Getting in, getting out

So TTFTC, what exactly is your message? This is a great building because they keep out people who can't wash their shirts? That this building couldn't exist in LIC/Greenpoint/Williamsburg because they all have stained shirts or some other blemish? What are you trying oto say? Oh, also, welcome to Streeteasy.

The building is great because the lobby is new and the location is close to subways, etc. Just wish I could move ;(

Move out?

sell versus sublet my apartment when I'm moving out of state

What do you gain by complaining about your building online?

hoping things change for the better

Listen, you seem like a nice guy or gal, though I'm sure what TTFTC might stand for, but let me set you straight, here on streeteasy, with people like c0lumbiac0unty, inonada, w67thstreet, and apt23 / mimi, this isn't some happy happy place where all your real estate problems are solved. Heck, look at front_porch, always the victim, who has needed to move to the second floor finally, and aboutready, who has recently been unable to admit that she lives in Williamsburg rather than 10011 Chelsea.

If you wanted easy in and easy out, then you should've bought a condo. But then you'd

have paid much more. Can't have it both ways.

The board may be trying to raise the financial/sartorial tone of the building, which means training the broker community. As with a dog or baby, that entails constant repetition.

Also, the building seems to be going through a demographic blip, with a high ratio of estate sales. That means lots of would-be flippers trying to get in on the cheap, so a high rate of turn-downs.

There are easier buildings, though. My own co-op across town is less than half the size, so fewer sales to go on, but the board hasn't turned anyone down in many years.

Either that, or they've trained brokers to prequalify better, or to run a potential buyer through the mini-board before flipping the in-contract switch. That'd make the building look easy while still keeping the riff-raff out.

Assume your turndown #s are as a result of reading the board minutes. For the same period (Mar 2012 - Jan 2014 there appear to have been 28 completed sales (based on my quick read of SE data), so a rejection rate of about 14/42 (rejects / (rejects +actual sales)). Roughly 33%. Any board members care to weigh in on how that compares to their building? I know a buyer in the building who certainly didn't have liquid assets 3x the purchase price, so perhaps her shirt was particularly sparkly. Perhaps you should talk to *another* broker about how he would manage prospective buyers and get their package through the process. That is what you pay them for, after all.

Buyers Beware. I was recently rejected by this board. I am an ALL-CASH buyer, with sterling credit, abundant liquidity (cash and marketable securities sufficient to pay for more than a quarter century’s worth of maintenance (!), and no, I am not talking about my 401(k) investments; this is unrestricted, cold, hard cash), a net worth many times the value of the apartment, unblemished employment record (gainfully employed and well-known and respected in the same industry for over two decades, working for a major US company), and excellent references. Oh, and in case you are wondering, I am white. Go figure. No idea what these people are looking for. I really liked the apartment and I would have been a nice, quiet neighbor but in hindsight it’s probably better that I didn’t get in because selling in this building is obviously a nightmare. My attorney had warned me about the many rejections he noticed in the minutes of the board meetings but given my circumstances/credentials, he didn’t think I would have any problems. He would be wrong. Palace coup, anyone?

>Oh, and in case you are wondering, I am white.

Go figure.

What apartment # and what was your proposed purchase price? You were probably below the prevailing price/share average.

Sour grapes!! Cash buyers and ones with financing got into this building.

>Cash buyers and ones with financing

vs what?

@mgershon: then the building must discriminate based on things like marital status, gender, ethnic origin, number of kids, pied-a-terre vs. full-time resident or some other criteria. The board should just do a better job of communicating that to the broker community so people don't waste their time, energy and money.

Well, if the board is rejecting applicants for illegal reasons, such as ethic discrimination, they dare not communicate that to anyone.

The most likely reason is PRICE PROTECTION. AMA1's offer was too low. The board of our building has announced a policy of rejecting all "low" offers because apartment values have slid too much for their taste. (Never mind the free market economy part, they didn't get the memo).

The Upper East Side has been hammered by the Second Ave subway construction, and the fact that no matter how many Brooklyn businesses, chasing lower rents, open outposts on the UES--as much as I am grateful for the Meatball Shop--the UES is just not going to become hip. The fundamentals for hipness are not there, and change is going to take decades, if ever.

And AMA1 -- you are one lucky cat! Do a little happy dance.

>then the building must discriminate based on things like marital status, gender, ethnic origin, number of kids, pied-a-terre vs. full-time resident or some other criteria. The board should just do a better job of communicating that to the broker community so people don't waste their time, energy and money.

Welcome to earth AMA1

AMA1 + TTFTC = buyer an seller of the same unit obviously

and since there was only ONE apartment out of the last 15 CONTRACTS that didn't SELL ,
it's pretty easy to tell which TROLLS these two people are

.

AMA1--Are you pursuing legal action?

8 years ago I posted the following and it's true to this day. One more time, we have been asked by several people if we liked the building contractor we used and our answer has been yes. We have been happy to introduce folks with work to do to him and the outcome has always been positive.........not always the case with such "fix ups". Therefore, several years later, we are happy to make the introduction if you would like. These people have done a lot of work in the building over many years and, therefore, know what can be done and what cannot....in all senses of that thought.

The owners of the firm have broken up their partnership but Edi Plaka, he who has always been there for us and comes immediately when we have something to fix, started his own firm some minths ago, is just great. His e-address is htechny@aol.com. His cell phone number is 646-348-0237.