Upper East Side : Questions & Answers

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Eileen Kim, Real Estate Pro in New York, NY
Eileen Kim answered:
What is the current NYC trend re: listing vs. selling prices? Reports on nytimes show low selling prices for co-ops but few listings in the same range
Hello Lex021,

In general, apartments are now selling at 3% below the listing price if it is priced correctly. That said, many apartments on the market are overpriced. A seller can li ... more
0 votes Share Flag Wed Jan 11, 2012 Home Selling in Upper East Side
Brooke Davida…,  in New York, NY
Brooke Davida, SVP answered:
What does it mean when rental adverstisements state that you get one month free with a year's lease. Is there a hidden catch?
No, there is no hidden catch. It means that after your 12th month of payment you will receive an additional month free. If you have other questions, I am happy to help you.
Brooke Davi ... more
0 votes Share Flag Wed Jun 5, 2013 Rental Basics in Upper East Side
Jolie Muss,  in Upper West Side, New...
Jolie Muss answered:
Has any one ever dealt with Maw Realty.Inc on the Upper East Side and know how they are as professionals
Hamna, Neve heard of them but you can check if they are licensed on the NY DOS website here: https://appsext7.dos.state.ny.us/nydos/selSearchType.do
The DOS also has a great page on a ... more
0 votes Share Flag Sat Oct 22, 2011 Rentals in Upper East Side
First Last, Other/Just Looking in 90002
First Last answered:
I have a UES studio rental up for renewal. What is market trend over past month, past year? Don't know fair % change rent to avoid getting
My firm has deep expertise the rental market, and I can tell you in our office what we're seeing is that the rental market is getting tighter compared to what it was during the wo ... more
0 votes Share Flag Thu Jul 26, 2012 In My Neighborhood in Upper East Side
Jennifer Chi…, Real Estate Pro in New York, NY
Jennifer Chiongbian- 917-250-2284 answered:
I am about to renew my 12 month lease but I may have to end it early. what is a fair provision to include in the lease agreement to address such case?
You will need to speak to the management directly to see what their policy is on cancelling your lease early. This is all on a case to case basis.
0 votes Share Flag Sun May 13, 2012 Rentals in Upper East Side
Dp2, Other/Just Looking in Virginia
Dp2 answered:
how can i find out if my deceased uncle's wife is having an estate sale?
Why not just call her and ask?

Other ways exist to find that information without asking her, and you'll most likely have to spend some money or some time to track down the right ... more
0 votes Share Flag Mon Sep 12, 2011 Home Buying in Upper East Side
Joyce Minche…,  in New York, NY
Joyce Mincheff answered:
What is a coop? How does it work? Tqvm.
A coop is a multiple dwelling that is incorporated. The shares of the corporation are owned by the various residents of the builidng and/or sponsor(s). Each owner is allocated a number ... more
0 votes Share Flag Wed Jan 11, 2012 Home Buying in Upper East Side
Alen Moshkov…, Real Estate Pro in 10022
Alen Moshkovich answered:
Looking to move to the upper east side with a car- how is the street parking?
Difficult!!!

Depending where on the UES. Majority of parking rules in New York are "No Parking" before 6 or 7pm. Some blocks offer street parking, you just have to be pre ... more
0 votes Share Flag Fri Jan 13, 2012 In My Neighborhood in Upper East Side
Gail Gladsto…, Real Estate Pro in 11743
Gail Gladstone answered:
My landlord provided me one set of keys; I paid $20 each for 2 additional sets. He wants all 3 sets back. Do I charge him for the 2 other sets?
I don't know what kind of relationship you have with your landlord but putting myself in your shoes, you paid for the keys; he should reimburse you for them. Just my opinion (as a ... more
0 votes Share Flag Mon Jun 17, 2013 Rental Basics in Upper East Side
Brittany Goo…, Real Estate Pro in New York, NY
Brittany Gooden answered:
what are the current maintenance trends in coops?
It really varies. Many buyers are under the impression that co-op maintenance fees are exorbitant, but here are just some of the expenses and services co-op maintenance payments cover t ... more
0 votes Share Flag Fri Jan 13, 2012 Market Conditions in Upper East Side
BG, Home Buyer in Phoenix, AZ
BG answered:
If I buy a home and rent it out but have a mortgage. Do I still pay tax on that money if I don't make a profit after paying mortgage, prop tax,?
rental income - expenses = taxable income and if taxable income is less than zero then no taxes. And people are VERY create when it comes to the type of expenses.
0 votes Share Flag Tue Feb 22, 2011 Home Buying in Upper East Side
Laura Feghali, Real Estate Pro in Stamford, CT
Laura Feghali answered:
I plan to buy a condo (1bd 1ba)/co-op in upper east side, but someone said renting is better than buying. Is that true? How much of bank saving?
Hello Icer,
Many renters are hoping to purchase a home as mortgage interest rates are ultra low, prices are much lower, and there is usually a good amount of inventory to choose fro ... more
0 votes Share Flag Wed Jan 11, 2012 Home Buying in Upper East Side
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
Should I get my own broker to represent me for a co-op purchase. The seller's brokers has assured me he can represent me as well.
Just go with the seller's broker. This isn't like other states where the brokers negotiate the contract for you. There is enough that goes on with a co-op besides just the mor ... more
0 votes Share Flag Fri Jan 13, 2012 Home Buying in Upper East Side
Eugene Kopman,  in New York, NY
Eugene Kopman answered:
Is $1,400 a month rent reasonable for a studio in the upper east side?
Jim,

That's the low end of the market and if there is something, there will not be many options. Also it depends on where you draw the lines of the Upper East Side.

Hope thi ... more
0 votes Share Flag Thu Aug 22, 2013 Rentals in Upper East Side
Nicole Beauc…, Real Estate Pro in New York, NY
Nicole Beauchamp answered:
How would I go about purchasing 3 East 95th Street, New York NY 10128 as it appears to be off the market even though it isn't sold?
Hi Bethany-

That property was pulled off the market several months ago-hopefully if you are seeking to purchase a property of especially of this caliber,you are also working with an ... more
0 votes Share Flag Fri Jan 13, 2012 Home Buying in Upper East Side
Jenet Levy, Real Estate Pro in 10012
Jenet Levy answered:
Why is 3 East 95th Street, New York NY 10128 off the market?
Bethany,

It was on for 61 weeks without a sale. If you are looking for something of that caliber, I hope you are not relying on consumer websites, but rather have a very good agent w ... more
0 votes Share Flag Sat Jul 31, 2010 Home Buying in Upper East Side
Klara Madlin, Real Estate Pro in New York, NY
Klara Madlin answered:
Property for investment
Are you planning on renting the property out? If so try to get a 2 bedroom verses a 1 bedroom if you can afford it. You will want torestrict your purchase to condominiums as coops are n ... more
0 votes Share Flag Sat Aug 7, 2010 Home Buying in Upper East Side
Sean Dawes, Other/Just Looking in Philadelphia, PA
Sean Dawes answered:
why are you hsere?
to do some caring.....

Love helping people all over the US with their real estate questions
0 votes Share Flag Sun Jun 6, 2010 Home Buying in Upper East Side
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
What is the difference between a typical sale and a short sale of an apartment building? Why do short sales tend to be so much less expensive?
A short sale occurs when there is financial hardship--the mortgage against the property is more than what the property can be sold for--the lender agrees to accept less than the amount ... more
0 votes Share Flag Fri Jan 13, 2012 Home Buying in Upper East Side
Jenet Levy, Real Estate Pro in 10012
Jenet Levy answered:
Thanks for the two answers provided for my question. Both were really helpful and I appreciate it. However, if I was to visit her, how would I know
If she is your penpal, ask her for her full address and plan your visit.
0 votes Share Flag Mon Feb 22, 2010 In My Neighborhood in Upper East Side
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