if you are looking to buy a home, the best place to start is be meeting with a local and trusted loan officer who can prequailify you at no cost. Fixed income is fine, it will depend on your expenses and credit. good luck... more
Hi Kirsten: Yes there are other units available in this building, but most are larger and more expensive.
I am a NYC buyer's agent and I found this through my database that many New York agents have, On Line
Residential. I am happy to give you more specific information if you are interested. Good Luck!
Charles Rutenberg Realty NYC... more
There are plenty of co-ops in Manhattan that allow guarantors. I have some listings like that right now. Parents buying for children, or children buying for senior parents, or pied-a-terres, are all very common and can be found at very nice buildings with great apartments.
However, if you have your eye on an apartment in a co-op that specifically does not allow this kind of arrangement, you will not be able to buy the unit. Co-op boards cannot make exceptions or they could be subject to lawsuits, so they don't do it. I would advise you not to waste time and money trying to get into a co-op with that policy.
Condominiums are another story. There is an application process at condos, but the managers do not have the power that co-op boards have. Rarely they try to assert such power, but whether they can legally get away with it is unclear. In general you should have no resistance to this with condos.
Co-ops tend to be less expensive than condos, in part because they are more restrictive and to many (not all) that makes them less desirable.
If you contact me, I can help you find apartments that accept this kind of arrangement. Since you live in Sutton Place you already know that most co-ops require at least 20% down payment (some require much more) and a solid financial base. With condos, usually you can purchase so long as you have the financing from any source.... more
There is no such thing as an appropriate % that you can subtract from the asking price. Several factors come into play in determining the price of an apartment. Some owners may set the price too high and not be willing to negotiate down, others may set the price high and be willing to negotiate. Then there are those that have already priced their property based on the current market conditions, thereby leaving little or no room to negotiate.
At the end of the day, you need to ask yourself this question - is this a place you wish to come home to every day? Would you be upset if your offered too low a price and lost the apartment to another home buyer?
If you are working with a good broker, they should be in a position to guide you about current conditions and prevaling prices for comparable apartments.
If you are not working with a broker, you need to find one that works with a reputable firm and who will have your best intrerestas their top priority. Give me a call if you wish proper representation.
Halsetad Property LLC
Tel: (212) 317-7844... more