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Jamaica Estates : Real Estate Advice

  • All29
  • Local Info5
  • Home Buying8
  • Home Selling3
  • Market Conditions1

Activity 12
Tue Aug 20, 2013
Anu Dutta answered:
WE specialize in rentals, please check our site for hundreds of listings with pictures, videos or feel free to call us at 646-606-2366
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Mon Mar 18, 2013
De Vonte Williamson answered:
Hello Tarique. There is no link provided.
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Sat Aug 4, 2012
Nida Kabbaj answered:
Hello Pamela.

Can you send me the link of the COOP you are inquiring about?
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Tue Aug 20, 2013
Yael Shanee answered:

Thank you for your inquiry.

It would be my pleasure to assist you finding the right apartment for you.
Feel free to call me 917-705-3717
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Sun Mar 17, 2013
Anna M Brocco answered:
Commissions are always negotiable between you and your agent, there are no set standards; therefore choose your agent with care and not by commission alone...
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Fri Jul 23, 2010
I don't think that anyone can predict that for sure. I lived in the Camelot when it was a rental back in the 70's, and it was brand new then, so I used that as a means of comparison. A unit there sold for $229,000 and it closed in December. There is now a high floor unit, totally renovated, also a 2 bedroom, and it is on the market for $234,000. This would lead me to believe that the prices could be dropping, however sometimes you can't tell why something is well priced, the owner could be very motivated to sell and therefore will price it low. ... more
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Wed Jun 9, 2010
Eric D. Jarman answered:
Hi, Sardar how about this? I would serve as your buyers agent on this steal

Property Details
Price: $79,900 Bedrooms: 1 Bathrooms: 1 Living Area Size: 870 Year Built: 1948

Wonderful building in Jamaica. Close to all transportation with easy access to Manhattan. This is a great property that will not last long! Dont Miss this investment opportunity. Schedule your personal tour today.

These distinctive characteristics represent factors which have a strong influence on this community. Factors are considered "distinctive" if this community falls into the top 25% for these characteristics nationally.

Stable Population
Moderate Residential Turnover
Closest Major Sports Teams: New York Mets

Community Summary

Population Growth (since 2000) 4%
Population Density (ppl / mile) 38,053
Household Size (ppl) 3.09
Households w/ Children 38%

Housing Stability

Annual Residential Turnover 18%
5+ Years in Residency 25%
Median Year in Residency 2.47

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio $1,067
One Bedroom $1,154
Two Bedroom $1,284
Three Bedroom $1,580
Four Bedroom $1,776

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average

Eric D. Jarman, Licensed Real Estate Agent
310 E 46th Street
New York, New York 10017
M: 347. 2074907
T: 212.686.9288
F: 212.656.1756
... more
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Sun Mar 30, 2008
Aileen-Manhattan-NYC answered:

Do you mean Jamaica Estates or Jamaica (the Carribean islands)?
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Mon Aug 27, 2012
Gail Gladstone answered:
Did you call the attorney to find out what is delaying the closing? I see you are from Arizona. It is difficult for folks outside of NY State to reconcile with how real estate is done here, but it is very cumbersome at best. In NY, there are 3 attorneys; the buyer's, the seller's and the banks (if there is a mortgage involved). They also cannot close unless there is a clear title to the property. Was there a Realtor involved in the sale on either side? perhaps you can contact one of them. ... more
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Tue Feb 12, 2008
Don Tepper answered:
My first response would be to check with your lawyer. But you say "the lawyer has not returned my calls."

I'm not a lawyer, but...

The lawyer, I would assume, reports to the executor of the estate. Are you one of the executors? If so, the lawyer should have a fiduciary duty to respond to you. If not, then such a duty may not exist. If, for instance, your brother or another relative is the executor, then contact the executor and explain your question and concerns.

If that avenue is unsuccessful, you may need to hire your own legal counsel to represent your interests.

A few other points: Despite your stating that the house "sold" in November and was "purchased" by investors, without a closing the house was neither sold nor purchased. What may exist is a ratified contract. Now, presuming that there is a ratified contract, the contract should specify a time frame for the transactions. Just as with any other sale, the investors would have x days to seek financing, and the property would close within y days. That should be in the contract, and that's what governs.

You ask if there's some kind of deadline that a bank has to close on a house. The bank isn't closing on the house. The buyers are. They may be obtaining financing from a bank. Or they may have their own sources of cash. Or they may be using private investors. The contract will specify the time frame that the buyers have to obtain financing.

If I had to guess, based solely on what you've provided, I'd guess that the investors have been unable to obtain financing. Your lawyer (and real estate agent) should be on top of the matter. If they aren't, it's time for you to get directly involved.

Again, not legal advice. Just an opinion.

Hope that helps.
... more
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