The Real.Est List
- by Sharon Krum | 4/03/13 - 3:32 PM
WHO: Anderson Cooper is rumored to have been approached about Matt Lauer’s job on “Today,” but reportedly is wary because he is not a morning person. We hear you, buddy.
WHERE: Journalist and host of CNN’s “Anderson Cooper 360” lives in a converted firehouse in Greenwich Village, where the median sales price is $935,000 and the median rental price is $3,650, according to StreetEasy.
Your Celebrity Neighbor is a weekly heads-up on the A-listers who call your neighborhood home and (in theory) shop the same Duane Reade as you.
- by Mayra David | 4/03/13 - 2:17 PM
Photo Credit / I Spivey
Bathrooms, closets and scaffolding...These five city dwellers tell you what challenges them the most about their apartments....
- Too much living room For the square footage, there should really be a second bedroom…there’s tons of living area, probably meant for entertaining. But if we’re meant to entertain, then there should be an elevator in the building - Kim, Chelsea
- A hallway bathroom instead of en suite I would have the bathroom entrance be from the hall so you didn’t have to go through the bedroom to get into it. We’d just have to rearrange every feature of the bathroom but technically it can be done. - Millie, Carroll Gardens
- No more scaffolding They have just built scaffolding right up against my window. I live on the top floor and never thought I’d have to deal with people outside my window! But not only are there people, one of those people left his cup of coffee sitting on the sill outside my window. So there’s litter now, too. - Yancy, Harlem
- Real.Est. List Spotlight Galleryby Leah Hochbaum Rosner | 4/03/13 - 12:14 PM
Entry doors serve an important function. They keep the elements at bay, deter would-be burglars, and add or detract from the overall look and value of your home.
Established in 2010, Emerald Doors installs doors, window gates and locks of all types, but specializes in cellar doors and the doors most common in New York City apartment buildings: fire-rated doors (steel doors that are specially designed to contain fire).
Pastor says he decided to go into the business when he realized that many people were ripping clients off and speaking in terms they couldn't understand.
A onetime locksmith who learned about doors while fixing locks, Pastor was determined that his business would be different.
- by Jamie Lauren Sutton | 4/03/13 - 11:25 AM
Dear Ms. Demeanor,
My neighbors have loud (porn-style) sex almost every night between 1 and 2 in the morning. I'm too embarrassed to say anything, but it's really annoying and I can't sleep. Can you recommend a well-worded letter?
The Accidental Voyeur
Dear Accidental Voyeur,
A delicately worded letter for a delicate matter... So many of our readers complain of noisy neighbors but the hardest ones to deal with head on, as it were, are those whose sighs of intimate pleasure are more like screams.
To attempt coitus interruptus, we've heard of neighbors placing prank calls mid-session, as well as ringing the doorbell and then running away. Some publicly shame the moaners by telling other neighbors about it. But we still think a firm, but fair letter is the most mature way to go.
- by Tripp Whetsell | 4/03/13 - 8:57 AM
Photo Credit / Traci Lawson
The recent racial discrimination lawsuit between longtime African American resident Alphonse Fletcher Jr. and two board members at the legendary Dakota co-op sent a major wake-up call to the estimated 40,000 unpaid volunteers who currently serve on co-op and condo boards throughout the city. Among other things, it opened up the door to personal liabiility for board members in certain types of lawsuits.
The case also signifies what a slippery, if not treacherous, slope the job can often be to navigate even at the best of buildings.
“While the vast majority of co-op and condo boards members are able to do this successfully, it’s obviously not possible all the time,” underscores Mary Ann Rothman of the Council of New York Cooperatives and Condominiums, a non-profit membership organization for co-op and condo owners.
If you're thinking about running--or already serve on your building's board--follow these suggestions for a smoother tenure that (hopefully) won't end in a courtroom....
- by Teri Karush Rogers | 4/02/13 - 2:16 PM
Photo Credit / oinonio
Q. I'm searching for an apartment to buy and I'd like to know how to find coops that don't require 1 or 2 years mortgage and maintenance in liquid funds. This seems like a ridiculous request if you have the equivalent in a Roth IRA which would be accessible.
I've found one co-op that will consider far less with 10 years or greater employment history with one's current employer. What other options are out there and how do I find them?
A. This requirement is not unusual--nor is it universal. The challenge is finding a more flexible board, say our experts.
"There are plenty of co-ops whose rules are more lenient," says real estate attorney Adam Stone of Regosin, Edwards, Stone & Feder. "But those generally will not be the Fifth Avenue or Park Avenue buildings. It may not be possible to know a building's particular rules before going to see the apartment. But once you know who the managing agent is you can request a copy of the coop application and ask if there are any predetermined guidelines for applicants."
- by BrickUnderground | 4/02/13 - 11:34 AM
via flickr by adactio
In anticipation of peak rental season, BrickUnderground is taking a closer look at the holy grail of NYC apartments: the no-fee rental.
If you’ve found an apartment in the last 12 months without paying a broker's fee, we invite you to pay it forward by telling us how you found it--along with any other suggestions for fellow apartment hunters looking to get so lucky.
We will combine your collective intelligence with our own sleuthing and wrap it all up in a blog post later this spring (so if you haven't found your no-fee apartment yet, be sure to check back for the latest no-fee intel).
- by Alex Hughes | 4/02/13 - 10:42 AM
Among the apartments making it onto this week's Hot Dozen--the 12 rental apartments Streeteasy.com visitors clicked on most often over the past seven days--are several no-fee options on the Upper West and Far Upper West Side.
At 244 West 99th Street and Broadway, you'll find six floors of furnished rooms for rent from $1,400-$2,300/month. The listing calls them studios, but you will be sharing a bathroom and kitchen with your neighbors. They're available on a flexible short-term basis, from one to 10 months. On the bright side, the bathrooms are cleaned daily by the staff and they're newly renovated. The apartments sounds like an adult dormitory and may be suitable for those in a pinch, or for interns looking for summer housing.
- by Marjorie Cohen | 4/02/13 - 8:57 AM
Sponsor apartments aren't the only perplexing apartment type you may have run across while browsing through sales listings. If you've also been puzzled by the description of an apartment as a condop, you're not alone.
In fact, a condop is probably one of the most misunderstood designations in New York real estate.
When asked to define a condop, one long-time broker told us simply: “I’m not really sure. Is it legal? Sounds kind of wishy washy to me.”
What's a condop?
Condops are, in fact, completely legal--they're just not very common. They’re a category created by owners and developers in the 1980’s who wanted to get around an IRS rule that threatened to stifle their profits.
- by Emily Feldman | 4/01/13 - 1:57 PM
Buyers, perhaps salivating for summer, seem to have their eyes trained on windows and outdoor space this past weekend, as half the properties on this week's StreetEasy Open House Scorecard—the 10 open houses saved on StreetEasy more often than any others this weekend—boast some sort of open-air area, from balconies and rooftops to courtyards and sundecks.
Let's start with the bright, modern Flatiron-district $1.24 million one-bedroom condo pictured here. The lofty corner unit has 11 foot ceilings gets a double dose of sunlight from the south and east. A set of French doors in the living/dining area opens to double Juliet balconies. Owners also have access to a two-tiered Mediterranean style sundeck. The kitchen is no mere kitchen but a "freestanding kitchen pod" outfitted with the usual high-end appliances; it can apparently be closed off when not in use.
- Sponsored by Gotham Brokerage Co., Inc.4/01/13 - 12:07 PM
Photo Credit / theloushe
Next to bed bugs, mold is perhaps the least welcome of uninvited houseguests. It can also be hazardous to your health and expensive to get rid of.
Unless you’ve taken out supplemental mold coverage, you’ll get limited assistance from your renter’s, co-op or condo insurance.
‘Most policies either don’t cover mold or put a pretty strict limit on it,” says apartment insurance broker Jeff Schneider of Gotham Brokerage. “Insurers feel they cannot get a handle on predicting losses or charging an adequate rate, partly because when people are sensitive to mold, everything that has been impacted by it has to go, and claims can be huge.”
Standard apartment insurance focuses on mold prevention
Mold problems in New York City apartment buildings typically stem from untreated or unrepaired water damage sustained after a burst pipe, overflowing toilet, or leaky roof or radiator, in addition to conditions like bad ventilation which can lead to build-up of moisture or humidity.
- by Marjorie Cohen | 4/01/13 - 9:45 AM
Photo Credit / TheeErin
Remember back when you pronounced "Houston" Street like that city in Texas, assumed all apartments came with closets and dishwashers, and that coops were homes for chickens?
Maybe you still do.
Whether you are a new or old hand at NYC real estate, chances are you will find this collection of most-frequently asked questions--provided by brokers who work with first-timers--educational, entertaining or both.
1. "When should I start looking? How long will it take?"
"Out-of town renters are shocked at the speed with which deals are made here. Especially in a hot rental market like the one we’re in now," says real estate agent Leslie Hirsch of Brown Harris Stevens. Remember that you should show up to any showing with documentation ready and prepared to sign a lease. It can happen that fast.
- StreetNoiseby Sara Alessi | 4/01/13 - 8:59 AM
- Buyers: 5 tricky co-op board questions to watch out for (Habitat Magazine; previously)
- Get clicking, renters: Here're five reasons to pay your rent online (Roomster)
- “Magic words” that could sell your place faster include "city views," "open kitchen," "oversized windows" and more (Property Shark)
- Not willing to give up Fido to score a NYC pad? Here’s what pet owners sometimes have to do (NY Times; previously)
- Here’s why you might want to ditch your old furniture before putting your apartment on the market (NY Times)
- Bronxites: Want to go green? Score a free tree through April 28 (DNAinfo)
- Displaced Sandy victims to live rent-free for a year, thanks to FEMA, HUD (The Wall Street Journal)
- Investors beware: Queens man was caught in $50m real estate scam (NY Post)
- Not a fan of high-rises? Neither are community leaders in Bushwick (DNAinfo)
- by Lucy Cohen Blatter | 3/29/13 - 2:12 PM
This $2,800 one-bedroom in Park Slope is rent stabilized and across the street from Prospect Park. Not a bad combination.
Pros: Aside from those mentioned above, the apartment seems to be generously sized. Plus there's a washer-dryer in the apartment.
Cons: We're pretty sure this is a walk-up and find it curious that there's no photo of the bedroom. Perhaps it's really small.
No-Fee Rental of the Week showcases an apartment that’s currently on the market and is being offered with no broker fee (otherwise known as the holy grail of New York City rentals). For tips on how to find more no-fee apartments, check out the The 8 best websites for finding a no-fee apartment in NYC and our Guerrilla Guide series.
- by Lindsay as told to Lucy Cohen Blatter | 3/29/13 - 10:51 AM
I lived in the East Village on East Fifth Street and Second Avenue until a month ago when I moved to Carnegie Hill.
My old building was a sixth-floor walk-up, but luckily I was on the second floor. The total rent was $2,750. The bedrooms were decently sized by Manhattan standards -- I could fit my queen-sized bed and a dresser.
But the kitchen, bathroom and living spaces were tiny. The “kitchen” was just an oven, a sink and a mini fridge. We had to buy a small island on wheels just to have space to dry our dishes. The bathroom didn’t have a full-size bath and shower.
I loved the neighborhood, though, and rarely ever left. I never took cabs and would walk everywhere -- both in the East Village and to the Lower East Side.
There were so many restaurants I loved that were within walking distance, like Sauce and The Meatball Shop -- both on the Lower East Side, and Beyond Sushi, an amazing vegan sushi place on 14th Street, where the food is so beautiful we always took pictures of it! We also loved Xi’an Famous Foods, a noodle shop on Saint Marks.
Ultimately I decided to leave because I was moving in with my fiance and we found that the apartments we could afford all had really strange layouts or were really small. We decided to try the Upper East Side because we knew it was more affordable.