February 18, 2020

If you want a doorman building, go condo

It’s just about the next best thing in Manhattan to having a chauffeured limousine always at your disposal. That would be living in a doorman building. Door personnel and concierges obviously do like to get paid for their work, and that means you’ll fork over plenty in common charges or maintenance fees to live in […]

Broker Talk New York: Understanding Dual Agency

As many of you may know, Section 443 of the New York Real Property law has been revised to require a broker in co-op and condo transactions to obtain written acknowledgment of the the principal-agent relationship being entered into and consent to a broker acting as dual agent. Under certain circumstances, the broker may obtain advance consent. […]

What buyers, sellers and brokers don’t know about rooms could fill a book. . . and it does!

Granted you are more likely to worry about the amount of square footage in a co-op, condo or townhouse than the precise number of rooms when judging the price. But room count is neither irrelevant nor debatable in the eyes of the New York City Administrative Code. Nor is it acceptable–legal or ethical–for a broker […]

When is a bedroom not a bedroom?

How often have you walked into an apartment in New York City that is being marketed with more bedrooms than truly exist?