Coop

Exclusive Coop for Sale Located in the Trendy Columbia University neighborhood

200 West 108th Street, #14a

$1,250,000 FOR SALE
2 beds 2 baths
Property Type: Coop
Maintenance: $1,827
Pet Policy: Case By Case

Located in the Columbia University neighborhood, Pre-war apartment in excellent condition and a spacious layout.(Approx 1250 sf) high-floor with open eastern and northern exposures. Views overlooking Central Park.

Apartment features pre-war details, a windowed kitchen, Large living room, corner master suite, Spacious 2nd bedroom, 2 full windowed bathrooms, high beamed ceilings and great closet space. This coop has a renovated marble lobby, P/T doorman, new elevators, central laundry, and a live-in super

Just a couple of blocks from Central Park and its many attractions,
Located Close to several subway lines (1/2/3/B/C).

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Co-op / Condo Group Sets Rally to Support Tax-Fairness Bill

Tax Revolt 2012:  By Frank Lovece

It’s a rite of spring, but this year the composer is Stavisky, not Stravinsky. With the New York City Department of Finance issuing its annual property-tax assessments, State Senator Toby Anne Stavisky is again attempting to level the playing field for co-ops and condos. A Queens activist group has thrown its weight behind the measure — urging board members from all boroughs to join in supporting a law to treat co-ops and condos like residential property, and not, as now, higher-taxed commercial real estate.
March 30, 2012 — The value of your co-op or condo is flat compared to last year. It might even be down. In fact, unless yours is one of those multimillion-dollar apartments that always seem to flip for millions more, your place almost certainly hasn’t seen any great increase in its value.Which makes 20- to 50-percent increases, which Bob Friedrich of the Presidents Co-op & Condo Council (PCCC) says the New York City tax department is assessing several Queens co-ops / condos this year, all the more difficult to understand.Except, not really. But whether it’s fair or not is another story.

“It’s counterintuitive that a condo unit you bought for 10 percent more than you could sell it for today has gone up in value,” admits Dept. of Finance spokesman Owen Stone. “But if the rental market is moving up, you’re still going see an increase in the value of your home.”

When a Home Is Not a Home

By “home” he means “co-op or condo,” not single- and two-family homes and townhouses. That’s because under New York State’s Real Property Tax Law Section 581, co-ops and condos are assessed as if they were “comparable” income-producing commercial properties — i.e., rental buildings. And rents generally tend to go up, regardless of what the sales market does.

Full Article Here:

Interview w/ Nancy Chemtob Esq. – Johnathan Miller Housing Helix Podcast

nancy

Johnathan Miller – The Housing Helix

25 Feb 2010 | Interviews, Law, Podcasts

I speak with Nancy Chemtob, a partner with Chemtob Moss Forman & Talbert, LLP a New York City law firm specializing in divorce, family and matrimonial law.  My firm has done a lot of work with Nancy and her partners over the years and admire her approach and candor.  Plus she’s fun to talk with.

The biggest asset in a divorce action is most often the real estate.  The housing market crunch of the past 18 months has played havoc with the divorce process.  What’s most interesting is the fact that divorce attorneys are often at the leading edge of a changing real estate market as their clients deal with the reality of market conditions within their strategy.

Note: I’ve got a new equipment set-up (again) and I am still wrangling with it so my audio track is a bit too loud.  But Nancy makes her presence heard.

Interview Can Be Heard Here