cmu - that seems like a reasonable price for the neighborhood, but unfortunately it's above our range!

sharpq - i'll be in touch! thanks.

Posted by: h_t at September 29, 2009 2:49 PM in response to Tenancy in Common

My partner and I have been renting in Park Slope for 7 years and we've also been discussing trying to do TIC in the neighborhood. sharpq - how much would you be looking to spend on a building. and cmu - how much are you selling your duplex for?

Posted by: h_t at September 29, 2009 2:23 PM in response to Tenancy in Common

h t- Email me at sharpg@live.com so we can discuss. Thanks.

Posted by: sharpg at September 29, 2009 2:28 PM in response to Tenancy in Common

h_t: I'm beginning to think I got a low appraisal! But my ad said 740k for 45% share. 2 floor, 2 bath, 1400 sq ft.

You don't need LLC except for personal liability reasons, which may be chimerical anyway. TIC can be a private agreement between 2 or more.

Posted by: cmu at September 29, 2009 2:45 PM in response to Tenancy in Common

cmu - that seems like a reasonable price for the neighborhood, but unfortunately it's above our range!

sharpq - i'll be in touch! thanks.

Posted by: h_t at September 29, 2009 2:49 PM in response to Tenancy in Common

why not find a first floor condo/coop with backyard outdoor space, or something similar with a deck or rooftop deck?

we have a 2000 sq foot condo with a backyard, a deck and lower level patio, and is more yard than some with brownstones get. We only looked at condos with outdoor space and found tons.

Also, couldn't you find a ground floor or parlor floor coop with outdoor space? Have 2 different friends that bought coops that included the backyard.

Posted by: wine lover at September 29, 2009 3:06 PM in response to Tenancy in Common

wine lover- We would only want a yard, but have found that the interior space is usually too small for 4 people. It's been struggle... we've been looking since February.

Posted by: sharpg at September 29, 2009 5:55 PM in response to Tenancy in Common

DO NOT DO THIS
YOU WILL GET SCREWED!!!

Posted by: Ben Gazi at September 30, 2009 11:14 AM in response to Tenancy in Common

I'm interested in Selling my TIC ownership in a 4 story Brownstone in Stuyvesant Heights, Bed Stuy. It is located on Decatur Street between Lewis and Stuyvesant Ave (One of Best Most Sought After Blocks). You can own Upper Duplex with complete Roof Rights. Convert to Duplex for one family or rent out one floor and live on the other floor. Currently the top two floors are set up as separate apartments. Close to Utica Ave A. Around the corner from Peaches Restaurant and Breadsty Coffee Shop. Cash Deals only. Looking to get $450K.Your share of Current carrying charges for building is about $1200 per month (includes heat, small mortgage, taxes).. Houses on this block sell for $950K and up...

Any interest???

Posted by: Oldlady at October 1, 2009 7:40 PM in response to Tenancy in Common