NYCityRealty by Fernando Branco, GRI, ABR, CNE - Manhattan News - Brazilian Relocation to Manhattan

Lee Radziwill’s longtime Upper East Side home lists for $5.7M The apartment is the only unit on the building's 15th floor, and has the sort of gracious layout you’d expect from a stately Upper East Side co-op. For $52M, a huge triplex in a Rosario Candela-designed Upper East Side co-op Apartments at 990 Fifth Avenue, a grand, Rosario Candela-designed co-op building, don’t come up for sale very often.

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Legal Line Question of 
the Week: Tenancy by 
the Entirety, Co-op 
Stock Certificates 
and January 1, 1996

Q: What is a Tenancy by the Entirety and what is the relevance of
January 1, 1996 as it relates to co-op stock certificates?

A: A Tenancy by the Entirety ("TBTE") is a form of 
ownership of real property that is only available for 
married spouses. In a TBTE, married couples are 
viewed as a single person to whom title to real 
property is vested, and each spouse owns an 
undivided 100% interest in the property. Each spouse 
in a TBTE has a right of survivorship, which means 
that upon the death of one spouse, the surviving 
spouse becomes the sole owner of the property 
by operation of law.
Technically speaking, a co-op purchase is a securities transaction 
rather than a real estate purchase, and therefore, a TBTE was not 
always available to married couples purchasing co-ops. However, 
on January 1, 1996 (the "Effective Date"), the New York Estate 
Power and Trust Law (the &quo…

Lee Radziwill’s longtime Upper East Side home lists for $5.7M The apartment is the only unit on the building's 15th floor, and has the sort of gracious layout you’d expect from a stately Upper East Side co-op.
For $52M, a huge triplex in a Rosario Candela-designed Upper East Side co-op Apartments at 990 Fifth Avenue, a grand, Rosario Candela-designed co-op building, don’t come up for sale very often. For $695K, a charming Midtown East co-op near Sutton Place The 785-square-foot space is big and bright, with plenty of charming decorative details, including a fireplace and built-in bookshelves.