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Want to purchase deeded parking spots

Started by Chester1972
almost 10 years ago
Posts: 10
Member since: Feb 2014
Discussion about
Ideas? Every once in awhile I'll see a sign up somewhere, but I'd really like to be able to have a better source. North Brooklyn
Response by NWT
almost 10 years ago
Posts: 6643
Member since: Sep 2008

The condos that have them almost always restrict sales to an owner of an apartment.

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Response by Chester1972
almost 10 years ago
Posts: 10
Member since: Feb 2014

Most condos don't actually, not in the bylaws anyway. I own a couple.

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Response by jelj13
almost 10 years ago
Posts: 821
Member since: Sep 2011

I found NWT to be correct in the condos I looked at. However, they did let you rent your spot to someone from the outside.

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Response by BillyRes
almost 10 years ago
Posts: 166
Member since: Feb 2008

Looking for a 3rd or 4th parking spot in N. Brooklyn? That's nice. I own a spot myself. Parking spaces come up for sale occasionally in my building. But as NWT mentioned, the sales are restricted to owners only. I'm going to check out my by laws.

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Response by JJ2
almost 10 years ago
Posts: 114
Member since: May 2014

I want to sell my 2 spots , is there a secondary market for this ?

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Response by Chester1972
almost 10 years ago
Posts: 10
Member since: Feb 2014

JJ2, I may want to buy your spots. Where are they located?

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Response by Chester1972
almost 10 years ago
Posts: 10
Member since: Feb 2014

Even the restrictions about not selling to person that don't live in the building seems dubious to me. I'd speak to a lawyer. Deeded parking spots are real property. It seems wrong that a building could restrict the sale, especially a condo. I'm going to look into this further.

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Response by jelj13
almost 10 years ago
Posts: 821
Member since: Sep 2011

I thought the same thing about a storage room that I bought in a condo where I lived. When I sold the apartment, I had to sell the storage room. There was nothing clear cut in the building documents and I had a lawyer look into it. The bottom line was that the condo would deny me access to the property, even though it had its own deed. It was too costly to fight this and I probably would not have won.

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Response by Chester1972
almost 10 years ago
Posts: 10
Member since: Feb 2014

Yeah, kinda messed up. Real property.. I understand right of first refusal, but that's absurd. If right of first refusal it has to be written in the docs, if it isn't there it requires an amendment and isn't cheap. I'd fight.

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Response by Flutistic
almost 10 years ago
Posts: 516
Member since: Apr 2007

Chester, you'd lose. I'd hear you, but condo law is different, and anyway even free standing properties can have deed restrictions. Now let's all read the NYS Condo Act over breakfast!

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