Tuesday, November 12, 2019 / by Vanessa Saunders
Last September we reported on a newly passed law in New York requiring all LLC's purchasing real estate property to reveal the names and addresses of everyone associated with the corporation. The move was intended to root out absentee landlords and owners of one to four family homes whose properties had code violations and other violations.
We wrote a second blog in mid-October reporting how the new law had caused an uproar among NYC real estate brokerages involved in condo sales. (Which is pretty much all of them.)
Celebrities wanting to hide and criminals wanting to hide money would no longer be able to do either. Brokers predicted the end of real estate condo sales in New York City as we know them.
Well, the brokers got their way. On Monday, the Wall Street Journal reported that condo buyers in New York are NOT required to report the names of LLC associates. Somehow, the state dropped the mention of condos on its website explaining the law.
James Gazzale, a state . ...
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Wednesday, October 16, 2019 / by Vanessa Saunders
A bill passed in early September by the NY Assembly which was intended to identify owners of crumbling single family rental units in Upstate New York has had a surprising affect on condo ownership in NYC. And boy, are the condo investors and realtors hopping mad!
The bill, which we reported on here, requires all LLC owners to identify themselves in transactions involving one- to four-unit buildings. The bill was designed to tackle an issue that had little to do with New York City. It was passed after a six-month investigation into code enforcement that focused on cities and towns including Albany, Newburgh, Mount Vernon and Ramapo. The investigation found that problems posed by abandoned homes owned by anonymous LLC corporations were amplified when the owners were unknown.
Apparently lawmakers and real estate investors thought it would simply codify measures already in place in New York City and apply them statewide. But they were surprised to see it interpreted to . ...
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hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley home owners, westchester county, 'urb to 'burb, manhattan, manhattan real estate, one park condos, condos, manhattan coop
Thursday, June 13, 2019 / by Vanessa Saunders
High above the Hudson River with panoramic views of Manhattan and New Jersey, One Park re-defines modern luxury living. This 14-story condominium building is setting a new bar in the luxury real estate market. Owners enjoy the sweeping views through floor to ceiling windows, a glass window wall façade especially designed to incorporate elements of the building’s riverfront location.
Beyond the views, these condominiums with their open living spaces and 50-foot balconies are a paragon of design in residential destination. The eat-in kitchen features a breakfast bar, chefs appliances, and top-of-the-line finishes. It includes Thermador Pro Series stainless steel appliances: a fully integrated refrigerator, gas range and oven, range-top with vented hood, integrated dishwasher and a 24-inch drawer microwave. Polished Cielo Quartzite covers countertops and backsplash over stainless steel under-mount sinks. Custom white lacquer kitchen cabinets are dressed with brushed nickel h ...
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manhattan, new listing, one park condos, new jersey, cliffside park
Thursday, May 30, 2019 / by Vanessa Saunders
High above the Hudson River with panoramic views of Manhattan and New Jersey, One Park re-defines modern luxury living. This 14-story condominium building is setting a new bar in the luxury real estate market. Owners enjoy the sweeping views through floor to ceiling windows, a glass window wall façade especially designed to incorporate elements of the building’s riverfront location.
Beyond the views, these condominiums with their open living spaces and 50-foot balconies are a paragon of design in residential destination. The eat-in kitchen features a breakfast bar, chefs appliances, and top-of-the-line finishes. It includes Thermador Pro Series stainless steel appliances: a fully integrated refrigerator, gas range and oven, range-top with vented hood, integrated dishwasher and a 24-inch drawer microwave. Polished Cielo Quartzite covers countertops and backsplash over stainless steel under-mount sinks. Custom white lacquer kitchen cabinets are dressed with brushed nickel h ...
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hudson valley real estate, housing sales, housing sales inventory, new listing, global investment properties, new jersey, manhattan skyline, one park condos, bergen county real estate, bergen county
