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Property Q&A in 11215 : Real Estate Advice

  • All64
  • Local Info3
  • Home Buying33
  • Home Selling7
  • Market Conditions0

Activity 6
Caroltraveli…, Home Buyer in Brooklyn, NY
Thu Aug 11, 2016
Caroltraveling asked:
brownstone-type building - brick with brownstone detailing.
0 votes 0 Answers Share Flag
finalguess1@…, Home Owner in Brooklyn, NY
Mon Dec 22, 2014
finalguess1@aol.com asked:
Please correct. Your misinformation is spreading.

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This question was asked from this property: http://www.trulia.com/homes/New_York/Brooklyn/sold/240727-460-17th-St-Brooklyn-NY-11215
0 votes 0 Answers Share Flag
Mitchell Fel…, Real Estate Pro in Brooklyn, NY
Wed Mar 28, 2012
Mitchell Feldman answered:
Dear Joan:

You can go to the www.NYC.gov and then do a search under "ACRIS" which is the Automated City Register Information System. If it makes it easier for you, just click here:

http://a836-acris.nyc.gov/Scripts/Coverpage.dll/index

If I can be of further assistance, please let me know. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 6 answers Share Flag
Mitchell Fel…, Real Estate Pro in Brooklyn, NY
Fri Apr 29, 2011
Mitchell Feldman answered:
Dear Ella_ny101:

When selling a condo the common charges are usually stated in the contract and are only guaranteed until the closing. If the maintenance is raised after the closing there is nothing that you can do, the seller you bought from has no further obligation to you. With respect to the notice, usually you would get an advance notice. Have you spoken to the president of your condo association? They may have tried to notify you (sometimes things get lost in the mail).

If you want to push the issue, discuss it with your attorney and ask if there is any legal action you can take. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 3 answers Share Flag
Mitchell Fel…, Real Estate Pro in Brooklyn, NY
Sun Mar 15, 2009
Mitchell Feldman answered:
Bruce:

When you own a co-op you own shares of stock in a corporation but it is treated for tax purpuses just as owning real property. Hence the answer is that you own, not rent.

If you are using the co-op as an investemnt and renting it out to a tenant, you have to report that income to the IRS.

When you own a co-op and are using it as your primary residence, a portion of the maintenance is usually tax deductable on your income taxes. This would be the portion of the maintenance that covers the co-ops underlining mortgage and real estate tax. This amount varies from co-op to co-op, speak to your accountant. Also, if you have a mortgage on the co-op, the interest you pay on that mortgagae is tax deductable.

If I can be of further assistance, please contact me.

Mitchell Feldman
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Email: MFeldman@MadisonEstates.com
... more
0 votes 2 answers Share Flag
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