The Real.Est List
Ask an Expert: What could be causing my plaster wall to bulge?
by Teri Karush Rogers | 4/16/13 - 2:41 PMQ. The plaster in the middle of my living room wall started bulging a little where it backs up against my shower.
What could be causing it? How concerned should I be? Who is responsible for fixing it--me or my co-op?
A. A leak is almost certainly the cause, say our experts, and the first thing you must determine is its source.
"With plaster, the water will just sit and cause the bubbling you are seeing in your wall," says Alex Ushyarov, a general contractor and the co-founder of home improvement website Click and Improve.com. "A plaster ceiling, on the other hand, will eventually give in and the portion of the saturated plaster will fall."
The StreetEasy Hot Dozen: 12 rentals that may or may not be available by the time you read this
by Alex Hughes | 4/16/13 - 1:07 PM
This tiny lofted studio at West 20th Street and Eighth Avenue is only $1,500 a month, but you'll have to share the bathroom.
There are highs and lows in this week's Hot Dozen--the 12 rental apartments Streeteasy.com visitors clicked on most often over the past seven days. Among the lower-end apartments are single room occupancy studios in the $1,000 per month range, and on the high-end an over-$7,000-per-month three-bedroom on Central Park West.
A compact, lofted $1,500 studio (pictured) at 20th Street and Eighth Avenue (another hip and convenient neighborhood) is a single room occupancy unit in a townhouse. Again, utilities are included and pets are allowed (if you can find room for one), but note that this apartment features a communal bathroom, shared with two other tenants.
- Sponsored by Braverman Greenspun
The Board Room: New York City condos wake up to the high price of absentee ownership
by Robert Braverman, Esq. | 4/16/13 - 11:32 AMInvestor demand has helped fuel rising condo prices, but many New York City condo boards are waking up to the fact that a bumper-crop of absentee owners--many of them investors--can be hazardous to their building’s health.
In the buildings where I am the legal advisor to the board, the tipping point occurs when at least 20-25% of units belong to owners who rent out their apartments when they’re not using them, which is most of the time.
The effects are broad enough and consistent enough that I expect to see some condominiums push to create cultures more akin to that found in co-ops, particularly with regard to the implementation of more restrictive rental policies.
10 things to consider before buying a brownstone
by Leonora Desar | 4/16/13 - 8:55 AM
Photo Credit / lusterbr
We've already touched on some of the considerations when buying an apartment IN a brownstone -- issues such as noise (since brownstones often weren't intended to be divided the way they are); chimney, fireplace and overall structural problems; and the general upkeep required.
If fractional living isn't your thing and you're looking to buy an entire brownstone, here are some things to consider first.
1. Upkeep and responsiblity
A brownstone is a more hands-on investment than any other property, warns real estate agent David Schorr of Heddings Property Group.
Unlike a co-op or condo, “If anything goes wrong with the property it’s the owner’s responsibility to get on the phone with the contractor or electrician,” says Schorr. “You can’t just call up your super and say I’ve got a problem.”
5 real-life real-estate dealbreakers you probably never thought of before
by Roland Li | 4/15/13 - 2:16 PMIt's no secret that New Yorkers have very specific tastes. Just listen to one order a Starbucks coffee, or a meal in a restaurant (substitutions much?).
So maybe we shouldn't be surprised to hear how specific some New York City apartment hunters can be about their wishes and requirements.
That said, below are five dealbreakers we wouldn't have seen coming.
1. Passing the plumbing test
While working with a client recently, real estate agent Corlie Ohi of Citi Habitats was caught off guard when her client asked if he could shower in a seller’s bathroom on East 61st Street.
The Open House Scorecard: A 7-digit weekend
by Sara Alessi | 4/15/13 - 11:24 AM
Though it's on the pricier side, one advantage to this $2.595m three-bedroom, two-bathroom condop on the UWS is that no board approval is necessary. Might just be worth the splurge after all...
Forget the six-digit deals.The majority of the apartments that made the Open House Scorecard--the 10 open houses StreetEasy users saved more than any others this weekend--ring in at over a million bucks, in some cases way over $2 million.
A well-renovated three-bedroom, two-bathroom condop on West 82nd Street and Broadway on the Upper West Side is on the market for $2.595m and doesn’t require board approval. The prewar apartment features new windows, custom closets and a multi-zone audio system with keypads throughout. The kitchen has a center island, SubZero fridge, Wolf range, as well as marble countertops. The third bathroom is currently being used as a powder room with a laundry room, but can be converted back into a full bathroom. The doorman building has a children’s playroom, roof deck, and live-in super.
- Sponsored by Regosin, Edwards, Stone & Feder
Why you might want to buy your next place under an LLC—even if you’re not famous
by Adam H. Stone, Esq. | 4/15/13 - 10:08 AMEven if you’re not a celebrity, there are a few great reasons to consider buying or refinancing your apartment under the name of an LLC (limited liability company) rather than your own. There are also a few drawbacks.
Here’s what you need to know going in:
Privacy at home—and at work
It’s very difficult for the innocently or not-so-innocently curious to unearth the amount you paid for your apartment unless they have the name of your LLC or your exact address, which is one reason why celebrities and other well-known folks have been purchasing under LLCs for years.
Also, buying under an LLC makes it nearly impossible to find out where you live by searching public property records for your name.
But it’s not just celebrities using LLCs these days.
- StreetNoise
How to survive your neighbor's renovation, rainy day apartment photos work best, and more
by Sara Alessi | 4/15/13 - 8:58 AM- Here’s why you should wait for a rainy day to shoot those apartment photos (Gothamology)
- How to survive your neighbor’s (sometimes destructive) renovation (NY Times; previously)
- Brooklyn rents are rising twice as fast as Manhattan's--but still lots cheaper by the square foot (The Elliman Report)
- The right retail tenant on the ground floor of a co-op could mean you live maintenance-free (NY Times)
- Got kids? 2,361 NYC kids on kindergarten waitlist in Queens, Greenwich Village, Brooklyn (DNAinfo)
- Real estate titans really don't like it when you write bad things about them (The Real Deal)
- Your co-op/condo board could be enforcing rules that don’t actually exist (Habitat Magazine)
- The ins and outs of conversions (real estate, not religion) (NY Magazine)
- Would-be Brooklyn renter tries rhyming his way into an affordable rental (CurbedNY)
No-Fee Apartment of the Week: Large $4,500 one-bedroom in Midtown
by Lucy Cohen Blatter | 4/12/13 - 2:29 PM
This no-fee $4,500 corner-unit one-bedroom in Midtown rings in at 800 square feet.
Fifth Avenue between 38th and 39th Street may not quite be the Fifth Avenue address of your real estate dreams, but this $4,500 corner-unit one-bedroom has plenty of amenities that might just make up for it.
Pros: The apartment is a corner unit, so it's large — over 800 square feet. The kitchen is new and there are lots of windows. Plus, the building has a doorman, concierge, roof deck, gym and pool.
Cons: Despite the congested-and-a-little bit-gritty neighborhood, the price tag is high for a one-bedroom. Plus the apartment, to us, has a bit of a cookie-cutter feel.
Williamsburg to Fort Greene: From party central to a place worth staying in
by Hirondelle Chatelard as told to Mayra David | 4/12/13 - 10:59 AMThere was an accumulation of things that pushed us out of Williamsburg. Not to sound like a hipster pretending to be a wizened Brooklynite a la “I remember back in the day…” but the street we lived on--Berry Street--did go from deserted to nightlife-galore in one short year.
The record store below us in the building played regular concerts, on the corner of our block they opened a wine bar, and then there was the whisky bar that opened literally right below our window.
We were eavesdropping on too many smokers’ conversations and partaking in too much secondhand smoke coming into our apartment. It was affecting our sleep patterns. In short, living there wasn't pleasant anymore. We were over-saturated with the Williamsburg hipster vibe.
Then there was also the fact that we were getting sick of our apartment itself.
StreetEasy's Most Wanted: Work from home. Or don't!
by Emily Feldman | 4/12/13 - 8:58 AM
The standing loft area in this $1.495m two-bedroom Gramercy Park condo can be used as a home office.
An extra bedroom, when not needed for the purposes of sleeping, opens up a whole slew of possibilities, and many listings in the Most Wanted--the top 10 sales listings saved most by StreetEasy users this week--point that out.
The listing for a $599k Park Slope 1.5-bedroom, 1 bathroom condo notes that the "large second room" can also make for an ideal home office or work studio. Its location in the apartment, tucked in a corner near the kitchen and far from the master bedroom and the temptation of napping, may lend itself to the work-space designation.
If more than two bedrooms are essential, consider this three-bedroom condo on the market in Park Slope for $889k. The listing cuts right to the chase: "This apartment offers a gorgeous living room, one full bathroom, two large bedrooms, and an additional den/study/guest room." The condo occupies the building's entire floor and comes with a washer and dryer, which means, if you plan on using the third bedroom as a home office, you'll have very few excuses to leave.
Real Estate Want: Private roof oasis with temperature control and retractable walls
by Julie Inzanti | 4/11/13 - 2:52 PM
This NoHo penthouse comes with a 1,200 square foot private roof oasis — oh and the rest of the place is just as amazing.
This is not hyperbole: Our mouths were actually agape as we pored over the photos of this 4-bed, 3.5-bath $8.5 million Bond Street penthouse.
Not only are there seven skylights (all electronically controlled and shaded) 14-foot ceilings, a floating glass staircase, bespoke Italian Murano glass light fixtures...but there are TWO home offices.
There's no doorman, but how we can complain, really, when there's a 1,200-square-foot private roof oasis with trees, mood lighting, a Wolf BBQ, a dumb waiter, and a temperature controlled sunroom with retractable glass doors for year-round enjoyment.
Nice.
Real Estate Want is a weekly column featuring New York City apartment details we're coveting right now.
Rent Coach: Can I advertise my apartment for rent to non-smokers only?
by Mike Akerly | 4/11/13 - 12:51 PMQ. I own a condo in the city that I intend to rent out when I move out of it next month. I really don’t want the tenant to smoke in the unit but I also want to make sure I comply with fair housing laws.
Can I advertise it for rent specifically to non-smokers only?
A. Yes. Fair Housing Laws (local, state, and federal) are indeed intended to protect prospective tenants from discrimination by landlords. Landlords may not refuse to rent to or negotiate with a person based on that person’s inclusion in a protected class.
The Federal Fair Housing Act prohibits discrimination in housing based on someone’s race, color, religion, sex, national origin, disability or familial status. The NYC Human Rights Law expands the scope of prohibited discrimination to include gender identity, creed, disability, sexual orientation, marital status, partnership status, citizenship status, lawful occupation, and whether or not children will be residing in the property.
Smokers, however, are not a protected class under any of these laws, and, thus, you can express a preference for a non-smoker.- Hell's Bitchen
Tenth is the new Ninth
by Kelly Kreth | 4/11/13 - 10:31 AMIn 2000, I moved from New Jersey to Hell's Kitchen (for the first time). Everyone raised their eyebrows when I told them that I lived there, on Ninth Avenue, because Hell's Kitchen conjured images of old Irish, drug deals and prostitution.
The truth was somewhat different. While I did live over an OTB (remember those?) and there was still a sort of sketchy element, there were also small art galleries popping up, some gay bars and some tony eateries -- all signs of the g-word: gentrification.
Within a few years, my favorite supermarket across the street from my building disappeared to make way for a high-rise luxury building. On my corner, the Alvin Ailey dance building appeared.
In those days, I would try to avoid Tenth Avenue, especially at night because it seemed sketchy and wasn't highly trafficked because there were no popular eateries or places of business there. The few nights I did take the bus up Tenth and exit on 53rd and Tenth, the block and a half walk seemed to take forever.
- StreetNoise
The best NY real estate investments from $100k-$1b, a folk remedy for bed bugs and more
by Lucy Cohen Blatter | 4/11/13 - 9:02 AM- Have $100k, $1m or $1b to spare? Here are the smartest investment bets in NYC real estate right now (The Real Deal; previously)
- (The secret to getting rid of bed bugs may lie in a folk remedy involving bean leaves (NY Times)
- Where to buy a vacation home when money's no object but time is (UrbanBaby)
- Cookie-cutter rebellion: Converted firehouses, clock towers and the like (NY Mag)
- Frustrated parents call Williamsburg a no-nap zone (DNA Info)
- This season, watch the spotlight-loving brokers of "Million Dolllar Listing New York" try to sell apartments during Sandy (Access Hollywood)
- Want a broker who'll also help do your taxes? Head to the outerboroughs (NY Times)
- To avoid being duped, ask to see your broker's real estate license (NY1)
- NYC vacancy rate at a two-year low; rents up for all apartment sizes (The Elliman Report)












