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Unlike kitchen appliances, air-conditioners and light fixtures, mounted flat-screen televisions and their hardware are not part of the boilerplate language for items that automatically come with an apartment in a standard co-op or condominium contract.
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BEDBUGS have infiltrated more and more places in New York City, and now they've even found their way into co-op and condominium contracts.
While condominium contracts are similar in many respects to contracts for the sale of a house -- after all, a condominium is legally considered real estate in the same way a house is -- contracts for co-op apartments have their own sets of rules.
"We have $1.5 billion in condominiums under contract," he said.
At the Beacon, formerly the Jersey City Medical Center, where buyers once signed 60 contracts a month, six condominiums went into contract in November, said George F. Filopoulos, the president of Metrovest, the developer of the project.
As of July, approximately 40% of the condominiums were under contract to be sold.
On Crosby Street in SoHo, where Ms. Hashey still lives in a loft she bought in 1977 for $15,000 -- and where she spent $75,000 more to bring it up to city requirements for a residence -- a penthouse in a raw-space condominium recently went to contract at $8.5 million.
Another fairly common provision in contracts for condominium units in a new building or a new conversion, Mr. Simon said, requires the buyer to use the sponsor's title company or pay the sponsor an additional $200 or so.
but were up from the last quarter, as buyers continued to close on new condominiums for which contracts were signed many months ago.
MUCH has been said about buyers at glassy new condominiums who signed contracts when the sun was shining on the market but demanded their deposits back when the weather turned.
The condominium has just gone into contract with an unidentified buyer after three and a half months on the market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com