Comments on: Manhattan Real Estate Lawyer Discusses New Construction Issues in New York City

By: Frustrated in NYC

Frustrated in NYC — Tue, 29 Mar 2011 21:09:00 +0000

This describes my current situation to a Tee. I am entering into a legal fight with the seller for purchase of a new apartment in Long Island City. The punch list is extensive. After 3 walk throughs and the seller failing to act on the repairs, I asked a general contractor to price the repairs- which came to $51,000- on a brand new apartment. The seller just enforced legal notice to close with time of the essence and a statement that he will in fact not fix the items in the punch list, stating that he does not have to and that the items are cosmetic and I am a demanding buyer. I want out of the deal and get my deposit back- a HUGE sum of money. I saved for many years to buy this condo and am completely disheartened by the process and inhumane – almost terrorist like sellers that control the money of development in NYC. What can be done to stop this? More close to my heart, how can I get out of this. The entire case is way over the head of my real estate attorney.

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By: Constuction Job Leads

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By: Randi

Randi — Tue, 20 Oct 2009 14:41:59 +0000

I have a question about buying into new construction when only 30% of the units have been sold. The building is completely built which includes all apartments, the common areas and amenity rooms. The complex is waterfront property which sits in front of piers that are being converted into park land. Prices have recently been lowered, which appears to have increased sales a bit. If we move ahead to buy, is there anything you would recommed to us to protect ourselves against surging common charges if sales still seem to be slow? There are 438 units in the building with 131 sold. Thanks.