Relocating electric meters in coop basement?


I was thinking about asking my building (25 unit coop) if I could buy the space below my apt (I’m on the first floor). There’s nothing there EXCEPT all the electric meters/conduit/etc. Obviously, this is a big obstacle. But, I don’t know if this could be a $5k job or a $50k job… no idea. There are a ton of “ifs” in this whole equation (price of the space, permits, construction costs, building code issues, etc), but if anyone has any idea what I might be looking at, as far as moving the electric for the building, I’d appreciate it. Hell, this may not even be physically possible, or legal. But, if I’m looking at upwards of 25K just for this part, I will most likely can the idea.

Categories: Renovation
By broadwayron | 11/29/2010 2:51 PM | Comment

Banks that give mortgages on co-


..ops with less than 50% owner occupancy?
I know someone trying to buy a [cheap] place (not new construction), but the owner-occupancy is like 48%. For some reason, she can’t find any banks for the mortgage (although she IS pre-approved for a more expensive place). I think this place is asking 350K and it’s in BK (Park Slopish). I said I’d try and help her via the internet, but not much happens googling this subject.
Anyone know of any banks that she should try?

Categories: Mortgage
By broadwayron | 07/12/2009 4:27 PM | Comment