NYC Real Estate Attorney’s Closing Report: December 2016
Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call.
Property | Value | Transaction |
200 Riverside Boulevard, NY, NY | $2,150,000 | Condo Purchase |
360 Cabrini Boulevard, NY, NY | $640,000 | Coop Purchase |
215 Adams Street, BK, NY | $340,000 | Coop Purchase |
310 Riverside Drive, NY, NY | $400,000 | Coop Purchase |
75 Henry Street, BK, BY | $639,000 | Coop Sale |
221 West 82nd Street, NY, NY | $760,000 | Coop Purchase |
555 West 23rd Street, NY, NY | $1,659,000 | Condo Sale |
85 Livingston Street, BK, NY | $625,500 | Coop Purchase |
357 East 57th Street, NY, NY | $629,000 | Coop Purchase |
245 Manhattan Avenue, BK, NY | $995,000 | Condo Sale |
From the New York Times: Lead Paint and Illegal Sublets
In the attached article, the New York Times answers common questions that prospective purchasers may have. The first part discusses lead paint, which is a common feature of many older apartments. Though there are associated hazards, especially in houses with small children, there also ways that those risks can be easily recognized and mitigated.
In the second part, the article discusses the laws and ethics of renting out apartments short-term through sharing services such as AirBnB, which in some cases can be illegal. Prospective users of these services should always be aware of local laws concerning apartment use, as well as their building’s policy on temporary sublets, before hosting.
Details such as these can sometimes appear daunting to prospective purchasers, but remember that your real estate team is here to help–keeping actively involved during the due diligence stage of any purchase is the first step to staying educated about the rules and risks of purchasing a particular condo or coop.