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10030 : Real Estate Advice

  • All14
  • Local Info0
  • Home Buying7
  • Home Selling0
  • Market Conditions1

Activity 12
Wed Aug 2, 2017
Mary answered:

Please follow the instructions below on how to find a Section 8 rental listings.

1. Click the Rent tab on our homepage
2. Enter your desired area in the search bar and hit Enter
3. Click More, enter the keyword 'Section 8', and click Search.

Thank you for using Trulia!

Consumer Care Advocate
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0 votes 1 answer Share Flag
Fri Mar 31, 2017
Alan May answered:
The property taxes are not based on how you pay for the property. You could pay with cash, or a mortgage and the taxes on that property would be exactly the same.

I'm not sure why you think that the taxes would go down since you're paying in cash. ... more
0 votes 2 answers Share Flag
Mon Feb 8, 2016
Jonathan Lahey answered:
Sharing this link , a list of apartments in New York hopes it can help you -
0 votes 1 answer Share Flag
Tue Dec 29, 2015
Swatsonshirley asked:
In 2014, found out my residential building is HDFC, management only told me that the coops are for the Corporation and not for the tenants. In my research the property is a Corporation and…
0 votes 0 Answers Share Flag
Sun Jul 21, 2013
Doug LaBrecque answered:
The 5 BR for $1,279,999? I have all of the particulars for that expired listing.
0 votes 2 answers Share Flag
Thu Dec 13, 2012
John Peitler answered:
Please contact me. I have some nice rentals in that area. My name is Erika and I can be reached at 917-335-8569. Thank you and good luck.
0 votes 4 answers Share Flag
Fri Sep 30, 2011
Joseph Hastings answered:
Hi Sdtrendy. Sounds like you've decided to go it alone. No broker for you, yes? I've not read the other responses, so I'm coming at this straight forward. You say you9;re accepting an offer then you say you're (esentially) making an offer. Yes, the purchase is contingent on you sucessfully obtaining a mortgage.

My best suggestion to you is this: In New York State, real property and coop purchases require an Attorney. Since you'll obviously be using one, ask them what to include in your offer. After all you're their client and as members of the New York State Bar Association, they are also Brokers.
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0 votes 13 answers Share Flag
Sun Sep 18, 2011
Mitchell Hall answered:
Hi Sdtrendy,

Prices increase in high-rises on higher floors of the same line but not all apartments on higher floors are worth more than apartments on lower floors. The "$10,000 rule of thumb" is primarily in new construction where everything is in the same condition. Again it's same line per floor.

A 7th floor apartment with direct park or river views can be worth 50% more than an apartment on the 15th floor of the same building facing a back alley or courtyard.

A lower floor with terrace may be more, or lower floor with higher ceilings. There are many variables to consider including the condition.


Mitchell Hall, Associate Broker
The Corcoran Group
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1 vote 6 answers Share Flag
Wed Aug 31, 2011
David Benjamin Moye answered:
I am pretty shocked at how drastically prices have increased since just a few months ago in the rental market.

Building owners have all but taken away concessions to pay broker fees for tenants. This demonstrates very high demand for rentals.

Sales on the other hand... Most sales clients of mine have a few hundred thousand dollars to put down and have very little trouble financing. There are some high rise condominiums that seem to have chronic vacancy problems/cannot sell all the units in the building at all. I think things are getting steadily stronger, and the only thing that would affect things extremely negatively would be some sort of major economic crisis
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Wed Aug 17, 2011
Mitchell Hall answered:
A condop is a condominium that has a residential coop unit separate from the commercial unit and or garage unit. During the late 1980's several new developments were built as ";condops" they were "hybrids" because the developer had an underlying mortgage on the residential portion of the project. The residential unit is a cooperative. Owners are shareholders in a corporation.

The 80/20 IRS rule that restricted passive income over 20% of a coop's operating budget in any given year may be why some rental buildings with commercial/retail space converted to condops rather than coops. Many of those condops are run more like coops.

While the 80/20 tax law that affected coops was abolished by President Bush, today there are still new construction projects being built and recently constructed that are currently for sale as condops because there is an underlying mortgage.

A condo can not have an underlying mortgage so several new buildings are "condops" because in the offering plan the developer/sponsor leaves the shareholders/owners with the underlying mortgage. The underlying mortgage is included in the maintenance allocated proportionally to each apartment. The Azure and 1 Carnegie Hill on the Upper East Side are new condops and 305 West 16th street is a brand new luxury designer condop building in Chelsea and there is a new condop in Harlem.

Many condops have right of 1st refusal, they are investor friendly and have the same unlimited sublet policy and amenities usually found in condos. I live in a condop, I sell in the building and have sold in many condops.

A condop can offer the best of both worlds. It can offer rules and amenities of a condo, tax deduction, lower closing costs ( no NY state mortgage recording tax) like a coop because a coop is not considered "real property" it is considered "personal property."

Mitchell Hall, Associate Broker
The Corcoran Group
... more
1 vote 4 answers Share Flag
Wed Jun 1, 2011
Lovell Braud answered:
in my company you can still buy a home if interested please contact me at 9173704312
0 votes 6 answers Share Flag
Wed May 13, 2009
Barbara Klepper answered:
As of May 13, 2009 there are 18 homes that closed Jan to present and 15 additional homes under contract. There may be many more that have accepted offers and have not posted as under contract yet. Considering there are only 149 homes on the market in Manhasset( not including Manhasset Hills), this is a much higher percentage of closings vs available inventory that many other areas across Long Island. I received my info from the market share report section of MLS available to realtors. If you would like more specific information and are looking for Buyer Broker representation ( in many cases, at no cost to you) please email me. ... more
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