A handy online calculator lets rent-stabilized tenants figure out how far a buyout will go
For rent-stabilized tenants, a buyout offer from your landlord is like hitting the jackpot in the great casino of the New York City renting world. But how far will that chunk of change actually take you? The Shalom Tenants Alliance, a tenants' rights group, has put together a handy buyout calculator, which the New York Times spotted this weekend, that lets you calculate how many months of buying or owning you'd be able to afford with your landlord's offer.
Type in the relevant numbers--the offer, your income, your new rent, and so on--and presto, you'll get a breakdown of what you'd be left with after taxes, moving costs, broker's fees and a higher rent.
So your friend who let you crash on his couch while you’re between apartments is strongly hinting it's time to move on? Go to rental website Naked Apartments to see a multitude of places you might actually be able to afford with broker’s fees that top out at 9 percent (instead of the usual 12 to 15 percent). Look at the homes highlighted here in our round-up or search Naked Apartments by “no fee” or “low-fee” for more.
A cast-iron facade is quintessential Soho, but there's more to this downtown hotspot
Stroll through Soho and you'll find cast-iron buildings, cobblestone roads, the occasional celeb and hordes of tourists shopping up a storm. But that doesn't mean this neighborhood is all played out; plenty of New Yorkers still hang their hats south of Houston.
We headed downtown to talk to the people who call it home and got their unfiltered take on the 'hood. Here, in their own words, are the 11 best insider tips.
High-tech smoke alarm maker and recent Google acquisition Nest recently halted sales of all new smoke detectors and is disabling its Nest Wave feature over safety concerns, as the New York Observer and others reported today. The New Wave feature lets users turn off their alarms by waving their hands, which apparently is exactly what some people do when their apartment is on fire. Huh.
Sometimes, the best home improvement is getting a new apartment. Updated kitchens and in-unit laundry are good too. Below, five New Yorkers weigh in on their coveted dwelling fixes.
Laundry closer than the basement I would love to be allowed a laundry unit in my apartment. Who wouldn’t, right? It’s not a huge inconvenience to go down to the basement to do laundry. But once I had to have knee surgery and couldn’t even really manage that! There are people here even older than me. I don’t know how they manage without having to hire help. - Clarice, Hamilton Heights
Barbecue? Check. Grassy lawn? Check. About 1,500 square feet of exterior space? Check. And all that without having to live in the suburbs, in this $3.9 million Yorkville condo.
Temperatures have barely crept out of the 50s for more than a few hours, but that won't stop us from pushing the season. We'd still grab a blanket and brave that stubborn winter chill to lounge on these palatial roof decks, precious balconies and terraces with nonstop sunshine.
Stuffing the comforter back into the duvet cover after washing it has got to be one of the most annoying household chores there is. The makers of the Nova Duvet Cover claim they've got a solution that cuts the time to make a bed by 80 percent.
Want to live in a nice building, but don’t want to shell out more each month for an on-site gym or pool you'll never use? Guest broker Amy Herman of Halstead gives the penny pinchers some much needed advice in this week’s Buy Curious.
THE WISH LIST:
I’m in the market for a newish one-bedroom condo in Manhattan, but I don’t want to pay extra common charges every month for amenities that I don’t want. I’d like a doorman, but I’m not interested in a pool, gym or other fancy stuff. What are my options?
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