Manhattan Condo Living

Gramercy Starck Condo Rentals FAQ.

Why Rent at Gramercy Starck? Gramercy by Starck condominium is one of those buildings that makes a statement. If you don't like those plain vanilla cookie cutter rental buildings you are going to love Gramercy Starck. Unlike most rental buildings there is a high level of finishes and amenities that hard to find elsewhere. When you walk in and are face to face with the huge Renaissance portrait and standing underneath the mega-lampshade-chandelier you know where you are at. The apartments are outfitted with high end appliances, washer/dryers in ALL of the the units, and full access to all of the amenities without any additional costs.  You will have full access to the completely outfitted fitness room with sauna and steam rooms in the his and her locker rooms.

Gramercy Starck Condo Rentals Frequently Asked Questions:

1. Who is the management company? Douglas Elliman Property Management is the current manager of the building.
2. How soon can I move in the Gramercy Starck Rentals? Gramercy Starck Condominiums has an application process.  This application process can take at the very minimum two weeks up to 30 days depending on how quickly the application is submitted with all of the necessary documentation and board approval.  So if you call us today looking to move in tomorrow or a few days from now, we won't be able to accommodate.
3. How much is the security deposit and is it first and last months rent upfront? There is no umbrella answer to this question as each owner will have a different requirement based on their preferences and your   but generally expect at least the first months rent upfront and at least 1 months security.

1. Is Gramercy Starck Rentals pet friendly? As of now, Gramercy Starck is pet friendly, but the individual owner of the condominium may not be, so it depends, call us to find out if the type of apartment you are interested in is pet friendly or not?
2. Are they any other fee's involved with Gramercy Starck Rentals? I am going to outline the application fee's involved in renting, there is a $50 credit application fee, a $1,000 move in deposit that is refundable if no damage takes place at the time of move in.
   

1. What about the broker fee? Again, there is no umbrella answer to this question because you will be renting directly from an owner, this is not a big management company, so there will more than likely be some type of broker's fee involved, whether you or the owner is paying it.  The structure of the broker's fee will be dependent on each apartment, this is something that we will be able to tell you once we know we know what you are looking for.

How do you get a hold of us to talk about your future about Gramercy Starck Rentals? ****You can email us directly at Morgan.Evans (@) elliman.com or call us at (917) 837- 8869.****

To read more about Gramercy Starck Rentals and Sales:

1. Gramercy Starck : January 2010 Report
2. Gramercy Starck Rental and Sales Expert
3. http://www.GramercyStarckRentals.com

For a complete list of the current Gramercy Starck Condo Rentals or for sale or rent in Downtown Manhattan call Morgan Evans (917)837-8869 for further details.

We are Manhattan condo experts in assisting local and foreign buyers in finding their perfect Manhattan Real Estate. Contact us by email at ehsu(@)elliman.com or Morgan.Evans(@)elliman.com or (917)837-8869 to receive prompt assistance.

Read more about our expertise in the blogs series below:

• Foreigner buying in Manhattan NYC Part 1: basic knowledge of Condo vs. Coop vs. Condo-op
• Foreigner buying in Manhattan NYC Part 3 - financing options for foreign buyers
• Foreigner buying in Manhattan NYC Part 2 - Steps to Purchasing an Apartment
• How to Buy a Manhattan New York Condo (Part I) as first time home buyer
• How to Buy a Manhattan New York Condo (Part II) as first time investor
• How to Buy a Manhattan New York Condo (Part III) as Parents Buying for Children
• Dos and Don't before you buy Manhattan Real Estate!

CALL US TODAY at (917)837-8869 or (646)644-6929 to discuss your specific Real Estate needs.   

Gramercy Starck Condominium Sales and Rental Experts

Gramercy Starck Condominium located at 340 East 23rd Street New York NY 10010 designed by world renowned designer Philippe Starck. Philippe Patrick Starck is a French Product designer and probably the best known designer in the New Design style. His designs range from spectacular interior designs to mass produced consumer goods such as toothbrushes, chairs, and even houses.

Gramercy Starck Condominium is a 21-story, 207 -unit development built in 2007.  Many of our foreign buyers and savvy investors have purchased multiple units in this high amenities building. We have both sold and leased multiple size of units from one bedrooms, two bedrooms, skyhouses and penthouses.  This is a building that was very well received by many European buyers because of their admiration for Philippe Starck extended to Starck's Real Estate creation.

Gramercy Starck Condominiums Sales and Rentals

Why Rent at Gramercy Starck?

Gramercy by Starck condominium is one of those buildings that makes a statement. If you don't like those plain vanilla cookie cutter rental buildings you are going to love Gramercy Starck. Unlike most rental buildings there is a high level of finishes and amenities that hard to find elsewhere. When you walk in and are face to face with the huge Renaissance portrait and standing underneath the mega-lampshade-chandelier you know where you are at. The apartments are outfitted with high end appliances, washer/dryers in ALL of the the units, and full access to all of the amenities without any additional costs.  You will have full access to the completely outfitted fitness room with sauna and steam rooms in the his and her locker rooms.

Gramercy Starck Condominium Frequently Asked Questions

Is Gramercy Starck pet friendly?

As of now, Gramercy Starck is pet friendly, but the individual owner of the condominium may not be, so it depends, call us to find out if the type of apartment you are interested in is pet friendly or not?

How soon can I move in?

Gramercy Starck Condominiums has an application process.  This application process can take at the very minimum two weeks up to 30 days depending on how quickly the application is submitted with all of the necessary documentation and board approval.  So if you call us today looking to move in tomorrow or a few days from now, we won't be able to accommodate.

How much is the security deposit and is it first and last months rent upfront?

There is no umbrella answer to this question as each owner will have a different requirement based on their preferences and your   but generally expect at least the first months rent upfront and at least 1 months security

What about the broker fee?

Again, there is no umbrella answer to this question because you will be renting directly from an owner, this is not a big management company, so there will more than likely be some type of broker's fee involved, whether you or the owner is paying it.  The structure of the broker's fee will be dependent on each apartment, this is something that we will be able to tell you once we know we know what you are looking for.

Are they any other fee's involved with renting?

I am going to outline the application fee's involved in renting, there is a $50 credit application fee, a $1,000 move in deposit that is refundable if no damage takes place at the time of move in.

Who is the management company?

Douglas Elliman Property Management is the current manager of the building.

How do you get a hold of us to talk about your future apartment at Gramercy Starck?

****You can email us directly at Morgan.Evans (@) elliman.com or call us at (917) 837- 8869.****

To read more about Gramercy Starck:

1. Gramercy Starck Rentals: Featured 2 bedroom/2 bath 
2. Gramercy Starck : January 2010 Report
3. Gramercy Starck Rental and Sales Expert
4. http://www.GramercyStarckRentals.com

For a complete list of the current apartments for sale or rent at Gramercy Starck or for condominium apartments for sale or rent in Downtown Manhattan call Morgan Evans (917)837-8869 for further details.

Manhattan Condo investment Under $500K is a popular request - We receive several phone calls a day from investors and first time home buyers looking for properties under $500,000.  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 $500K 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 $500K that suits your needs, please Contact us for your own Real Estate consultation call (917)837-8869 or email us at ehsu(@)elliman.com

Read more:

• To learn more the terminology of Manhattan New York Real Estate
• One of best Midtown Studio that is perfect for second home or investment

We are both English and Chinese Speaking Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman 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 us today at (917)837-8869.

我是許小姐Chinese Property Agent in Manhattan New York,曼哈頓房地產的專家，我幫助了許多中國和亞洲人為他們的孩子在紐約購買曼哈頓房地產.曼哈頓房地產是於世界上任何其他地方或國家不同,也於其他美國州不同.

Chinese Speaking Property Agent in Manhattan New York 購買紐約曼哈頓公寓作為父母為子女購買，你應該明白你的預算和時間。這是一個五年計劃，同時你的孩子去學校在紐約嗎？我們與許多父母是誰買他們的兒子或女兒去紐約大學，帕森斯設計學院，視覺藝術學院，哥倫比亞大學，Jillards音樂學校和其他知名學校這裡在曼哈頓紐約。這是您的兒子或女兒，目前正在曼哈頓？他們有一個穩定的工作或財務自由嗎？他們目前可以出租和租賃即將到期或每月安排？重要的是我們知道的原因和時間，以便我們能夠縮小搜索你。

Chinese Property Agent in Manhattan New York 購買紐約曼哈頓公寓作為家長為孩子買，你應該與貸款顧問,會計師,曼哈頓房地產律師討論購買程序。會計師：如果你正計劃共同購買的公寓與您的孩子，一定要討論可能的稅務並發症則可能是你的會計師。您的發言之前，您購買的會計師可以是非常有益的。

許小姐Chinese Property Agent in Manhattan New York 購買紐約曼哈頓公寓作為父母為子女購買，經驗豐富的曼哈頓公寓的專家來指導您完成這一進程，並瀏覽了曼哈頓房地產迷宮。無論你是首次置業，或投資者，購買和出售的多個屬性在其他地區或國家的美國，我們可以提供幫助。了解當地市場與市場專家能最大化您的投資，並避免任何可能發生的問題作出的規則。我們的許多客戶是第一次來的投資者，他們買了許多曼哈頓公寓的。如果您想購買曼哈頓房地產，現在與我聯繫（646)644-6929 許小姐.

Eileen Hsu (許小姐) Vice President 副總 Prudential Douglas Elliman
Mobile (手机): (646)644-6929
Blackberry (邮箱): ehsu(@)elliman.com 

Chinese Property Agent Website
Web Bio & Listing: http://www.elliman.com/EIH
我能說流利的普通話和英語。

我是許小姐-紐約華語房地產經紀人, 許多中國買主給我打電話，幫助他們找到新的紐約房地產，這裡有一些基本信息要知道.

買地產為什麼一定要自己的經紀人?

我們團隊不僅了解本地市場, 本地歷史, 了解地段街道, 地產發展趨勢, 局部地產最新消息, 說英中文, 了解地產生意上的禮節和慣例, 而且作為經紀, 我們可以看到買主無法看到的資料和經紀網站, 提醒並教育買主會面臨的潛在問題. 

您在美國買地產為什麼一定要自己的經紀人?

第一, 買方經紀人對買主來說一般都是免費的. 絕大多數的地產買賣都是由買賣雙方的經紀人參與的. 這是有原因的. 賣主和賣方經紀人簽合同, 所有的合同中都必須講明, 買賣方經紀人費用是50/50對分的. 就是說, 買方經紀人是從賣主那裡收費的.

作為買方, 你想像可以省錢不用買方地產經紀, 盲目不用經紀, 其實根本無法省錢. 舉例來說, 80萬的公寓簽了5%的經紀合同, 公寓上市, 5個月後過戶時, 賣主必須付4萬經紀費用, 買賣雙方經紀人所在公司各得一半, 經紀人從公司拿薪水.

第二, 賣方經紀人完全代表地產商或其他個人買主的利益, 所以賣方經紀人幾乎無法告訴買者, 這幢公寓大樓面臨破產, 或者這個新公寓只有百分之三十住家過戶, 或者有房東佔有百分之十以上的公寓等問題. 在美國金融危機以後, 購買地產面臨著更有挑戰性的環境, 貸款環境更複雜, 因為銀行必須做大量工作衡量各各貸款投資風險. 現金購買時,您必須象銀行一樣, 依靠可靠的專業地產經紀, 權衡各種風險. 所以, 買方地產經紀人的地位就更重要.

第三, 價格協商問題. 除了參與價格的協商, 我們還知道哪家開發商可能會協商支付轉讓稅. 幫助你省錢. 作為買主, 從開發商和sponsor直接買房子, 你必須付近百分之二的州市財產轉讓稅NY State and NY City transfer tax, 因此您可能省很多.

第四, 我們了解公寓情況. 如公寓近幾年為什麼提高管理費, 提高多少. 我們經紀每天收到各種開發商的促銷活動, 你自己去看房, 就可能不知道這些特別促銷活動.

第五, 雖然你可以在網上自己研究, 但是還是需要我們經紀人, 了解該房子上市時間, 價位歷史, 周邊已售記錄, 周邊上市記錄, 周邊未售數據, 本公寓大樓上市記錄,對面空地建築許可證問題, 銀行估價的準則, 公寓的投資者佔的比例等等.

第六, 如果您是外地來的買主, 不了解地產生意上的禮節和慣例, 想星期六看房子, 不知道星期六是地產經紀唯一休息日, 最後浪費了自己的時間. 美國地產看房的慣例中還有許多, 如看房必須有24或48小時以前的電話預約, 因為紐約大多數房子都不是空的, 經紀人必須和房東和房客提前預約, 得到房東和房客許可. 最好的辦法是, 提前通知經紀人您方便看房的時間, 讓買方經紀人安排預約. 我們的經驗告訴我們, 有時最合適您的房子每週只能看一次, 特別是價值幾百萬的高級公寓和別墅.

我們鼓勵您提前上網研究, 只有了解市場, 你才能作出明智的投資選擇. 但是你必須有保護您的利益的專業經紀為您服務. 請電 (646)644-6929.

We are Manhattan condo experts in assisting local and foreign buyers in finding their perfect Manhattan Real Estate. Contact us by email at ehsu(@)elliman.com or Morgan.Evans(@)elliman.com or (917)837-8869 to receive prompt assistance.

Read more about our expertise in the blogs series below:

• Foreigner buying in Manhattan NYC Part 1: basic knowledge of Condo vs. Coop vs. Condo-op
• Foreigner buying in Manhattan NYC Part 3 - financing options for foreign buyers
• Foreigner buying in Manhattan NYC Part 2 - Steps to Purchasing an Apartment
• How to Buy a Manhattan New York Condo (Part I) as first time home buyer
• How to Buy a Manhattan New York Condo (Part II) as first time investor
• How to Buy a Manhattan New York Condo (Part III) as Parents Buying for Children
• Dos and Don't before you buy Manhattan Real Estate!

CALL US TODAY at (917)837-8869 or (646)644-6929 to discuss your specific Real Estate needs.  

This is part IV of Buying Manhattan New York Condo Must Read -FAQ edition. Please read through our  in this series, we will discuss address some common questions of buying Manhattan New York Condo as Foreign Nationals and first time investors . We are Manhattan Condo Specialists, we help finding suitable condos for first time investors, parent buying for children and foreigner nationals buyer buying in Manhattan New York. We know the market but we also understand the specific needs of each type of buyers.

Buying Manhattan New York Condo, who pays the agent fee? in Manhattan New York, the buyer's agency fee is pay by the seller.

After Buying the condo, how much is monthly property management fee to oversee the condo, deal with renter issues? property management fee varies, depending on the mangement, some charges a flat fee, some charges 10% of the monthly rental.

As 2010 wrapping up second quarter, do we (the active Real Estate professionals) expect Manhattan to go down more? It is hard to make any prediction, as we are seeing the sales activites now are increasing up to 2008 sales volumn. If you are looking at high demand areas, the price adjustment from the peak of the market are marginal since there is less supplies and inventory.

In Manhattan Real Estate market, how long it takes to rent out an apartment unit? this depends on the price of the rental unit, time of the year and market inventory. Rental market in New York is very seasonal, Spring to Summer time is busiest season, Winter is the slowest. Average is about 3 months not to include the 30-45 days of each condo managment paperwork approval process.

what fees are associated with renting out / buying / transaction costs? Renting out costs will depends on the building. It can vary from $500-$3,000 for the different application fees. Buying costs it depends on if you plan to finance or not. If all cash, the approximate cost can be 1% if you purchase a resale unit, if from sponsor such as new construction then 2%+. If financing, add 2% more to previous mentioned % due to bank fee and mortgage recording tax.

What is the timeframe to close on a property? Here in Manhattan New York, the timeframe to close is longer than other States, if the purchase is all cash, no bank involved, the quickest we can close is 30-45 days (Co-Op up to 90 days or longer). Once the contract is signed, the buyers have to complete a board package (for either a Condo or Co-Op) and then the package gets submit into condo board to review. Once the package is approved, the schedule of closing can happen.

If I decide to finance, what is the equity the US banks require?  Financing for foreigner requires up to 50% or more cash down payment and other restrictions. Foreigners always pay a higher rate tha US citizens/permanant residents. (http://activerain.com/blogsview/1628460/foreigner-buying-in-manhattan-nyc-part-3-financing-options-for-foreign-buyers)

• First Time Buyer in NYC: Steps to Purchasing a NYC Apartment
• How to Buy a Manhattan New York Condo (Part IV) as Foreign Nationals
• Manhattan Relocation Buyers Must Know (Part Two-Know what you are Buying)
• How to Find a Good NYC Rental Apartment
• Buying Manhattan New York Condo Must Read Part I - Parents Buying for Children
• Buying Manhattan New York Condo Must Read Part II- First Time Investor
• Buying Manhattan New York Condo Must Read Part III- Foreign Nationals

We are both English and Chinese Speaking Real Estate agents under one of the most successful Manhattan Brokerage firm Prudential Douglas Elliman with extensive market knowledge. We specialize in first time investors and foreign buyers investing in Manhattan Real Estate, we have assembled a team of mortgage experts, Real Estate attorneys and tax accountants to faciliate each and specific needs of our buyers.  In addition, we specialize in connecting the local Manhattan sellers with both local and international buyers with our preferred buyer networks. Call us today at (646)644-6929 or EileenHsuNYC(@)gmail.com