I'm assuming you mean co-op not condo--Sponsor units occur when an individual or corporation converts an apartment building into co-ops and at this time no board approval is needed, although a board package does need to be submitted. Do keep in mind that sponsor units can have additional costs, such as NY State and NY City transfer taxes and oftentimes the seller's attorney fees. Your agent and or attorney can best advise you.... more
I would suggest you try the regular rental sites:
http://www.trulia.com (Rentals Section)
http://www.zillow.com (Rentals Section)
http://www.realtor.com (Rentals Section)
Between all of those, you will get a very clear picture if you can find what you are looking for. Good luck!... more
I can find an apartment for you!
.We have thousands of listings in harlem in your price range.
If you have to move by may 6th now is a good time to start looking as the season for rentals is starting and units get rented very fast.
when are you available to meet me so we can start talking about what you need and i can show around.?
You can email me at : dmoyal @aclawrence.com or call me at 917-770-0244
Looking forward to meeting you
Best regards.... more
Good question and the answer is that Heat, Gas and Hot Water are included. Please let us know if we can be of further assistance we rent apartments there all the time and are one of the top rental agents in that building. Please email us at email@example.com... more
Like in any other building you think of making a purchase, you have to look at the buildings financials. In general, when you see it is a cash purchase only, it is an indication the buildings financials aren't in the best of shapes. However, there are buildings with decent financials, with money in reserve funds, etc. There are some 550 HDFC buildings in Manhattan with many different programs
These are great if you are looking for a place to live for quite some time as the majority will have a flip tax.... more
When you ask "are there any deals for city workers," I assume you mean any special kind of mortgages. No, the city does not offer any special mortgage programs for their workers.
The first step in your search for a co-op or condo would be to get pre-qualified by a lender. Then you will know how much a bank will lend you and what your true price range is. Then you should begin working with an experienced, knowledgeable agent who can take you through the steps of purchasing. It will save you time and money.
Halstead Property, LLC
Not sure if you are still looking for an answer but since this may help someone in the future I will answer it anyway. I recently purchased a new develpment coop in east harlem (different building) and this is what I can tell you.
1. YES. Move-ins for these new developments are routinely delayed. My original move in date given to me when I accepted the unit was October. I did not move in until the following April so thats about 6 months off on the timing. It could be shorter but it could also be longer. Just keep in mind that you will have to remain flexible about your living arrangements for as long as you can.
2. YES. When my unit finally closed I did have to pay the NYS transfer tax (the building pays this up front but you pay them back at closing) and NO as far as I know it cannot be negotiated.
3. YES, you can sell the unit for as much as you want but the income restrictions of your buyers will remain. So in theory you can try to sell the unit for 500,000 but it's probably unlikely that two people making 102k can get a mortgage for that amount of money. You can though hold out and try to get as much money as possible if you take your time and do some number crunching to see how high someone in that bracket can realistically go.
Hope that helps... more
I think it is very dependent upon your goals and objectives. Both do have very very reasonable costs. The questions that I would pose are:
1) Does one have better future saleability based on development in the neighboring areas?
2) Are there other locations that might me similar in expense and have better resale potential (Kew Gardens Hills for example) that you may want to consider as public transportation is better. You may not need it, but your future buyer may.
3) How well managed are the co-ops that you are looking at?
4) In looking at your future, which area will be better as your life/life style changes/needs change?
I am certain that there are more questions to ask to you, but it would be much better in a conversation!
Licensed Associate Broker - Charles Rutenberg - Manhattan and Brooklyn
Licensed Real Estate Broker - Kelly NYC - Queens
Cell: 954-675-9915... more
The price of $535,000 is the price for the condo. Underneath the price there is an estimated price per month of $2397. This is what you can expect to pay monthly. Your monthly payment will depend on how much down payment you will put down and also what your percentage will be on your loan
If you any other queations please feel free to contact me at firstname.lastname@example.org.... more
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.