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Upper East Side : Real Estate Advice

  • All206
  • Local Info28
  • Home Buying63
  • Home Selling5
  • Market Conditions23

Activity 77
Sun Feb 21, 2010
Anna M Brocco answered:
Check the proprietary lease and or bylaws or simply call management and ask.
0 votes 2 answers Share Flag
Sun Feb 7, 2010
Robin Silverberg answered:
You can look on the Prudential Douglas Elliman website. They have a market report for 2000-2009 that should have the information you are looking for.
0 votes 1 answer Share Flag
Fri Jan 13, 2012
Anna M Brocco answered:
You have many great choices--however, do some of your own homework first--visit a neighborhood several times to get a sense of “belonging”. Check out area statistics; real estate professionals are prohibited from “steering”—enticing a buyer to purchase, or not, in specific neighborhoods, or buildings for that matter; so, you should check out demographics on your own to assure your comfort level can be reached--find an agent that you are comfortable with and he/she will guide you through the rest.

Anna
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Thu Feb 18, 2010
Anna M Brocco answered:
Seems like 16 E(East) 74 St is the number of the building--missing is the unit number--however, the mail delivery person will place it in the building's mailbox with your pal's name--each occupant has a mailbox of their own. Hopefully this helps.

Anna
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0 votes 2 answers Share Flag
Thu Apr 30, 2009
Yocari Lara answered:
Hi Roromarks,

Your question has many variable, but ultimately it has to do with how much equity you have, how much your monthly output is and how much you'd rent for vs sell for - tough questions to answer in any market and perhaps tougher now.

Let me know if I could be of assistance.

Yocari
646-442-7407
... more
0 votes 2 answers Share Flag
Tue Apr 28, 2009
Jenet Levy answered:
Which unit are you asking about - there are several for sale in the building? This building requires 50% down, which would take longer for qualified buyers to surface. If you think you may relocate in two years you are most likely better off with a condo. If you would like assistance in finding the right condo for you, please feel free to contact me to discuss your needs.

Jenet Levy
jlevy@cbpreviewsnyc.com
... more
0 votes 2 answers Share Flag
Thu Jul 2, 2009
Andy answered:
It is included in most coop/condo maintenance fees, they each have a certain part that is tax deductible.
0 votes 3 answers Share Flag
Tue Apr 6, 2010
Stefani Pace answered:
A broker can give you all that information easily :) If you want some informaion just ask me. space@elliman.com
0 votes 9 answers Share Flag
Thu Jan 22, 2009
Adam Waldman answered:
When calculating a mortgage for any condo (regardless of price), you need to factor in the following:

[1] Total Mortgage (purchase price - down payment)

[2] You then must apply the mortgage rate to figure out the monthly payment. I would recommend checking out a website like www.interest.com to use their mortgage calculator. If you plan on using a standard mortgage, this should work fine (30-year fixed with 20% down). Otherwise, it becomes more complicated, and you should contact a mortgage professional.

Most people want to figure out their monthly payment, not just their mortgage payment, so you'll need to factor in some more numbers:

[1] Property Tax - most people pay this in their mortgage payment, but you can elect to pay them yourself twice a year, and not have them factored in to your monthly payment.

[2] Common Charges - condos charge monthly maintenance fees for the use and upkeep of common areas and ammenities.

[3] Homeowners Insurance - again, this number is usually paid in the monthly mortgage payment, but it must be factored in.

Overall, the monthly payment is commonly referred to as PITI (Principle, Interest, Tax, Insurance). With condos, the payment would be PITI plus common charges. I hope that this helps.
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0 votes 3 answers Share Flag
Thu Apr 11, 2013
Jonathan Miller answered:
Sorry for the delay - we posted the data the day the report was released but due to technical problems we had to pull them down. I am told we will have the charts up by monday and the data should be up soon as well. Thanks for your patience! ... more
0 votes 5 answers Share Flag
Sun Apr 20, 2008
Gail Gladstone answered:
If you are being represented by a buyer's agent, ask them to run comparative sales of similar apartments sold within the last 3 months within a very close distance (a few blocks?).

If you are not represented, the selling agent is not permitted to share information with you that would hurt the seller to whom they have a fiduciary responsibility.

I personally would like to see lower common charges and higher taxes (deductible). However, this is going to be your home. Do you feel at home in it? If so, buy it. If not, pass it by. It is not like a car that you will change in a few years...you are going to be living in this place every day and night. If you love it, it is a good deal.
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Thu Mar 20, 2008
Aileen-Manhattan-NYC answered:
Kim,

Your question is placed under the crime and safety subcatagory. If crime statistics are what you're seeking, you can can contact the NYPD directly. Every precinct has a community liason and their own crime statistics.

New York City is a wonderful place to live. Whether you live in Topeka, Kansas or the UES, it's a good idea to exercise common sense and get involved in your community.

You're within walking distance to Carl Shurtz Park, the Museum Mile, Gracie Mansion, and Central Park. It's not the trendiest neighborhood, but many persons continue to choose to live in the Upper East Side.
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0 votes 4 answers Share Flag
Tue Mar 25, 2014
Jesse C. Turnquist answered:
Paul,

4% is a small price to pay for closing the deal, as they say 'cash is king'. If you really want to sell to your neighbors however, I would be happy to assist in the financing.

jturnquist@guardhill.com
646-519-7521
... more
0 votes 6 answers Share Flag
Sun May 18, 2008
Jesse C. Turnquist answered:
Kim,

I would be happy to assist you in financing whatever you need. As far as an agent is concerned, I will forward this message to a few that I trust will take good care of you.


Please e-mail me with any questions or concerns @ jturnquist@guardhill.com.
... more
0 votes 6 answers Share Flag
Fri Aug 15, 2008
Diary Of A Real Estate Rookie answered:
I generally don't work up there but it looks easy to spend $1,800 per square foot in the Lucida, the new green condo going up on 85th Street.

Co-ops will be cheaper (buyers generally prefer not having to go through a co-op board) and it looks like some contracts are going through at $1,400 a square foot, while it looks like some things are going begging at $1,100 per.

So it depends on what your definition of a "nice" apartment is. Other things being equal, you will pay more for a family-sized apartment (one with at least three bedrooms, or at least that potential), a killer kitchen, renovations that are already done, a more prestigious building, the blocks just off the park, and a condominium rather than a co-operative organization.

Hope that gives you some guidance -- and if you're going through an apartment hunt in New York, you might enjoy my book.

Alison Rogers
author, "Diary of a Real Estate Rookie"
Insider Real Estate Tips with a Twist of Humor: http://tinyurl.com/2ag28z
... more
0 votes 3 answers Share Flag
Sat Jun 21, 2008
J R answered:
Just because they make a bid does not mean you have to accept it, even if it is higher than another bid.
0 votes 11 answers Share Flag
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