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 […]

Let us all praise honorable brokers

A casual buyer to whom I’ve sent listings and shown apartments occasionally over the last year or two called me not long ago to say that he’s found the one he wants to purchase. It is in Fort Green, Brooklyn, and I have yet to see the studio. But he wanted me to represent him. […]

Finally, new index tracks Manhattan condo sales

Thank you, Streeteasy.com, for introducing a Condo Market Index (CMI) for sales in Manhattan. No longer do we have to contend with Case-Shiller’s imperfect index, which covers the entire city and surrounding suburbs while ignoring apartment sales. In the chart above, the bottom line represents condo sales volume in all of Manhattan starting in January […]