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Home Buying in West Village : Real Estate Advice

  • All27
  • Local Info5
  • Home Buying5
  • Home Selling3
  • Market Conditions3

Activity 5
Wed Apr 24, 2013
Matthew Gros-Werter answered:
I would check two places - First check the The New York City Landmarks Preservation Commission of the City of New York. Certain areas are not allowed to build up past a certain height. For example: SoHo and the Parts of the West Village only allow for buildings to be built up to 3 to 6 stories. If you want to dig deeper, I would suggest looking at the FAR (Floor Area Ratio) of a specific building. FAR tells how high building can be built. This information can be found at the DOB. ... more
0 votes 3 answers Share Flag
Wed Aug 15, 2012
Ann Zemaitis answered:
Hi Julia:
I was recently working with a famous actress shopping for similar properties in the West Village, and another clothing designer shopping in Tribeca. I am more than happy to help you with whatever you need. I can send you some listings, based on your financials and target neighborhoods/needs & wants, and if you like any we can follow up. Also note that as a buyer's agent, I rebate 10% of my commission to first time customers at closing for a limited time. On a $2,000,000 property, that is about $5,000-$6,000 rebate.

I look forward to assisting you!

Ann Zemaitis
Sr. Vice President
Charles Rutenberg Realty
Licensed Real Estate Sales Agent
... more
1 vote 17 answers Share Flag
Sat Jan 29, 2011
Bill Bone answered:
To determine a fair offer, you need to look at comps currently on the market and comps that have sold within the past 2 months, there's not a generic "discount rule" it all depends upon how well the listing was priced. A correctly priced listing should sell for near ask, if not full ask. ... more
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Tue Sep 14, 2010
Michael Dvorkin answered:
I do not foresee any issues. I believe the majority of work shall be done in the interior.
0 votes 4 answers Share Flag
Mon Feb 15, 2010
Kirsten answered:
I'm going to be looking for something to live in but in the back of my mind I've also always wanted to be an investor. Once I found the great resource that is Trulia and found people would actually answer my questions (quickly and with great answers) I decided to ask this question I had always wondered about properties with rent stabilized tenants. I definitely wouldn't buy a place with a rent stabilized tenant hoping I could live there anytime soon. It's too much of a risk. The one I saw that prompted me to ask this question was actually cashflow negative, so I definitely don't want that!

I probably won't apply for a mortgage until May when I get a big check that's coming to me because I won't be able to show that I will have a 20% down payment on the size of unit I want. If I apply in February and get approved for X amount and then in May I have a lot more to put down can I reapply to the same bank to see if they will approve more? If first impressions are everything I want to wait till May when I can go in with a lot more.
... more
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