cwh812's Profile

  • C.
  • 2004
  • 2004
  • Brooklyn
  • Prospect Heights
  • Condo
  • Male

Author's Posts

October 11, 2007

Real Estate Taxes

I was wondering whether certain items are tax deductible when buying a new construction condo. Are either the mortgage recording tax or the New York City/State transfer taxes deductible? Thanks for any help.

Author's Comments

This is very interesting. I bet they are renting this place to ride out the (possible)market downturn. Maybe they are hoping there will be more available buyers in a year or so when the banks are recovering from the subprime mess.

I don't think they are going to have too diffcult a time renting. It is a brand new lux apartment in a nice building with lots of living space. Maybe knock a couple hundred off to an even 4K.

I wonder what this place would sell for now?

Posted by: cwh812 at September 21, 2007 12:45 PM in response to Rental of the Day: J Condo Two-Bedroom

I looked at these when I moved 5 months ago. If space isn't too much of a concern go with the real washer and real dryer. These things do not dry well (too long and clothes come out wrinkled as people said above). If space is not too much of a concern and you don't mind spending a little more go with an LG energy efficient washer and dryer. That is what we did and we are happy with the purchase.

Posted by: cwh812 at September 21, 2007 12:51 PM in response to Compact Washer/Dryer

Location is not great. Looked at 647-649 a few months. Apartments were fine but the lower ones look straight at an auto shop across the street and more of the same in the back. Very noisy area. I think that is why some people might be hesistant.

Posted by: cwh812 at October 3, 2007 1:59 PM in response to Condos of the Day: Washington Avenue Doubleshot

Brownstoner and 1:39, You guys might have received an e-mail only last week, but it is obvious that the first poster has some kind of royalty status and got to see them far in advance. "I was presented with these..."

Posted by: cwh812 at October 8, 2007 5:05 PM in response to Condos of the Day: 210 South First Street

Thanks for your help.

Posted by: cwh812 at October 12, 2007 10:42 AM in response to Real Estate Taxes

OK looking building, but I don't see people spending that kind of money in that area. Apartments are nice enough, but that is a few blocks from PLG. Busy intersection and not a great neighborhood does not add up to $500 per foot.

Posted by: cwh812 at October 12, 2007 2:06 PM in response to Brokerage Switcheroo at PLG Condo Project

12:19, I figure this must be a re-sell, not one of the the original sponsor sales, but $1000 a foot seems like a lot. I think the larger apartments are more in the $800-$900 range, but I could be wrong.

Posted by: cwh812 at October 12, 2007 2:15 PM in response to Just Sold in Brooklyn

Reasonable price at first glance, but a 1200 ft place with just one bathroom is strange. Also that bathroom is only accesible from the Master Bedroom. Dealbreaker for me if I was in the market.

Posted by: cwh812 at October 17, 2007 5:32 PM in response to Co-op of the Day: 69 Pierrepont Street FSBO

There are two of those signs. One is is Prospect Heights and the other is in Clinton Hill. Based on the directions this one gives I think this is the Clinton Hill sign when you approach on Atlantic going South/West.

Posted by: cwh812 at October 18, 2007 5:21 PM in response to Thursday Blogwrap

Another point, where is Hot Bird and is it still in business. Obviously they think they are the best BBQ in New York, but they can't be if they are no longer in business.

Posted by: cwh812 at October 18, 2007 5:22 PM in response to Thursday Blogwrap

Responses to Author's Forum Comments

I recently purchased the LG combination washer and dryer for my mother's condo. We decided that since kitchen space was at a premium, she'd be better off with this appliance rather than a dishwasher (so we replaced the dishwasher with the LG combo). It works great. The trick is to wash very small loads, so you'll likely do wash every other day. Also, remove clothes as soon as the drying cycle is complete. Intially, the condo's HOA was up in arms over the installation, but they backed down once they realized that the by-laws/CC&R's did not prohibit the installation or use of this appliance (check first before handing over $1,400 to $1,500 for the purchase price).

Posted by: guest at January 13, 2008 11:25 PM in response to Compact Washer/Dryer

The last option in washer parts is a washer-dryer combo, which washes and dries clothing in the same unit. Washer-dryer combinations don't need to be vented to the outside since they are condensing dryers. They usually also use a regular 110-volt outlet. The downside is that these expensive models can only dry about half as much as they wash, and cycles can take an entire morning. Most reviews say these washer-dryer combinations just aren't worth it unless you have no other option

Posted by: guest at June 7, 2008 7:05 AM in response to Compact Washer/Dryer