It’s been less than ten years since New York mandated that co-op sales be made public record. And not surprisingly, many people who are buying high-end apartments do not want their purchase history and identities available for just anyone to see on StreetEasy. New York Magazine's S. Jhoanna Robledo reports that “lately, high-end buyers think they’ve found a new way to be discreet. They are asking co-ops to break a long-standing rule and allow them to buy under corporate entities, typically LLCs, to maintain their privacy.” One reason co-ops have traditionally balked is that if “maintenance is overdue, collecting from a corporate entity can be tricky.” But, as the article notes, the co-ops are now competing with the “chic” buildings built during the past decade, which are condos and typically don’t mind corporate purchases. (NY Mag)
Condos may welcome corporate buyers, but brothels? Not so much. A reader asks The Cooperator what measures a condominium board can take if an owner’s tenant is using a unit as a brothel. Among other measures, says a lawyer, the board should file a lawsuit against the condo owners, even if they're not involved with the brothel. "A court of law will more likely than not find these unit owners guilty of facilitating and promoting prostitution and these unit owners may face a jail sentence and be evicted from the building.” Memo to condo owners: Vet your prospective tenants wisely! (Cooperator)
Has the dreary weather left you feeling rather chilly? October 1 marked the beginning of “heat season” 2010, and New York City issued a press release reminding landlords of their obligations. Is your landlord ignoring the City’s dictates? “’We want to be sure New Yorkers know their rights, and if their landlords aren’t taking action to provide heat, they should call 311 to notify HPD and our dedicated staff of inspectors who are here to help.” (NYC.gov)
CurbedNY finds the "ultimate bachelor pad" in Tribeca, listed at a “manly $5.95 million.” They’d “call this 4,000-square-foot loft at Tribeca's 71 Murray Street the ultimate mancave” but for all the windows. It even sports a terrace for outdoor fun. (CurbedNY)
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