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R NEW YORK - 641 Lexington Ave, NY, NY 10022
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!!! Important Greenwich Planning and Zoning - Action Needed
The P&Z has not only
brought back the previous issue that we discussed in November regarding FAR
calculations they have also proposed a new change relating to Grade Plane.
The GAR Board of Directors
believe that the far reaching impact of these changes may negatively effect
a broad section of properties; their value, use and potential. As such, the
Board unanimously agreed to take a position encouraging P&Z to delay
voting on these measures until there is greater (and clearer) public
understanding of these potential measures.
We know that you attended and
supported us in November, however, this time we need you to
actively engage your clients, your neighbors and friends to join in their
support of more transparent government.
We have put together a web
site (www.pzpetition.com) where you can sign
in your support of the following:
As a Greenwich resident I
object to the policies and practices used by the Planning and Zoning
Commission in creating new codes regulating property use. I believe that
the Planning and Zoning Commission should:
the public credible research and reporting about P&Z proposals.
specifically which homeowners benefit and which are potentially
adversely affected by these proposals.
plain language when describing zoning codes.
to the Public via televised meetings and direct mail.
input from local land use professionals before creating policy/code.
proposed policy/code changes to the RTM Land Use Committee for
not vote on any policy or code changes after 10:00 PM at public
proposed code changes should appear on the three previous agendas
before any action is taken.
I hope that you (and your
family, friends and clients) will attend Tuesday night's meeting. I believe
that we should (and will) make a difference in this process.
Thanks in advance,
Please forward this email and the information about these new
regulations and the processes currently in place to your contact lists.
There is also a paper petition that you can download and print
out to collect signatures.
Stevens President Greenwich Association of REALTORS®
April Market Reports: 3 Important Takeaways to Share With Your Clients
May 30, 2019 OVER 1,000 MANHATTAN HOMES ENTERED CONTRACT IN APRIL.
According to the StreetEasy April 2019 Market Reports, the New York City sales market may be strengthening. This news comes after months of weakening prices across the city, rising share of price cuts and growing days on market. Read on for three takeaways from our most recent report that will offer you and your seller encouraging signs.
Nearly 1,200 Homes Entered Contract in Manhattan This AprilThe context: The number of pending sales in Manhattan rose by 26.6% year-over-year to 1,193 in April. That marks an annual increase of more than 250 and the most homes to enter contract since 2015. Upper Manhattan saw a lot of contact activity with pending sales doubling to 132 from 66 the year before. Washington Heights and Central Harlem led the charge with 53 and 29 homes entering contract, up by 104% and 53%, respectively. The takeaway: More so than ever,…
Legal Line Question of the Week - REBNYTransfer Taxes and Grossed up ConsiderationI represent the prospective purchaser of a new construction condominium unit. In speaking with the sales office for the sponsor, I was informed that my purchaser is responsible for paying both the New York City and New York State transfer taxes. I thought that the obligation to pay transfer taxes was the responsibility of the seller. Can you please explain? Generally, when real property (or a co-op apartment) is sold in New York City, the seller is responsible for paying both the New York State and New York City transfer taxes. In residential real estate transactions where the purchase price is greater than $500,000, the New York City transfer tax equals 1.425% of the purchase price (and where the purchase price is $500,000 or below, the New York City transfer tax is 1% of the purchase price). The New York State transfer tax is .4% of the purchase price. New York state law permits a seller to shift the…
A design revolution in New York City is taking place, as the Chelsea neighborhood transforms from a derelict wasteland to a thriving nexus of art and architecture. The Hotel Americano, the first U.S. outpost of the splashy Mexican hotel chain Grupo Habita, recently materialized on Manhattan’s West 27th Street. It’s situated between 10th and 11th Avenues, at the northern frontier of the Chelsea art district, in the middle of a block best known for its cacophonous, warehouse-scale nightclubs. Why, you might wonder, would anyone want to build a hotel here? But the unpromising appearance of the location is part of the allure. “It’s gritty,” says owner Carlos Couturier, “and I like that grittiness. It feels like what the Meatpacking District was ten years ago. Very authentic.” Yes, Way-West-27th is authentic—some of the nearest residents are in a cluster of city-owned housing projects—but here, as elsewhere in Manhattan, grit is an endangered species. Just down the block from the hotel is t…