Michael Zadjelovich, a partner here at Weidenbaum & Harari, has been meeting with agents in the past few weeks to give lectures on Combined Units.
“Purchasing and Selling a “Combined” Unit in NYC: Twice as Nice or Double Trouble” is a talk that focuses on the potential issues that may arise when a condo or co-op unit being purchased or sold was previously 2 or more separate units. The goal is to teach agents 1) how to identify a combined unit and 2) how to tell if the proper steps were taken to ‘legally’ combine it (both from the building’s requirements as well as the city’s DOB requirements). Further, the talk discusses how to get past common roadblocks and issues (if the unit is NOT properly combined) and creative ways to keep a deal alive and get it safely to the finish line while managing expectations of all parties involved.
So far, Michael has spoken at The Corcoran Group, Warburg Realty, and Oxford Property Group. With plenty of great feedback and more talks scheduled for October, be sure to keep an eye out on our blog and email us if you are interested in having this talk at your office!