Home Buying in Battery Park City : Advice

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Debra Peters, Real Estate Pro in 11901
Debra Peters answered:
Are condos in Battery Park City fee simple ownership?
Mitchell Hall has the best answer. If you have any other questions, I would contact him directly.
0 votes Share Flag Tue May 26, 2015 Home Buying in Battery Park City
Note4rick, Home Owner in New York, NY
Note4rick answered:
Why Battery Park City condos have lower prices?
Historically, the PILOT charges in Battery Park City have reduced the value of the Condos
However, this is starting to change
Remember, most of BPC s relatively new. When other new ... more
0 votes Share Flag Fri Aug 30, 2013 Home Buying in Battery Park City
Dom Pascual, Real Estate Pro in New York County, NY
Dom Pascual answered:
how often does the maint and by how much for condos goes up in BPC. thnx
I am an expert in the Battery Park City area.

That really depends on each condo and each management company. Please read the offering plan for each condo.

Like many other properti ... more
0 votes Share Flag Tue May 29, 2012 Home Buying in Battery Park City
Dom Pascual, Real Estate Pro in New York County, NY
Dom Pascual answered:
Why are cc & pilot costs or "monthlies" not shown in the listings? Wouldn't it be easier for a prospective buyer to compute affordability?
If I know the monthly cc I add it plain and simple. Yes it is always better to present as much information in the listing as possible.

Please work with an experienced and licensed re ... more
0 votes Share Flag Tue May 29, 2012 Home Buying in Battery Park City
Dom Pascual, Real Estate Pro in New York County, NY
Dom Pascual answered:
if I own a condo at 21 South End Avenue, can I rent it?
Look at the Condo Restrictions. Ask the management company and ask your broker. Usually condos can be rent. Look at the Bylaws. Also ask the seller.
--
Thank you!

DOM PASCUAL, ... more
1 vote Share Flag Tue May 29, 2012 Home Buying in Battery Park City
Angela Nelson, Real Estate Pro in New York
Angela Nelson answered:
In Battery Park City leashold condominium, are both Common Charges AND PILOT tax deductible?
Talk with your accountant, he would be best to advise on this question.
1 vote Share Flag Sun May 13, 2012 Home Buying in Battery Park City
Angela Nelson, Real Estate Pro in New York
Angela Nelson answered:
Am I ultimately setting myself up for RE disaster if the condo I want to buy is super cheap but CC/RET is over 3k/month?
It would depend on the sales price, also your monthly income. one could say that's high, but if its a 5 million dollar property, that may be reasonable.
1 vote Share Flag Sun May 13, 2012 Home Buying in Battery Park City
Angela Nelson, Real Estate Pro in New York
Angela Nelson answered:
Does anyone know if the Riverhouse condos in Battery Park have DirecTV service?
You would have to ask the management if they are willing to allow subscribers. the dishes may be on the rooftop.
1 vote Share Flag Sun May 13, 2012 Home Buying in Battery Park City
Derek Lee MBA, Real Estate Pro in New York, NY
Derek Lee MBA answered:
Riverhouse in Battery Park City
The Riverhouse is a very nice building. I live in Battery Park and depending on your financing situation, our preferred buildings in Battery Park are the Residences at the Ritz-Carlton ... more
0 votes Share Flag Wed Mar 23, 2011 Home Buying in Battery Park City
Glenn Minnick, Real Estate Pro in Upper West Side, New...
Glenn Minnick answered:
BPC CC and Tax
Generally, taxes everyplace in NYC go up every two years (PILOT in BPC) unless you are in one of the new buildings that offer 10 year tax abatements (the city is phasing this program ou ... more
1 vote Share Flag Sun Aug 17, 2008 Home Buying in Battery Park City
Glenn Minnick, Real Estate Pro in Upper West Side, New...
Glenn Minnick answered:
UWS charm or New construction Battery Park City?
Purchasing a pre-war condo is usually a better long term investment. Pre-war condos comprise less than 5% of the available condo stock in the city and are extremely sought-after...espe ... more
0 votes Share Flag Sun Aug 17, 2008 Home Buying in Battery Park City
Diary Of A R…, Real Estate Pro in New York, NY
Diary Of A Real Estate Rookie answered:
Pilot tax in Battery park city?
PILOT is indeed deductible the way regular property taxes would be.
0 votes Share Flag Fri Feb 22, 2008 Home Buying in Battery Park City
Mitchell Hall, Real Estate Pro in New York, NY
Mitchell Hall answered:
payment in lieu of taxes in nyc
Payment in lieu of taxes PILOT. The land in Battery Park City is owned by Battery Park City Authority. It is a NY state authority that leased land to developers of condominiums and offi ... more
4 votes Share Flag Fri Nov 23, 2007 Home Buying in Battery Park City
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