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Manhattan NY Condo FAQ: Can I renovate my Manhattan NY Condo?

Manhattan NY Condo FAQ: Can I renovate my Manhattan NY Condo?

The quick answer is Yes.  You can certainly renovate your Manhattan New York Condo. The long answer is that it’s not going to be as easy as you may think and certainly going to cost more than what you could do in a more suburban environment.

Now that you are a condo owner, you have to live within the by-laws the building has adopted.  One of those by-laws concerning a renovation is that any person you hire to come in and do work must be licensed, bonded and insured.Because work you are performing to your Condo could possibly effect another condo, the contractor you use has to be authorized by the building to perform the work.

Another large factor involved is that any work to the condo apartment typically has be be authorized by the building management and condo board.  If you are renovating your bathroom or remodeling the kitchen where the plumber will be tapping into the building’s plumbing systems before you do any of the work, you will submit an alterations agreement to the building to make sure the work you are doing isn’t going to negatively effect other apartments.

This process of getting your renovation authorized by the building can take some time, especially if you need permits from the city of New York.

If you are remodeling your house the worker’s can start very early in the morning and stay late into the evening if you want them to.  Not in a Manhattan condo building. There will be building work hours, typically between 9-5pm, Monday through Friday. The limited hours will add to the amount of time it takes to finish a project.

Don’t be surprised if the cost to do what you may think is a simple renovation is more expensive than what you expected.  The labor costs here are much higher than anywhere else.The key aspect to renovate big or small your Manhattan apartment is to work with an experienced general contractor who has a lot of experience working in Manhattan apartment buildings.  Who understand how to process the paperwork, who knows how long and how much a renovation is going to cost.  We work with a number of different contractors who have such experience depending on the type of project you want to undertake.

Because renovations are not as easy as you’d think, that is why there is such a premium price for fully renovated turn key apartments in the city.  Completely unrenovated ore estate condition apartments typically sell at a discount because renovating them is not as easy as you’d think.  If you are looking for an apartment to renovate be prepared to undertake the project or hand it off to an experienced contractor.

242 East 25th Street Gramercy Studio delight

Studio buyers and investors: THIS IS YOUR OPPORTUNITY! Newly built Downtown Starter Alcove Studio with a competitive priced to sell. Recent 2005 construction, flexible sublet policy, condop (co-op with condo bylaw), investor friendly(Unlimited Sublet Policy), beautifully designed with granite kitchen countertop, open kitchen, washer and dryer in each apartment, roof deck, fitness center…!, Pet Friendly, Parents buying for Children are allowed. Call today to schedule a private appointment.

Manhattan Condo investment Under $500,000 USD

Manhattan Condo investment Under $500,000 USD is a popular request We receive several phone calls a day from investors and first time home buyers looking for properties under $500,000 USD.  Savvy buyers are on the market right now looking for a condo as their long term investment. Our team is active on the market and have a list of the best Manhattan Condos within that price range if that is what you are looking for.

Manhattan Condo investment Under $500K-Midtown Park Avenue Studio condo $499,000. (Rental value range $1,800-$2,150)* Approximately 500 Square foot, full time doorman building with pre-war details. This building is situated in the Midtown of Manhattan, conveniently located near all major subway stations and transportation. (monthly combined common charge and Real Estate taxes are approximately $900.)

Manhattan Condo investment Under $500K – Kips Bay recent construction Studio Condo $498,000. (Rental value range $1,650-$1,900)* Approximately 450 Square foot. Full time doorman concierge building. Health club, residents lounge, roof deck and laundry every floor. This particular apartment also features Empire States Building view. (monthly combined common charge and Real Estate taxes are approximately $850)

Last Manhattan Condo investment Under $500K-Grand Central station neighborhood Studio Condo $425,000 (Rental value range $1,800-$2,200)*CURRENTLY TENANT OCCUPIED FOR $2,200. This condo is located in one of the best neighborhood in Manhattan, it is close distance to Grand Central Station, major subway stations, and office buildings. This condo building has 24 hours doorman, swimming pool, fitness center and racquet ball court. (monthly combined common charge and Real Estate Taxes are approximately $700)

Manhattan Condo Under $500,000 are popular among pied-a-terred or second home buyers. Besides servicing the local market, we also work with many buyers from out of town, oversea foreign buyers. Manhattan New York is a city that everyone loves and would like to own a piece of. Our out of town buyers look into studio apartments as a long term investment as well as second home for them when they visit the city of Big Apple.  Not only it is a wise investment, they save the hotel expenses when they or their family/friends visit the big city. Especially during holidays, many of our out of town past clients come into Manhattan New York to enjoy the festive lights and the holiday energy that this big city has to offer.
To find other similar Manhattan Condo investment Under $500,000 USD that suits your needs, please Contact us for your own Real Estate consultation call (646)644-6929 or email EileenHsu(@)Gmail.com

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We are both English and Chinese Speaking Real Estate agents here in Manhattan New York with extensive market knowledge. In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call (646)644-6929 today.

Charming East Village One Bedroom Co-Op

This East Village One Bedroom apartment is located in the borough of Manhattan in New York City. It lies east of Greenwich Village, south of Gramercy and Stuyvesant Town, and north of the Lower East Side. Within the East Village there are several smaller neighborhoods, including Alphabet City and The Bowery.