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Are You Selling A Manhattan Apartment? Must Read!
Are You Selling A Manhattan Apartment? Must Read! Should a Manhattan real estate broker require an expiration date on their exclusive? If a real estate brokerage agreement contains no term as to its duration, a reasonable duration may be implied by a court. In the context of real estate brokerage agreements without a term,… Read More
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
Selling A Manhattan Co-op Apartment For an Estate Sale
Selling A Manhattan Co-op Apartment For an Estate Sale When taking a listing from an estate that is selling co-op apartments in the Upper East Side, is there anything specific that a Manhattan real estate broker or seller have to be aware of, for this type of transaction? When representing a seller in an… 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
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