Saturday, January 18, 2020

NYC'S 25 Most Expensive Homes For Sale / Great things in NYC in 2019 / Hot properties / Ice Skating Rinks / Public Art Installations / Kids Fun...





Click to view images

NYC’s 25 most expensive homes for sale

See the blockbuster homes currently on the market in New York City

Click to view images

13 good things that happened in NYC in 2019

There were reasons to be cheerful in 2019

alt_text

Opulent Upper East Side mansion once listed for $114M, now wants $79M

The home first hit the market five years ago with a jaw-dropping price tag



alt_text

Historic Upper West Side townhouse seeks $7.5M

It’s kept a lot of its interior old-world details

alt_text

The best ice skating rinks in New York City

The time to bust out your best Blades of Glory moves is here


alt_text

Angular Greenwich Village townhouse on infamous site wants $21M

The house on West 11th Street sits on the site of an accidental 1970 bombing

alt_text

New York’s best public art installations this season

Get outside to check out some of the best art in New York City

alt_text

alt_text

Posh Greenwich Village townhouse with celeb pedigree wants $11M

Hillary Swank used to own the four-story home

Click to view images

The 30 best things to do in New York City with kids

The top spots for families in the Big Apple



alt_text

Grand Greenwich Village townhouse with 50-foot facade seeks $50M

The massive historic house has a large garden and a roof terrace

Downtown Brooklyn's Wild R.E. Boom / Hot Brooklyn Townhouses and Lofts / Williamsburg Rents Soar / "Gowanus Green" Development

Click to view images

Downtown Brooklyn’s wild development boom, mapped

The transit-rich neighborhood is in the middle of a building boom


Click to view images

Charming Fort Greene townhouse wants $3.5M after modern revamp

The house, which dates back to the 19th century, was recently gutted

Click to view images

Lively Brooklyn Heights loft in historic building seeks $2.6M

It has nine-foot windows and plenty of details that allude to the landmarked structure’s past



alt_text

Charming Fort Greene townhouse wants $3.5M after modern revamp

The house, which dates back to the 19th century, was recently gutted


alt_text

Williamsburg rents soar one year after L train shutdown switch

Rents in the Brooklyn neighborhood have reached a new record high


alt_text

Bjarke Ingels designs new master plan for Williamsburg waterfront development

The plan, developed by Two Trees Management, calls for a James Corner Field Operations-designed, six-acre public park and two mixed-use towers


alt_text

The best ice skating rinks in New York City

The time to bust out your best Blades of Glory moves is here

alt_text

Renovated Williamsburg townhouse with charming Italianate facade asks $2.4M

It has a garden, a roof deck, and space for a home office

alt_text

DO YOU HAVE A REAL ESTATE QUESTION? NEED HELP BUYING OR SELLING YOUR REAL ESTATE ASSET?

CALL / EMAIL ME! I'M HERE FOR ALL YOUR REAL ESTATE NEEDS!

C: 212-321-0115

E: NYCTREALTY@GMAIL.COM

Fernando Branco, GRI, ABR, CNE
Lic. Assoc. Real Estate Broker
Residential Real Estate
Commercial Sales & Leasing 
Graduate Realtor Institute (GRI) 
Accredited Buyer Representative (ABR) 
Certified Negotiator Expert (CNE)
R New York
641 Lexington Ave, NY NY  10022

c: (212) 321-0115

e: fbranco@weRnewyork.com
Facebook Twitter LinkedIn Blogger Facebook Page Google Plus Google Plus Page 
Working by referral. Let me help you find a home too!!
Picture

The NYC Real Estate Purchase Process Explained: OFFER TO PURCHASE - Client question about moving forward with an offer

Client question about moving forward with an offer:

Good morning, Mr Hong.

In order to proceed, you have to prepare and present your financial statement to the sellers, for your offer to be accepted. 

Then, after the offer is accepted, the terms of the offer are sent to the Sellers attorney who prepares the contract of sale, so it can be sent out to your attorney. 

In NYC, you must have legal representation by an attorney, who will review the contract for you to make sure there are no issues or legal traps for you, the buyer, and also to review the building financials and legal docs to make sure the building ( coop) and the unit itself are sound and safe for your purchase. 

I have names of fantastic and reasonable attorneys for you. 

We can certainly ask for a closing date that works for you and your father, and the contract would reflect that. 

After the contract is fully signed ( by you, the buyer, and then, by the sellers) we have to prepare a purchase application ( the board package) to be submitted to coop Board members. 

Your application will be reviewed by them, and if they like what they see in it, they (the coop hoard members) will schedule and invite you for a personal interview, so they can meet you in person and get to know you a bit. 

After that interview, the coop board members will let us know if they approve your application to buy the coop unit. 

This process usually takes about 2-3 months. 

I would have preferred to have told you this during a personal meeting or at least through a phone call but since you seemed to be too busy, I figured I tell you this now, so you can understand a bit more about the purchase process. 

Let me know if you have any questions.

Thank you. Warm regards, Fernando





DO YOU HAVE A REAL ESTATE QUESTION? NEED HELP BUYING OR SELLING YOUR REAL ESTATE ASSET?

CALL / EMAIL ME! I'M HERE FOR ALL YOUR REAL ESTATE NEEDS!

C: 212-321-0115

E: NYCTREALTY@GMAIL.COM

Fernando Branco, GRI, ABR, CNE
Lic. Assoc. Real Estate Broker
Residential Real Estate
Commercial Sales & Leasing 
Graduate Realtor Institute (GRI) 
Accredited Buyer Representative (ABR) 
Certified Negotiator Expert (CNE)
R New York
641 Lexington Ave, NY NY  10022

c: (212) 321-0115

e: fbranco@weRnewyork.com

Facebook Twitter LinkedIn Blogger Facebook Page Google Plus Google Plus Page 
Working by referral. Let me help you find a home too!!
Picture

Sunday, December 22, 2019

Does every building have ‘house rules’ and how do they differ from bylaws?

The vast majority of NYC condos and co-ops will have house rules—it's possible but unusual to find a building without them. After all, house rules are there to help owners live together without conflict.

Typically, they deal with issues like where bikes should be stored, where stroller and umbrellas can live, how a recycling program is managed, or what the rules are on takeout deliveries and flyers. 
House rules are different from a co-op's proprietary lease and bylaws, which focus on corporate governance and how the board operates. A condo also has bylaws addressing how the building operates. 

What happens if you break a house rule? 

There can be consequences for violating the bylaws of a building—the most serious will be eviction from a co-op. In a condo, violation of the rules can result in fines. House rules, however, are more accurately a set of guidelines for residents. A bylaw might say it's against the rules to obstruct the hallways. The house rules might say strollers and umbrellas should be folded if they are stored outside the apartment.  
"It's not that house rules are less enforceable, but they drill down on various aspects of living together," says Barry Margolis, co-chair of the law firm Abrams Garfinkel Margolis Bergson. He points out there can be bylaws about not creating a nuisance and then house rules that address late-night noise or marijuana smoke. 
Just as every building in NYC is different, so too are house rules. Aleksandra Scepanovic, managing director of Ideal Properties Group, points out some co-ops take their rules to an extreme, attempting to regulate or even restrict virtually every aspect of the shareholders' tenancy.
"There are buildings that specifically prohibit decorations of any kind on apartment doors. Most co-ops disallow adult children from residing in the co-op unit while parents are away [and] some co-ops will not allow the residents to have a bike in the elevator, even though the building itself may have a bike storage facility on-site," she says. 

Can you change house rules?

If you are buying from a sponsor in a new condo building, there will still be house rules but they may change over time. "As more and more residents take control of the board, they can begin to fashion rules that are more geared for their community," says Margolis.
Making changes to the house rules is usually easier than changing the terms of the proprietary lease and/or bylaws. Margolis points out "the proprietary lease typically requires two-thirds of the shareholders to vote on the change, whereas the board has the discretion to amend the house rules from time to time." 
Co-ops may be notorious when it comes to rules and restrictions over shareholders but in buyer markets, Scepanovic says co-ops tend to relax the rules "in order to attract the picky purchaser presented with a flood of competing choices."

The strangest house rules

The current market might be an opportunity for some co-ops to do away with more archaic or prohibitive rules. Matthew Cohen, an agent at Halstead says one of the "strangest house rules" he's come across is a building on the Upper East Side that said residents were only allowed to speak with the doormen "for up to 10 minutes at a time as to allow them adequate time for everyone else.” Another co-op owner vowed to change the culture of his co-op, which prevented take-out deliveries to his door and banned in-window air conditioner units. 
Getting a look at the house rules before you buy isn't always easy.  As part of your due diligence you'll want to ask the managing agent for the governing documents of the building but "if you don’t ask for something, you don’t get it," says Margolis and sometimes it can be hard to get your hands on them, leaving buyers to do some detective work on how the co-op or condo is run.
By BrickUnderground ( https://www.brickunderground.com/live/nyc-building-house-rules-how-do-they-differ-from-bylaws )



LIVE 
Greenpoint, Brooklyn: The
insider’s guide to living there
LIVE 
Brick Underground’s best advice on holiday tipping in NYC buildings
IMPROVE 
Here are some stylish and
energy-efficient options to
upgrade your radiators


DO YOU HAVE A REAL ESTATE QUESTION? NEED HELP BUYING OR SELLING YOUR REAL ESTATE ASSET?

CALL / EMAIL ME! I'M HERE FOR ALL YOUR REAL ESTATE NEEDS!

C: 212-321-0115

E: NYCTREALTY@GMAIL.COM

Fernando Branco, GRI, ABR, CNE
Lic. Assoc. Real Estate Broker
Residential Real Estate
Commercial Sales & Leasing 
Graduate Realtor Institute (GRI) 
Accredited Buyer Representative (ABR) 
Certified Negotiator Expert (CNE)
R New York
641 Lexington Ave, NY NY  10022
c: (212) 321-0115
e: fbranco@weRnewyork.com
Working by referral. Let me help you find a home too!!
Picture