coops: Bush's Mortgage Plan could be a Boon for NYC Co-ops - 02/14/08 07:03 PM
President Bush's plan to relieve mortgage debt could be a boon to NYC co-ops. The Mortgage Forgiveness Debt Relief Act of 2007 will allow co-ops to raise rents for their retail tenants, which could bring in more money to pay for staffs, and capital improvements and can lead to reduced monthly maintenance … (2 comments)

coops: Coop Rights Bill: Update - 06/27/07 04:15 PM
The NY Sun reported about the bill that would affect coop boards that has long been stalled is now getting support from law professors.The proposed law would require coops boards to put in writing their reason for rejecting a purchaser applicant from their coop. There is still opposition saying the law … (3 comments)

coops: "Recent Sales Information" Now On NYC's Department of Finance Website - 06/02/07 06:39 PM
Last August, a state law went into effect allowing the city to make co-op sale prices available to the public. I wrote a blog about the new transparency Coops sale prices public record. I've also wriiten several times about ACRIS the city's Automated City Record Information System. While it is great that … (2 comments)

coops: Transparency and Accountability in NYC Coops? I hope so it is the 21st Century - 04/24/07 11:25 PM
One of the first blogs I ever wrote was last July about a new law that would make the once secret Co-op sales prices public for the first time under a bill by the Albany legislature. The bill was awaiting signing by Governor Pataki and was strongly supported by Mayor Bloomberg.
When the law passed I wrote … (5 comments)

coops: New Construction Resales - A REAL DEAL! - 04/08/07 07:39 PM
New Construction Resales in Manhattan -  Save Thousands of Dollars in Closing Costs
Seller Pays New York City and NY State Transfer Tax except when Buying from a Developer/Sponsor.
If you're looking to buy new construction you might save thousands of dollars by buying a resale in a brand new building. When a buyer purchases a condo … (1 comments)

coops: Foreclosures? 100% Financing? Sub Prime? NIMBY - 03/16/07 01:59 AM
Foreclosures? 100% Financing: NIMBY: Not in my Backyard - It's a BULL Market!Manhattan is an island.  There has been much media attention including some great blogs from activerain members like Brian Brady. Many of the headlines are negative some predicting a slow down in the economy the stock market has already … (31 comments)

coops: Manhattan Neighborhood Market Report: CHELSEA Real Estate Buyers Guide - 02/27/07 02:01 PM
Chelsea "HOT" real estate market - "COOL" Neighborhood
Chelsea is located between 34th Street and Greenwich Village on the West Side. Chelsea is largely a residential area with a varied mix of high-and mid-rise buildings, brownstones and industrial lofts. The architecture in this area is unique. East of Ninth Avenue, the … (49 comments)

coops: How Much Is That View Worth To You? - 08/29/06 01:23 AM
       
In May 2003 a study was conducted by Michael H. Schill, director of the Furman Center for Real Estate and Urban Policy at New York University; Jonathan Miller, president of Miller Samuel, millersamuel.com a leading Manhattan appraisal company; and Ioan Voicu, a research fellow at the Furman Center. nyu.edu
The study looked at Manhattan … (3 comments)

coops: The "Flip Tax" Creative Financing or a Coop Cop Out ? - 08/27/06 07:42 PM
The flip tax is a transfer fee that many new york coops and condos impose on shareholders and owners. In the  early 80's when many rental buildings converted, huge profits were being made by former renters who bought their units at inside prices and then resold them. Called "flipping" The boards decided … (18 comments)

coops: Understanding (and loving) Manhattan - 08/16/06 01:06 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 … (2 comments)

coops: NYC Coop Law brings Manhattan Real Estate into the 21st Century - 08/12/06 12:51 AM
There have been lots of blogs and press about ACRIS Automated City Record Information System displaying coop sales records online. Everything from secret plan for the city and state to impose mortgage taxes from appraiser [MillerSamuel] to Jerry Seinfelds signature on a UCC- form. [Gawker]
I've been using  ACRIS  for a couple of years for … (0 comments)

 
Real Estate Agent: Mitchell Hall, Associate Broker, New York, NY (Coldwell Banker Previews International)
Mitchell Hall, Associate Broker, New York, NY
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