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Property Q&A in East Rockaway : Real Estate Advice

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  • Home Buying5
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Activity 16
Thu Sep 26, 2013
Michele Hemberger asked:
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This question was asked from this property: http://www.trulia.com/rental/3121930960--Columbia-Ave-ER-2ND-FL-East-Rockaway-NY-11518
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Wed Jul 24, 2013
Anna M Brocco answered:
You can try directly contacting customer service http://www.trulia.com/help/ask/ Be aware that the property may appear on other sites as well....
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Mon Feb 25, 2013
Anna M Brocco answered:
According to MLS no pets allowed; for other available area properties check www.mlsli.com
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Mon Apr 16, 2012
Anna M Brocco answered:
According to MLS, the referenced property in the link does not allow pets. For other rentals check with local realty offices, or work with an agent; check www.mlsli.com check local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc. ... more
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Mon Jul 11, 2011
Propga asked:
Mon Jul 11, 2011
Propga asked:
Sun Feb 20, 2011
Anna M Brocco answered:
The unit was listed at $129,000; however it is under contract as of 2/15/2011, and no longer available at this time. You can check www.mlsli.com for other available area units, or if you need additional assistance, feel free to contact me directly. ... more
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Thu Jan 27, 2011
Lori & Associates LI Realty Inc. answered:
The maintence is $437. I would be happy to show u this coop, plus we have others. I can be reached at 516-791-8300. Lori
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Fri Jan 21, 2011
John Juarez answered:
You are describing a gift with strings attached. If you are given a co-op which is burdened by a financial obligation that must be satisfied you will have to satisfy that obligation if you want to keep the co-op.

Another way to put it is to give you an example: if your dad gives you a car with a loan against it and tells you that all you have to do is make the payments and it is yours, you will need to make the payments or your dad (or the lender) will take the car away from you.
... more
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Thu Jan 20, 2011
Arlynn B. Palmer answered:
Hi Propga,

Yes - the maintenance fee of a co-op is in addition to whatever mortgage you may take out for the purchase of the co-op. There is no rent if you own the co-op. If you are renting the co-op from someone else, then you will most likely not be paying the maintenance fee - that will most likely be included in the monthly rent that you have agreed upon with the landlord (owner of the co-op)

Maintenance on a co-op is paid monthly and it usually includes the property taxes, water, landscaping, snow removal and MAY include heat, cooking gas and hot water. In general, you will have an additional bill for electricity.

If you have additional questions, please don't hesitate to contact me.

Regards,
Arlynn

Arlynn B. Palmer, ESQ, SRES, CBR, CMS, CNS
Coldwell Banker Claire Sobel
Associate Broker, REALTOR
Direct: (516)410-3594
Email: Arlynn@ArlynnPalmer.com
... more
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Fri Jan 7, 2011
Ian A. Wolf answered:
Assuming it is owned free and clear of a mortgage, I would consult with a real estate attorney and/or a tax advisor to determine the best way to perform the transform to minimize tax liability. The rest is really dependent on the co-op boards rules and procedures. If there is a mortgage you will need to find out how you can finance the co-op also. ... more
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Wed Dec 22, 2010
Robbie Vaughn answered:
Hello,

I totally agree with the first two responses. The following is a list of some of the things that our clients have been required to provide or do:

- Transfer or purchase application
- Letter transferring shares and lease
- Hearing before co-op board
- Lender approval letter
- Filing of transfer tax returns
- Surrender of old stock certificate and lease

Hope this helps. Good luck!

Law Firm of Vaughn & Weber, PLLC
217 Willis Avenue
Mineola, NY 11501
516-858-620

This is not legal advice.
... more
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Thu Dec 9, 2010
Arlynn B. Palmer answered:
Are you referring to a living arrangement while your brother still owns the co-op, a gift or a sale? The best course of action would be to check with either the co-op management company or the co-op board for their policies - or read the documention that your brother has regarding the policies - to determine whether or not you can live there under his lease, purchase the co-op with or without a full board hearing or receive it as a gift with or without a board hearing.
Once you have information regarding the co-op policies, your best course of action would be to confer with an attorney who specializes in co-op transfers or you might check with the attorney who represents the co-op.

Regards,
Arlynn

Arlynn B. Palmer
Associate Broker, REALTOR
Coldwell Banker Claire Sobel
Direct: (516)410-3594
Email: Arlynn@ArlynnPalmer.com
... more
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Mon Mar 15, 2010
Maria Lindh answered:
Hello Rownak, the average property tax in East Rockaway is about $10,000. If you are looking in the Bay Park section, which is not in the Village of East Rockaway taxes will be between $6000 and $9,000 (estimate) because there are no Village Taxes. In the Incorporated Village you are probably looking at a combined, Town (General and School) and Village Tax of approx. $6500 to about $13,000. Presently there is a house on the Market on FRANKLIN STREET (not Avenue) where the property tax--Village and Town--is $14,669.13 on a 65 X 115 lot and the interior square footage is 2751 square feet.
If you would like more information, feel free to contact me anytime...visit my website for my contact information...www.Maria4Home.com.
Good Luck,
Maria
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Tue Feb 17, 2009
Gail Gladstone answered:
Let me know where in Florida your home is and I will be happy to refer a really great Realtor. I have lived in several areas of Florida and have a lot of Realtor friends who have relocated there, so can give you terrific references.

Regarding South Shore Long Island, I would be happy to set you up a free account on Listing Book so you can control your search easily and precisely. Contact me at Gail@GailGladstone.com.
... more
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Property Q&A in East Rockaway Zip Codes

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