relocation package: Manhattan, New York City Relocation Package - 02/26/08 09:44 PM

RELOCATION PACKAGE
Manhattan, New York City Relocation Guide Manhattan Living: Brownstones to Glass Mansions in the Sky Manhattan Relocation: Helpful Tips, Links and Contact Information Relocation Guide: Time Line For Purchasing A Manhattan Home Relocation Guide: Understanding (and loving) Manhattan New York Apartment Terminology A-Z: A Consumer Guide NYC Room Count: A Consumer Buyers Guide New York City Building Terminology Co-ops vs. Condos: Understanding Manhattan Housing The Co-op Board Interview: Tips to Help Pass a Coop Board Interview Manhattan Coop & Condo Restrictive Covenants Aztec Recognition Agreement
FAQ About Manhattan New Developments Manhattan Selling "AS IS" Manhattan Closing Costs for … (16 comments)

relocation package: Manhattan Closing Costs for Coops and Condos - 02/26/08 04:46 PM
COOPERATIVE APARTMENTS CLOSING COSTS FOR THE SELLER:
Broker NegotiableAttorney $1,800.00 and upCo-op Attorney $450.00Flip Tax 1% to 3% of price (if applicable)Stock Transfer Tax $.05 per shareMove-out Deposit $500.00 -$1000.New York City Transfer Tax 1% of price up to $500,000,plus $25.00 recording fee, and 1.425% of price over$500,000.New York State Transfer Tax $2.00 per $500.00 of sales priceBank Attorney Fee $300.00UCC-3 Filing Fee $20.00
FOR THE PURCHASER:
Attorney $1,800.00 and upBank Fees (if applicable):Points 0 to 3% of loan valueApplication, credit check, etc. $400.00Bank Attorney $450.00UCC-1 Filing Fee $20.00Short Term Interest One MonthMove-in Deposit $500.00 -$1000Recognition Agreement Fee $200.00Lien Search $250.00Maintenance … (9 comments)

relocation package: Relocation Guide: Time Line For Purchasing A Manhattan Home - 02/17/08 05:42 PM
 
Time Line Guide For Purchasing
1. Mortgage Pre-Approval:
Typical Time frame: 30 minutes - 2 hoursYou must know how much you can spend before you spend it. Condominium apartments require at least 10% down; cooperatives generally require at least 25% down. However, every building is different. Go to this web site to get pre-approved and start the mortgage process.
2. Find an apartment:
Typical Time frame: 3 - 6 months before closing.Depending on what you are looking for, the length of your search will vary. The average person sees 10 - 25 apartments before deciding on one. Viewing apartments on-line can save … (11 comments)

relocation package: Relocation Guide: Understanding (and loving) Manhattan - 02/16/08 03:16 PM
 
Before you come to love Manhattan, you must understand our peculiar housing market. Manhattan is a unique place in the real estate universe. Not only does it have a large rental market (75% of the available housing units vs. about 5 - 10% in other markets), but it has ownership and other important differences that are often puzzling to newcomers.
70% of Home ownership in Manhattan is in coop apartments. The rest are condos, condops and townhouses. Most new construction developments are condos. Most pre-war apartments are co-ops. Manhattan apartments are either pre-war (WWII) or post -war (modern.) Most Townhouses or … (15 comments)

relocation package: Manhattan Relocation: Helpful Tips, Links and Contact Information - 02/02/08 09:29 AM
New residents in New York City may be overwhelmed by the vast array of public services and municipal structure that they find upon arrival. The following information is a general guide for new New Yorkers who are trying to get settled.
Driver's licenses
For on-line instructions visit http://www.nydmv.state.ny.us/.
To register a vehicle for the first time or change registration
Bring the following to your local Motor Vehicle office:
Completed registration/title application Proof of ownership Proof of insurance in the registrant's name Proof of inspection Sales tax clearance Proof of registrant's name and date of birth If the registrant is not the owner … (19 comments)

relocation package: Manhattan, New York City Relocation Guide - 01/28/08 08:37 PM
Manhattan neighborhood index for folks relocating to Manhattan.
The Upper East Side:

The Upper East Side has been considered Manhattan's most prestigious residential neighborhood covering the East of Central Park to the East River, and from 59th Street at its southern boundary to 96th Street at its northern boundary.
While the most coveted, prewar homes on Fifth and Park Avenues are beyond the financial reach of all but the wealthiest New Yorkers, there are also surprisingly good values that abound nearby. There are exceptional values in all ranges of housing from post-war hi-rises to brownstones, and from rental to coop/ … (22 comments)

relocation package: Co-ops vs. Condos: Understanding Manhattan Housing - 02/13/07 08:18 PM
Understanding Cooperatives and Condominiums
CO-OPS - Manhattan's Primary Housing Style
Co-ops (short for "cooperatives") are apartments buildings owned by a corporation. Individual tenants do not own their apartments in exactly the same way that they would a condominium or home. They actually own shares of stock in the corporation. These shares are apportioned based on the size and floor level of their apartment, and ownership is established by a stock certificate and occupancy is governed by a "proprietary lease". The corporation pays all real estate taxes, maintenance expenses, and the underlying mortgage on the building. The co-op owner's portion of the … (7 comments)

relocation package: Apartment Room Count: A Consumer Buyers Guide - 02/13/07 10:14 AM
Room Count Guide:
Below is the recommended method of residential room count found in the Residential Guide devised by REBNY's Residential Brokerage Division. (Real Estate Board of New York)

 Qualified Buyers click here to receive listings by email
Manhattan Relocation Package:
Manhattan, New York City Relocation Guide Manhattan Relocation: Helpful Tips, Links and Contact Information Relocation Guide: Time Line For Purchasing A Manhattan Home Relocation Guide: Understanding (and loving) Manhattan New York Apartment terminology A-Z: A Consumer Guide NYC Room Count: A Consumer Buyers Guide New York City Building Terminology Co-ops vs. Condos: Understanding Manhattan Housing THE CO-OP BOARD INTERVIEW: Tips … (2 comments)

relocation package: New York City Building Terminology - 01/31/07 08:49 AM
(0 comments)

relocation package: New York Apartment terminology A-Z: A Consumer Guide - 01/27/07 12:37 PM
New York Apartment terminology A-Z
Alcove: an area adjoining the living room which can be used for a dining area or be separated or closed off to make a bedroom, den or office.
Classic: in a pre-war building, an apartment which has a formal dining room, and, in a larger apartment, one or two maids' rooms. A "classic six", for example, is a six-room apartment in a pre-war building that has a living room, formal dining room, two bedrooms, kitchen, maid's room, and 1, 2, or 3 baths. In the larger classics, it is common to find the smaller maids' rooms … (11 comments)

relocation package: The Co-op Board Interview: Tips to Help Pass a Coop Board Interview - 08/25/06 01:23 PM
A co-op is a form of home ownership that is different than owning real property such as a condo or a house. In a coop each unit is allocated shares. The purchaser buys the shares in the housing corporation. Co-ops are corporations with a board of directors and shareholders. Coops are unique to NYC in the fact that approximately 75% of our properties for sale are co-ops.
When a co-op rejects a purchaser many people are affected. Not only the buyer. The brokers do not get paid. The sellers who have a deposit on a new home might have to forfeit their deposit. … (10 comments)

 
Mitchell J Hall, Lic Associate RE Broker - Manhattan, NYC (The Corcoran Group) Rainmaker large

Mitchell J Hall

Lic Associate RE Broker - Manhattan, NYC

Manhattan, NY

More about me…

The Corcoran Group

Address: 2253 Broadway, New York, NY, 10024

Mobile: (917) 312-0924

Office: 212-877-6268

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog