Q. I just received an assessment of $8,800 from my condo board for an elevator replacement project. What happens if I can't afford to pay? What are my options?
A. The short answer: Try your best to work out a payment plan with your board, say our experts.
"While most condomimium bylaws require the board to pursue collection against unit owners in arrears, board members will generally try to work with unit owners who have financial exigencies, particularly if there is not a pattern of arrears," says co-op and condo attorney Scott Greenspun of Braverman Greenspun, who recommends reaching out proactively before the first payment is due.
Although it might feel like paying a broker’s fee is a necessary evil in NYC, it doesn’t have to be. Click on over to apartment rental website Naked Apartments and you'll find many no-fee and low-fee options—meaning ones that call for fees of less than 9% of a year’s rent vs. the usual 12-15% commissions. Scan the places listed here in our Low-Fee Rental Roundup or log onto Naked Apartments to hunt by “no fee” or “low-fee.”
The NYC co-op board application process is not easy (which is why we at Brick have dedicated dozens of posts and even an entire series to it), but as is the case with most things in life, the more prepared you are, the easier it'll be.
For this look at a topic of understandably perennial interest, we asked nine current and former board members and one property manager (privvy to board members' decisions) what matters most to them. Roughly speaking, their concerns fell into four categories.
The stark white paint your super used may cover up the previous tenants’ paint job, but can make your place feel more like a hospital than a home.
To provide some color inspiration, we polled interior designers, local paint stores and paint companies to find out which shades are most popular in our fair city. And some of the same ones kept coming up again and again.
Check the Point2 Homes map to see if your prospective neighborhood is being rezoned. Blue indicates active rezoning proposals. Red and pink indicate recent and not-so-recent rezoning, respectively.
So you think you’ve met the co-op or condo of your dreams, at a price you can afford? Before you stroll too far down the path of home ownership, remember that the building—and what’s around it--will affect your future happiness as much as the apartment itself.
To spare yourself time, expense and heartache, it pays to do some sleuthing online even before you hire an attorney to review the financials and board minutes.
A great place to start is with the detailed Property Data Reports on real estate search site Point2 Homes, sister site of real estate data powerhouse PropertyShark.
Less heat, more privacy, and a super who lives up to his title: Five New Yorkers share what is driving them nuts about their apartment...
The winter blues I would love to be able to regulate the heat in my apartment. The heating system we have is insanely hot and inefficient. There may be some skinny old dears in my building who need the heat on as soon as the temps dip below 60 degrees. But for those of us with body fat, it feels like sweltering summer hasn't left yet. - Melissa, Bushwick
Parental privacy I wish I had a second bedroom for guests and our new baby. If we don't get another bedroom soon, then we may not have another baby either -- if you know what I mean! - Maraike, Inwood
by Rebecca Egler as told to Caitlin Nolan | 11/15/13 - 8:59 AM
Nearly two years ago I moved from an apartment in Sunset Park (on 54th between Fifth and Sixth Avenues) to East Harlem (on Madison Avenue between 125th and 126th Street).
The main reason for my move was to be closer to my job in West Harlem. My new(ish) apartment is in a small walk-up building. It has a full living room, a kitchen, dining room, three bedrooms and two full bathrooms. I pay $900 a month for my share of the rent, which includes the middle sized room.
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