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TCO application status / NWT?

Started by 300_mercer
about 9 years ago
Posts: 10553
Member since: Feb 2007
Discussion about
Does any one know how to check whether a TCO application has been filed? I know how to check the actual TCO issued using the link below. http://a810-bisweb.nyc.gov/bisweb/bispi00.jsp Thanks.
Response by NWT
about 9 years ago
Posts: 6643
Member since: Sep 2008

That's the only place I know of. Don't remember ever seeing an application in all those documents.

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Response by 300_mercer
about 9 years ago
Posts: 10553
Member since: Feb 2007

Thank you.

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Response by front_porch
about 9 years ago
Posts: 5315
Member since: Mar 2008

Hijacking the question to NWT:

The managing agent of your target building will be able to tell you if an application for a TCO, or a TCO renewal, has been filed and when. If they're on the ball they can tell you what steps (FPP, elevator, whatever) stand between filing and approval.

If you don't have an accepted offer, you don't really have standing to talk to them, so you'll have to do it through the seller. If you don't trust the seller I suppose you could get them to ask the managing agent via email, and then forward the email reply.

If you physically go down to DoB (280 Broadway in Manhattan, which is a stone's throw from my office, so let me know when you're coming and I'll buy you a coffee) it's possible to check too, but IIRC you as a nonpro will have a hard time going through the procedures and the computer system, so in practice you just corral an expediter who's in the building and ask them to check for you, and then say thank you very nicely.

As a broker I've done this for a seller who was between TCOs, just to get the buyer -- and more importantly, the buyer's lender -- to a point of comfort. The sponsor of the building was in no particular hurry to fix things though, so IIRC we had to end up getting the building's law firm involved to yell at the sponsor alongside me to get him to keep moving things along.

We won in the end but it did take awhile -- a couple of months.

ali r.
{downtown broker}

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Response by 300_mercer
about 9 years ago
Posts: 10553
Member since: Feb 2007

Ali, Thanks a lot. I do have communication from the seller via managing agent that application has been filed but our level of trust in managing agent is a little low. The seller is equally frustrated. I will reach out to you to arrange time for us to meet for coffee.

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