Q. I’m redoing my kitchen and trying to figure out the best material for the countertops. I like the look of granite, marble, Caesarstone, Silestone, soapstone and concrete. What are the pros and cons of each based on heat, stains, price and the time it’ll take to finish the project?
A. The countertop is a crucial decision in a kitchen--it's the surface that you interact with the most, it'll get the most use (and abuse) of any surface in the house, and it's the visual touchstone of your kitchen. Here’s a rundown of each option you’re considering.
Q: I own a three-bedroom co-op near Columbia University worth $800,000. I’ve paid off the mortgage, so I only pay maintenance fees. I’d like to buy a second apartment in the city, and I have a good job and excellent credit. The trouble is the down payment.
I’ve thought about taking out a loan against my three-bedroom to finance the purchase of the second home. Is this possible? If so, what are the pros and cons?
A: The short answer is yes: “You can use the equity in your current home for the down payment on a second,” says mortgage banker Robbie Gendels of National Cooperative Bank. However, even if you can get financing this way, you’ll run into some other hurdles--particularly if your second apartment is a co-op, our experts say.
Developers paid $17 million to the last tenant at the Mayflower Hotel, paving the way for the construction of 15 Central Park West, pictured above
Two of the most common NYC real estate fantasies are finding a rent-stablized apartment and getting a hefty buyout for said apartment. Reclusive New Yorker Herb Sukenik managed both. The story--considered to be the largest buyout in NYC history -- is chronicled in real estate journalist Michael Gross' House of Outrageous Fortune, a new book that goes behind the scenes of 15 Central Park West, the city's premier condo for the rich and richer.
When I get to the front desk of 611 Broadway and tell the security guard that I’m here for “Breather,” he seems vaguely confused. “Breather?” I say again. He doesn’t seem to know exactly what I’m talking about, but he waves me toward the elevators without signing in.
Gorgeous roofdecks are a popular amenity in NYC — a place to soak in some sun in the warmer months. But with telecommuting becoming increasingly popular, communal workspaces in residential buildings are growing more desirable, too — even necessary. We asked six New Yorkers whether they'd rather their building put in a Wi-Fi-enabled, shareable workspace or a tricked out roofdeck? Take notes, developers!
Stonehenge Village, the Upper West Side rental complex whose management banned rent-stabilized tenants from a new gym, was originally created as part of the Mitchell-Lama middle-income housing program.
Stonehenge Village, a 417-unit rental building on the Upper West Side, ignited a firestorm this week when it came to light that a new gym would be for market-rate tenants only, and the 60% of building residents who paid rent-stabilized rates would be out of luck.
Politicians condemned the so-called amenity segregation, with State Senator Bill Perkins calling it a “form of apartheid,” City Council member Mark Levine saying it “recalls memories of the pre-Civil Rights era,” and Public Advocate Letitia James vowing to file a discrimination complaint with the New York State Human Rights Division, as DNAinfo reported.
The Real Estate Survival Guide for NYC Buyers, Sellers, Renters & Dwellers
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