it all depends on the location, the market price, and condition. in your area there are several cooperatives in the sales process. hire an agent who will represent you, provide his/hers services and work on your best interest.... more
There are several different ways of creating a flip tax. You can do it on the number of shares, or on the sales price, or on the gain on the sale of an apartment (i.e. the difference in the price paid versus the price they are selling for). Personally I think the latter is the most palatable to a prospective buyer. Having said this, I would definitely be cautious in creating a flip tas as it can affect the value of the coop apartments.
I do think however that a minor flip tax might outweigh having an exorbitant maintenance... more
This is a case of too little too late. Marketing should have been discussed up front at the listing presentation with the Agent/Broker you hired. This all gets into what type of exposure the marketing allows for and is it quantifiable. And of course if you went with a low commission that would naturally exhibit less marketing, less exposure, less offers and after time on market becomes an issue, less dollars. The way to get Manhattan exposure would be by using the number one office in New York, Prudential Douglas Elliman Real Estate.... more