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
The condos that have them almost always restrict sales to an owner of an apartment.
Most condos don't actually, not in the bylaws anyway. I own a couple.
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.
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.
I want to sell my 2 spots , is there a secondary market for this ?
JJ2, I may want to buy your spots. Where are they located?
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.
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.
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.
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!