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Home Buying in Bushwick : Real Estate Advice

  • All131
  • Local Info15
  • Home Buying39
  • Home Selling3
  • Market Conditions6

Activity 31
Sat Feb 11, 2017
Bonita Coney answered:
No it is not legal.
http://streeteasy.com/guides/renters-guide/what-is-a-legal-bedroom-in-nyc/
0 votes 22 answers Share Flag
Thu Aug 6, 2015
Debra (Debbie) Rose answered:
what property?

You forgot to include the address
0 votes 1 answer Share Flag
Sun Aug 2, 2015
G_dimitrov_ asked:
Hi, I am planning to make an offer for one bedroom (675 SQF) new condo. How much will be the rent? Are there projects nearby? How safe is it? What is the potential growth of the area? Many…
0 votes 0 Answers Share Flag
Thu Mar 19, 2015
Ebony McKewn answered:
Yes these places are hot now, but in t n5 years your best ROI will come from places like Eastern Crown Heights, Ocean-Hill, East New York, Cypress Hills, East Flatbush, Ditmas Park, Gowanus, and Kensington . ... more
0 votes 11 answers Share Flag
Tue Mar 10, 2015
Sam Gold answered:
If you are still looking to rent a house in Brooklyn or Queens, please, don`t hesitate to contact me.
0 votes 3 answers Share Flag
Tue Mar 10, 2015
Sam Gold answered:
There are always some people who try to trick you. So be aware of scams.
0 votes 6 answers Share Flag
Tue Mar 10, 2015
Sam Gold answered:
Try to repair your credit score. There is a great website www.creditkarma.com where you can check you credit score and see what is going on with your credit.
0 votes 6 answers Share Flag
Tue Mar 10, 2015
Sam Gold answered:
It all depends on the property type, location, renovation and much more. Contact me if you are looking to buy a property.
0 votes 5 answers Share Flag
Tue Mar 10, 2015
Sam Gold answered:
Right now Bushwick is very hot location! It is mostly good renovated, and much safer than 20 years ago. So visit this area, check the subway lines, parks around and try to fill if you like to live in this neighborhood. I think you will pretty much love it. Good luck! ... more
0 votes 7 answers Share Flag
Tue Mar 10, 2015
Sam Gold answered:
Please, take to your consideration such websites like Trulia and Zillow to find apartment for rent.
0 votes 3 answers Share Flag
Tue Mar 10, 2015
Sam Gold answered:
If you are still interesting in purchasing a new property, give me a call. Good luck!
0 votes 3 answers Share Flag
Fri Nov 8, 2013
Marcus Gomes Goncalves answered:
Call me at 917-586-6795 check my bio at www.brooklynrealproperty.com and watch me in action at http://www.youtube.com/watch?v=ZaZywVn-HYk&feature=em-share_video_in_list_user&list=UULetIz1qPu6wImtzOTVwdMg ... more
0 votes 4 answers Share Flag
Mon Nov 4, 2013
Michael Denniston answered:
HI Siskinator, as my colleagues have stated buildings constructed prior to 1938 do not require a Certificate of Occupancy. The current use of the building ( in title report) how it's taxed, appraised and presented in the sales contract are all important facts that we would need to know before further comment. The mere fact that it doesn't have a C of O is not sufficient information to determine how this impacts you as a current or prospective owner.

For more information, I can be contacted directly at 917.699.0183 or mdenniston247@gmail.com.

Please hit best answer or thumbs up if my reply was helpful. All the best.

Michael Denniston
Senior Mortgage Banker
NMLS# 24076
917.699.0183
The Federal Savings Bank
Direct Lender. All 50 States
... more
0 votes 4 answers Share Flag
Sat Oct 19, 2013
Dana Lindberg answered:
203k is a very good program however, getting it is not the easiest process. You have to team up with a great lender who is knowledgeable about it. A good team on your side shortens the closing time by weeks.




-----
Dana Lindberg
CFS Mortgage - http://www.cfs203k.com
... more
0 votes 7 answers Share Flag
Sat Oct 19, 2013
Mitchell Feldman answered:
Forget about if it is legal, it is more question or would you want to? What if there is a fire or something? It is rare that you have any rooms in a house that do not have windows anyway, unless it is some kind of make shift room in a basement or somewhere, is it a dungeon or something? Maybe you can have the kid sleep in another room that does have a window.

Aside from that, if you really need to know, speak to a lawyer. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales/ e-Pro Realtor
Fillmore Real Estate
Office: (718) 252-2000/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 4 answers Share Flag
Mon Sep 30, 2013
Kathryn Lilly answered:
Hello;
If the building comes with tenants:
Make sure that the tenants are occupying the building as per the certificate of occupancy.
One to five family buildings are not typically rent stabilized, unless there is a tax abatement, in which case they may be.
Six and more families, typically are rent stabilized, depending on the rent range and history of the building.
Rent controlled tenants can exist in any older building and beware they are not all old people, rent control status can be inherited. So always ask how long the tenant has lived in the apartment and how did they come to be tenants.
The above are the basics, but make sure that you use a Real Estate lawyer that does regularly practice townhouse sales, rather than a co-op/condo Real Estate lawyer.
Going forward as to who and how you rent any vacancies; again make sure the certificate of occupancy is for the way the building is actually used; it is OK to rent out a combined unit ie: the lower two floors on the C of O reads as two floor throughs, but it is now used as a duplex is OK, but the reverse is absolutely a NO,NO!
A rent stabilized apartment needs to be rented or de-stabilized as per the rules governing such. (DHCR)
Please feel free to call if you need more help. I have over 30 years experience of managing and owning such buildings.
Yours,
Kathryn Lilly, Broker
Realty on the Greene, LLC
718-858-7600
KLilly@RealtyontheGreene.com
... more
0 votes 1 answer Share Flag
Wed Jul 10, 2013
Wilfred Matias answered:
You definitely have a problem here.

Your situation is quite common and one that I have faced many times in the past as a former Real Estate Appraiser. If your area is not zoned for a basement apt and I believe it may not be. you will definitely run into major woes such as;
a. IRS - Failure to report rental income from this (illegal?)unit. Tax Evasion
b. You may also be ordered to reimburse the renter for all the rent money you have collected if this unit is deemed to be an illegal one.

I suggest you retain the services of an experienced Real Estate attorney that has handled this in the past. In either case, this is going to be a protracted process.

Good Luck to you.

Sincerely,

Wilfred Matias
Licensed Commercial & Residential Sales Agent
Metropolitan Residential Partners, LLC
139 E 61st, Suite 2W
New York, NY 10065
Proud Members of REBNY
212-255-5200-office
646-871-0597-Fax
347-703-5644-mobile
wilfred@tmrp.com
... more
0 votes 6 answers Share Flag
Sat Mar 23, 2013
Alison Hillman answered:
Hi there-

I'd recommend that you work with an agent who can help you with your search! Take a look: http://www.trulia.com/voices/directory/Bushwick-agent--85174

Hope this helps,
Ali, Community Manager ... more
0 votes 2 answers Share Flag
Wed Feb 20, 2013
Ryan Moghadasian answered:
Bushwick has changed dramatically in my opinion there are pockets in this area that are becoming safer and more and more people are moving here because of gentrification and being so close to the city Its like a mini SOHO you will see more positive changes to come

--------------------------------------------------------------------------------

Kayvan Talasazan
Senior Loan Officer
Company NMLS ID #8115
Branch NMLS ID #955310
Individual NMLS ID #162920
NMLS CONSUMER ACCESS

Direct Phone and Fax: 516-858-4987
Cell Phone: 917-306-0163
Main Phone: 516-858-2225
kt@mcsmortgage.com
... more
0 votes 6 answers Share Flag
Fri Dec 28, 2012
Karen Woelki answered:
my name is Karen Woelki and if you need a broker I am with the Corcoran Group, A REBNY member ( the real estate board of NY) and I live in Bushwick on Hart and Wyckoff at the L train Dekalb stop.
Its a great area and I think we could find you something lovely.
Our team by being your agent will have all the people you might need mortgage brokers lawyers inspectors will help you rent your apt if you have one in the house you are buying to be occupied the day after closing and we also have a team of reliable well priced plumbers floor guys electricans and roofers

Karen Woelki
212.941.2546 or cell 646.831.6575 kwoelki@corcoran.com

we will also help you not waste time looking at houses advertised that dont really exsist as you can see the posts of people it happens to with non REBNY agents
... more
0 votes 5 answers Share Flag
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