10038 : Questions & Answers

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Dan Janow, Real Estate Pro in 10005
Dan Janow answered:
We own a studio condo-John St 650sf, and we might renew the lease soon. What would be a reasonable increase in rent? Building had no impact by Sandy.
3 to 6% generally considered the standard. As the Financial District has had a fairly large increase in the last year you may be more likely to get away with the upper end. It also de ... more
0 votes Share Flag Fri Jun 6, 2014 General Area in 10038
Roberts, Real Estate Pro in New York, NY
Roberts answered:
IS THERE ANYONE THAT CAN HELP ME FIND AN AFFORDABLE 2 (3) BDR APT IN BX/HARLEM/BK -SERIOUS INQUIRY?
Please contact me for assistance. My name is Joseph and I can be reached at 347-545-2089, Thank you and good luck.
0 votes Share Flag Wed Mar 5, 2014 Rentals in 10038
Hector De La…, Real Estate Pro in New York, NY
Hector De La Cruz answered:
I am looking to purchase a condo in Manhatten, near civic centre on Broadway. Is this a good area to rent it out before moving from Australia. Help!
Hi,
If you're still on the hunt give me a call and I would prefer to show you what your money would get you.
Thanks,
Hector De La Cruz
Realtor Associate NY and NJ
Nest Seekers IN ... more
0 votes Share Flag Mon Oct 21, 2013 Home Selling in 10038
Joseph C. Ha…, Real Estate Pro in New York, NY
Joseph C. Hastings answered:
The current rent for our condo is ~2,500 in the financial district.
You're obviously promoting your rental here. Something we, as brokers are not allowed to do in this forum. So, you have something to rent and it's going for $2500. Studio, most likely a ... more
0 votes Share Flag Tue Apr 30, 2013 Investment Properties in 10038
Michael Char…, Real Estate Pro in New York, NY
Michael Charles answered:
I own and am currently living in a studio apartment condo, in Lower Manhattan and am looking to sell. The
because you don't want to be caught in a situation where the buyers is offering a lower price which he/she will always do when they speak directly with the home owner because they ... more
0 votes Share Flag Wed May 4, 2011 Home Selling in 10038
Jeff Brenner,…, Real Estate Pro in New York, NY
Jeff Brenner, MBA answered:
Thanks everyone for replying. I will list out some initial requirements for the potential investment in the area; Price: USD$525,000 -
Hi Notsosure,

I remember you were interested in buying a condo in the civic center area on Manhattan. I hate to be the one to make you painfully aware of just how expensive Manhatta ... more
0 votes Share Flag Wed Feb 9, 2011 Home Selling in 10038
Robert Kaplan, Real Estate Pro in 11375
Robert Kaplan answered:
Is the NY State Transfer Tax refundable? Live in NYC and purchased 'new' condo last year and heard this was the case ...
The NYS Transfer tax is not refundable
0 votes Share Flag Tue Feb 2, 2010 Home Buying in 10038
Jake Johnson, Real Estate Pro in New York, NY
Jake Johnson answered:
I was all ready to purhase a house a few months ago. I didn't have the best credit and worked really hard to
Hello Kenya,

With low credit score loans, you usualy end up working with banks that do FHA insured financing. In the past 5 years, many of these banks have run into trouble with the ... more
0 votes Share Flag Mon Jan 11, 2010 Home Buying in 10038
Cynthia McKe…, Real Estate Pro in Hauppauge, NY
Cynthia McKenna answered:
Does a first time home buyer also get to put 3.5% down or is that just with this $8000 incentive?
A first time home buyer can put down 3.5% if they are using an FHA mortgage. The tax credit has nothing to do with the down payment. At this time, the purchaser needs to close by Nove ... more
0 votes Share Flag Thu Jul 30, 2009 Home Buying in 10038
Theresa L. W…, Real Estate Pro in 23185
Theresa L. Wackowski answered:
How does one determine “fair market value” on a home?
Fair Market Value is derived by what price similar homes are selling for within the same area and with the same perimeters. Appraisers are having a difficult time with home appraisals b ... more
0 votes Share Flag Wed Jul 29, 2009 Home Buying in 10038
Chris L. Chr…, Real Estate Pro in New York
Chris L. Christie answered:
Realistic mortgage rates?
I assume that this is a 30 yr loan. You also must tell us the purchase price, loan amount and closing date before we can fairly answer. Will you be locking at application?
0 votes Share Flag Sat Aug 9, 2008 Financing in 10038
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