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Renovating Your Manhattan Apartment After Closing
Renovating Your Manhattan Apartment After Closing You want to perform structural work your purchased apartments in New York, Manhattan after closing–what information regarding the alteration project should you be aware of? Before undertaking the structural alteration project, the purchaser must obtain the prior written consent of the co-op board. Towards that end, the purchaser should… Read More
80/20 Rule For Co-op Apartments in Manhattan, Can Make You Money
80/20 Rule For Co-op Apartments in Manhattan, Can Make You Money This was a rule in the tax regulation that stipulated, in order to qualify for co-op status and the resulting tax benefits, co-ops have to make at least 80 percent of their gross income from tenant-shareholders, which meant only 20 percent could come from sources… Read More
Switching Gas & Electricity When Purchasing Apartments in Manhattan
Switching Gas & Electricity When Purchasing Apartments in Manhattan Purchasers of Manhattan condos typically ask how to switch the electricity from the seller’s account to their own account. How this is done and is the purchaser responsible for the seller’s unpaid bills? Once the closing date is established, the purchaser should contact Con Edison… Read More
Manhattan RealEstate Fun Facts For 1st Q. of 2013
Manhattan RealEstate Fun Facts For 1st Q. of 2013 $1.05 million Average sales price of a Manhattan apartment, cooperative ownership in the first quarter of 2013; the average price of a Manhattan condo was $1.82 million 4,597 Number of new listings in the first quarter, down 4 percent year-over-year 2,212 Number of apartments that had… Read More
What Are Manhattan Apartment Lot Line Windows?
What Are Manhattan Apartment Lot Line Windows? A “lot line window” is a window that is built on a side of a building that shares a boundary line with a neighboring property. If the adjacent building is built up to or higher than this window, then the lot line window will likely need to… Read More
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