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Home Buying in Upper West Side : Real Estate Advice

  • All190
  • Local Info24
  • Home Buying56
  • Home Selling3
  • Market Conditions25

Activity 52
Wed Aug 2, 2017
Jack Ramone answered:
Hi Glenn, sponsor units are apartments that are still owned by the original developer (i.e. sponsor). They've typically been rented out over the years.

Since it's a sponsor unit, you won't have to go through board approval or need an interview. You just need to be financial qualified, and the qualifications can be less stringent vs a normal apartment in the co-op.

Another interesting note, I've heard that you may be able to keep it as a sponsor unit when you buy, in order to continue subletting indefinitely. Has anyone else heard of this?

Lastly, definitely learn what closing costs are before you proceed (https://www.hauseit.com/closing-costs-nyc/) as they can be quite significant in NYC.

You should also look into getting a broker commission rebate from a reputable local company like Hauseit. It's an easy way to cover the cost of the Mansion Tax (1% of sale price for purchases over $1 million)!
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0 votes 25 answers Share Flag
Tue Feb 28, 2017
Edskrewina15 asked:
Wed Sep 28, 2016
Andrew Simmons answered:
First of fall agent will not tell the problem of outside if it tells than the buyer would automatically rejects the area, He will also think about his income not thinking about the people. I think you should take help from here >>> http://www.asanduff.com/royal-depot/ ... more
0 votes 22 answers Share Flag
Sun May 24, 2015
Kathy Burgreen answered:
I don't know of any nice luxury hotels in that area either. The issue is most luxury hotels are located in midtown or downtown to cater to tourists or business associates and if you think about it, most tourist sites are located within walking distance of these hotels as well as companies. Hotels are in business to make a profit and if they are located away from where their guests need to be, the hotel won't be getting many reservations.

You're located near a subway stop and it's just a few minutes from midtown hotels.
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0 votes 2 answers Share Flag
Sun May 17, 2015
Elena Ravich, Esq. answered:
732 West End Ave
14 units;16 stories; Built in 2014

BUILDING AMENITIES
Doorman
Elevator
Gym
Live-in Super
BUILDING FACTS

As of May 17, 2015 there are 4 active sales ($1,886 per ft² avg, $4,522,750 avg price) ... more
0 votes 8 answers Share Flag
Sun Apr 27, 2014
Dan Tabit answered:
Maureen,
I wish they wouldn't. Trulia would have to have someone verify every single listing that was posted to be certain. The cost of that would either eliminate the free service they provide to landlords now or cause it to be fee service.
They do post warnings and the scams are well known in the industry. Never send money in exchange for keys, it just doesn't happen.
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0 votes 1 answer Share Flag
Tue Feb 18, 2014
Lynette Browne answered:
Hi Michael,
You can always go online to Rent.com and list your property for rent but what about 1) Credit check 2) Screening 3) Application 4) Letting a stranger into your home? Agents take a lot of flack for pursuing that commission, but agents really do have the hook up (meaning they are well connected)! ... more
0 votes 13 answers Share Flag
Wed Oct 9, 2013
Kristin Armenia answered:
I didn't enclose the actual listing. I suppose I am asking in general how it usually works with recommending a price if there are two identical units side by side and owners have agreed to sell as a combined joint listing. Same maintenance and number of shares. They've agreed to split everything 50/50. ... more
0 votes 4 answers Share Flag
Sun Sep 15, 2013
Alajuwon Aleem answered:
You should price your apartment based on a few factors including, its condition, size, and desirability. Obviously you can look at what other apartments in the area are going for, it is also smart to look at what other units in the area have sold and closed for. If you need assistance in the marketing and sell of your home, I'd be happy to help.

Best,

Alajuwon J Aleem
Douglas Elliman Real Estate
aaleem@elliman.com (646) 915-5979
www.elliman.com/alaa
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0 votes 6 answers Share Flag
Thu Aug 29, 2013
John Peitler answered:
If you are looking for an apartment, please feel free to contact me for assistance. My name is Tanuja and I can be reached at 347-882-0353. Thank you and good luck.
1 vote 5 answers Share Flag
Tue Jul 2, 2013
Rtodman answered:
All incoming funds that are reported on your income taxes are considered. This would include Social Security, Investments, annuities, one time monetary gifts, trusts and inheritances. Particularly if you are trying to qualify to purchase unit. ... more
1 vote 3 answers Share Flag
Wed Jun 5, 2013
Ella Chavers answered:
are you on the board? if not, you should speak to a real estate attorney and discuss this with the other bd members and owners in the building.
0 votes 10 answers Share Flag
Thu May 2, 2013
Elena Ravich, Esq. answered:
Great elevator building with a live in super and a laundry. There is a 1BR there for sale for $600K, Maintenance: $1,095. I would be happy to show it or any other apartments in this area.

Elena Ravich
Rakita Realty
646 593 7207
... more
0 votes 3 answers Share Flag
Thu May 2, 2013
John Peitler answered:
I have some nice apartments in that area if you are interested. Please contact me. My name is Tanuja and I can be reached at 347-882-0353. Thank you and good luck.
0 votes 4 answers Share Flag
Mon Apr 29, 2013
Vandana Ranjan answered:
Are you a real estate broker representing the buyers?
0 votes 1 answer Share Flag
Mon Apr 8, 2013
raffaele saccente answered:
There is no taxes because its a co-op, your mt$ 883.00 Which covers the building taxes and underling mortgage .Your buying shares of a Corporaton.
0 votes 3 answers Share Flag
Fri Jan 25, 2013
Michael Druckman answered:
While I an unaware of any, I suggest you ask your Rabbi if there is one in the congregation.
0 votes 5 answers Share Flag
Sun Sep 23, 2012
Mitchell Hall answered:
The Buyer's Application Process is Changing

“Co-Op Envy”

When buyers are interested in purchasing, it’s usually the co-op board that holds the cards. They investigate prospective buyers and eventually either bet on the applicant or pass. Condominium boards don’t have as much power, but many are slowly moving toward the co-op board model in hopes of securing the best-financed owners. As a result, the approval process for each is different, from time tables to legal issues.

“Co-ops [and condos] should communicate their expectations and requirements through their managing agent, and they should also list their expectations and requirements in their board package/application instructions,” says Mitchell Hall, an associate broker with the Corcoran Group."

Mitchell Hall,
Licensed RE Associate Broker
The Corcoran Group
347-921-4255
mhall@corcoran.com
http://mitchellhall.com
http://nycblogestate.com
... more
0 votes 10 answers Share Flag
Tue Jul 24, 2012
Jolie Muss answered:
Here are some thoughts on this from the brickunderground
http://www.brickunderground.com/blog/2011/11/brickundergrounds_2011_holiday_tipping_guide
0 votes 2 answers Share Flag
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