Q. I own a three-family house, and I've been renting one of the apartments to a woman with two children who is separated from her husband. If he moves in, am I entitled to raise her rent? Can I reject the husband? The lease expired and she never asked for a renewal.
A. Usually, you wouldn’t be able to hike the rent simply because another person moved in. However, because the lease is no longer in effect, you have some latitude, our experts say.
In New York, even the smallest of outdoor spaces is worth fighting for.
Given the premium New Yorkers put on our outdoor space—even a particularly roomy fire escape—we can understand why someone would be less than thrilled to have their outdoor access suddenly revoked. But even if your terrace is closed for years, you may have little recourse or compensation. Or at least, that's the upshot from a recent court decision involving a resident of a Brooklyn Heights co-op building.
Real estate brokers in New York City have a reputation for sleaze and sloth. The typical broker tries every trick in the book to show you an apartment you could have found on the Internet, only to hold out her hand for thousands of dollars in commission fees. Right?
Not exactly, as I discovered in my brief career as a NYC rental agent. In reality, the brokerage business is a tough slog, filled with hidden costs, clients who cancel at the last minute, and prolonged haggling over fees that make up the entirety of a broker's income.
In honor of the lazy first week of August—when, fingers crossed, you're lounging on a beach towel instead of hunching over a desk—we'll be running some of our best articles from the first part of this year, in case you missed 'em. If you need to brush up on how to rent, buy, sell, renovate or get a mortgage in this crazy town, now's the time. And, yes, we'll also be running plenty of new stuff. Enjoy!
It’s one of the most gut-wrenching pieces of mail you can get: a foreclosure notice from the bank. But just because your name’s on the envelope does not mean a foreclosure is a foregone conclusion.
"Despite the scary tone of the papers being served, foreclosure is not inevitable—there are many tactics you and your lawyer, if you have one, can employ to gain leverage and negotiate a successful resolution,” says real estate attorney Steven Wagner of Porzio Bromberg & Newman in Manhattan. “I’ve helped negotiate loan modifications, short sales—in which the bank allows you to sell your home for less than the balance of the mortgage—and even succeeded in getting the entire mortgage set aside when it turned out that the lender either submitted fraudulent/robo-signed documents to the court or the documents transferring the loan to the current lender were robo-signed.”
Here are five circumstances that could stop a foreclosure.
With lots of closets and a terrace, this prototype for post-disaster housing looks pretty livable.
My first impression of the three-bedroom on the edge of Brooklyn Heights? It’s airy and light, 800 square feet, with a view of the Manhattan Bridge and One World Trade Center to boot. Somewhat sparsely furnished, it’s outfitted in a crisp, unfussy style that’s modern without being cold. In short, it’s the opposite of what I’d expect to live in if, say, a tornado had just leveled my apartment building.
But that’s exactly what it is: a prototype of an urban post-disaster shelter that could become New York’s answer in the event of another Hurricane Sandy.
Reclaiming their balconies, bathrooms, and their lives. Five New Yorkers share their home improvement dreams:
Wherefore art thou, balcony? My apartment has a Juliet balcony—but the building removed the doors leading out to it and changed them for conventional windows, and now I don’t have use of the balcony. I’d love the get that feature back! It’s a tiny sliver of a space, but I think this feature would make such a huge difference. It would really open up the space and bring in the amazing view. And I’d have room for some potted plants! - Veronique, Hamilton Heights
It's not what you call subtle, but the $80 million two-floor "Dome Penthouse" of the Plaza Hotel--up for sale by its current owner, Tommy Hilfiger--is nothing if not a statement apartment, and includes a balcony overlooking Central Park, as well as access to the Plaza's guest services including maid, valet, and room service.
If there's one thing the rest of us can enjoy about New York's bonkers luxury market, it's trolling the high-end listings for fantasy apartments (or unfortunate decorating choices). And what's a better dream than not only living full-time in a luxury hotel a la Eloise, but snagging the penthouse to boot? We've culled the listings for apartments on the market that'll get you views, outdoor space and bragging rights. They may be just a bit out of our price range, but no harm in browsing, right?
In New York, most of us have lived, currently live or will eventually live with a roommate in order to offset some of the financial burden. While some of us are natural housemates, others may need a little more help. Who are we kidding? Everyone needs more help. Below are a collection of gadgets, services and apps to help make cohabitation as easy as possible.
The Real Estate Survival Guide for NYC Buyers, Sellers, Renters & Dwellers
As New York City's most popular and trusted source of real estate advice, BrickUnderground speaks directly to 215,000 monthly unique visitors seeking solutions to their NYC real-estate and aparment-dwelling needs. read more»