

I did check, it's 1 bath and a "coop", definetly not a coop with condo rules (see rental policy). It would be nice if brokers would check themselves.. I remember this building now: has low maintenance but a very high flip tax.

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Response by NWT
about 13 years ago
Posts: 6643
Member since: Sep 2008

Right, it's a cond-op in the correct sense. Commercial unit owned by the sponsor, and residential unit owned by the co-op.

When brokers select "condop" as the type, you never know whether they mean real cond-op, or co-op with condo-like rules, or both.

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Response by david87
about 13 years ago
Posts: 29
Member since: Mar 2012

Thank you, it's now more clear, however sublets are limited, I believe 3 years every five years with some other limitations, so it's not really with condo rules, at least this is what I remember.
It would be nice to find more complete and correct information (flip tax included and correct number of baths) in the broker's description if possible. Just saying..

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Response by front_porch
about 13 years ago
Posts: 5321
Member since: Mar 2008

To be fair to the listing broker (who I've been on the other side of a deal from, and I echo KW's comments that she's great) the description does say that there's one bath.

ali r.
DG Neary Realty

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Response by Guywithcat
about 13 years ago
Posts: 329
Member since: Apr 2011

this has been on the market for weeks -- what's going on here?

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Response by kylewest
about 13 years ago
Posts: 4455
Member since: Aug 2007

Not sure what you mean. It is 71 days. That isnt very remarkable. Do you have a dog in this race?

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