Butterfield House

Started by buyerbyproxy

over 9 years ago

Posts: 0

Member since: Apr 2012

Discussion about 37 West 12th Street in Greenwich Village

I'm helping my mother look at apartments in the Village. She really loves this building. Before we get far into it, does anyone know if this Board allows pied a terres, and also does anyone know the Board rules regarding post-close liquidity. I THINK they allow 60% financing, but I'm wondering what they allow/require post-close. Thanks!

Response by jelj13

over 9 years ago

Posts: 821

Member since: Sep 2011

The broker selling the apartment should know.

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Response by front_porch

over 9 years ago

Posts: 5319

Member since: Mar 2008

A pied-a-terre should be possible with this board. ping me if you want to talk more.

ali r.
{downtown broker - upstairsrealty AT gmail}

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Response by 30yrs_RE_20_in_REO

over 9 years ago

Posts: 9880

Member since: Mar 2009

As far as I know you are correct about the 60% financing. I am not sure about their post closing liquidity requirements but I do seem to remember that they had a 2% transfer fee payable by the BUYER so you may want to ask about that and figure it into your calculations for an offer.

Butterfield House

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