BY JAY ROMANO November 28, 2008 Bathroom Renovations Can Turn Complex Q: I live in a Brooklyn co-op and am renovating a bathroom that has the original tile and fixtures from the building’s conversion in the 1980s. The original bathroom included a light/heat lamp/exhaust fan fixture that we would like to replace with a [...]
BY JAY ROMANO November 20, 2008 A Condo Owner Faces a $1,500 Sublet Fee Q: I have an apartment in a condominium that I have been renting out to a tenant for six years. My condo charges me $1,500 each time my tenant renews the rental contract. Am I stuck with this hefty fee [...]
BY DINA SANTORELLI September 12, 2008 5 Reasons L.I. Real Estate Deals Fall Through Buyers have made an offer; the sellers have said yes. Sometimes, that's not enough. John and Mayra Sassano of North Massapequa still remember the "crushing" blow of losing a home they put a bid on nine years ago. "We spent [...]
Q&A: Paying Moving-Out Fees in a Rental in a Condo July 18, 2008 Q The building that I live in is a condominium, and I rent from the owner of the apartment. My lease is up and I will be moving. I was just informed that I have to pay $150 to move out. Is [...]
Q&A: Paying for the Elevator March 23, 2008 Q We own a condominium in a 10-unit building. The elevator needs a major overhaul, estimated to cost about $50,000. We live on the first floor and hardly use the elevator. Why do we have to pay for something we do not use? A Lior Aldad, a [...]
Installing a ‘Banned’ Washer September 16, 2007 Q I’ve bought a co-op in a building that was converted in the ’70s and still has rent-stabilized tenants. Our proprietary lease prohibits washing machines, except for renters who had them before the conversion. I have a small, energy-efficient portable machine that I bought before [...]
How Long Must a Co-op Deal Wait? March 11, 2007 Q Are there any rules regulating the length of time it takes a co-op board to act on a buyer’s application to buy an apartment? It has been over a month since the board package was submitted and two weeks since the board [...]
Cleaning Fireplace Flues in a Co-op February 20, 2005 Q: I live in a co-op building in which several apartments have fireplaces. Are there any general rules or guidelines as to who is responsible for cleaning the fireplace flues, the co-op or the shareholder? --Aino Jonah, Forest Hills, Queens. A Lior Aldad, a [...]
The six story elevator apartment building with 2 retail stores and 40 apartments at 1646-50 Pitkin Avenue in Brooklyn also known as 79-93 Bristol Street was sold. Built in the 1940's, this art deco corner property, located on a main retail thoroughfare offered the purchaser tremendous upside with existing monthly apartment rents averaging only $550. [...]
Pine Equity's `flipping' draws suits; foreigners are left unprotected May 2002, By Tom Fredrickson Like so many others, Ofer Resles and Oren Yarushalmy came to New York looking for business success. They realized their goal and then some. Through a company called Pine Equity NY Inc. and a sister company in Israel, they [...]
