Manhattan Condo Living

Eileen Hsu (許小姐) and Morgan Evans, the new generation of Real Estate Professionals. We specialize in Manhattan Condos, including: Resales, New Construction, Pre-Construction and Foreign Nationals buying Manhattan New York Condos. Contact us at (917)837-8869 or (646)644-6929 Today.

Pied-à-terre in Manhattan New York Real Estate

Pied-à-terre in Manhattan New York Real Estate Definition: a pied-à-terre (French Foot on the ground) is a small living unit typically located in a large city (typically an apartment or a condominium). It typically is used as a temporary second residence, either for part of the year, or part of the work week.New York city

Pied-à-terre in Manhattan New York Real Estate interest many buyers who have a primary residences out of town, and especially foreigner buyers want to buy an apartment in Manhattan.

Pied-à-terre usage are prohibited by many Co-op buildings in Manhattan New York because they want full time residents to protect the corporation against possible future distress of the seller.

Co-op boards will be able to find out that you plan to use this as a pied-a terre because a co-op board will require you to submit the following: 

1. Most Recent 2 years of Tax Returns*
2. Most Recent 2-6 Pay Stubs
3. Extensive Financial Statements of Assets & Debts
4. Most Recent Bank Statements (3-6 months)
5. Reference Letter from Employer
6. Reference Letter from Bank

On your tax return, the board will be able to see that you own another property that is listed as your primary residence. You will need to state your intended use of this Co-Op apartment. If you are dishonest to the board, your Co-Op package may be denied and disapprove by the board.

 

Manhattan

To Buy a Pied-à-terre or other Manhattan New York Real Estate Click below links:

 

If you are thinking of buying a pied-a-terre in Manhattan New York, you can purchase a condominium or Co-Op that allows pied-a-terres. Contact us today at (212)321-7122 to help you find a building that is pied-a-terre friendly.

Copyright © 2009 by Eileen Hsu:*Pied-à-terre in Manhattan New York Real Estate*

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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)

Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate goals.

Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent

 

Comment balloon 8 commentsEileen Hsu • February 18 2009 10:22PM
Pied-à-terre in Manhattan New York Real Estate
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Pied-à-terre in Manhattan New York Real Estate Definition: a pied-à-terre (French Foot on the ground ) is a small living unit typically located in a large city (typically an apartment or a condominium). It typically is used as a temporary second… more