Found 6 blog entries tagged as condo.

Real Estate Word of the Day: Condominium

A condominium, commonly referred to as a "condo," is a type of real estate property where individual units are owned by different people while common areas, such as hallways, swimming pools, and recreational facilities, are collectively owned by all unit owners within the complex. This setup combines private ownership with shared responsibility, offering a unique blend of community living and personal autonomy.

Condos differ from apartments in that apartments are typically rented, and the entire building is owned by a single entity, often a corporation. In contrast, a condominium allows you to own your specific unit outright, similar to owning a house, while still sharing ownership of the property’s common…

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THIS HOUSE FOR SALE CAN BE FOUND ON OUR WEBSITE TOMCRIMMINSREALTY.COM AS WELL AS NYC.FLEXMLS.COM (MULTIPLE LISTING SERVICE). MLS #1124813. Welcome to the sought after Greens Of Heartland Village,10314. At the Greens, you will experience Manhattan-style interiors coupled with the serene and convenient living Staten Island offers. The Greens is proud to offer newly renovated designer studio, one bedroom and two bedroom condos with a Manhattan flare at Staten Island prices (THE BEST PART!). All homes enjoy low common charges and taxes. Features include: Brand new custom kitchens with custom white shaker cabinets, quartz counter tops with stainless steel under mount sinks, custom tile back splashes, brand new, top-of-the-line stainless steel…

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This apartment can be found on our website Tomcrimminsrealty.com as well as nyc.flexmls.com (Multiple Listing Service). MLS # 1122833. .  This is truly how a New Yorker lives! In style. 24-hour doorman, pool, and laundry room! Plus all utilities included in maintenance, just pay the phone and cable. It’s a steal! This is an updated studio with a beautiful floor that includes a terrace in The Fountains. Just out the front entrance is the view of Staten Island’s very own Clove Lake Park as well as a view of the golf course! In front of the building, there are local as well as express bus stops, both leading into the famous New York, New York! A short distance from this high-rise building is shopping, convenient stores, transportation, and even the…

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 This is a beautiful 2 bedroom,2 bath condo with your own private entrance. Kitchen features an abundant amount of cabinets, granite counter tops, and all stainless steel appliances. The master bedroom has its own private bathroom as well as a huge closet! This condo is only a few blocks away from Brooklyn College. The express Q subway is located on Avenue J for a quick commute into New York City. This condo is close to a lot of restaurants as well as shopping centers. This is a perfect home for an amazingly perfect price! Low common charges, and a well-maintained condo building make for an unbeatable combination!

For more information, please contact:

Yet Lan Ng or Sallyanne Malfi

NYS Licensed Real Estate Salespersons

917-257-9588 |…

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Every owner of condominium properties automatically becomes a member of a homeowners association, otherwise referred to a "HOA." With that membership come certain rights and responsibilities. The primary right that the owner has: to vote at HOA meetings and elect board members. Responsibilities include payment of condo fees and assessments, compliance with association by-laws and rules, and maintaining a condo unit in conformity with those by-laws and rules. Below are various other terms you may hear about from your new HOA.

Declaration of Condominium and By-Laws

The declaration of condominium establishes the existence of a condominium property. It gives the precise location of the property through a legal description and describes each individual…

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Distinguishing the differences between a condo and co-op may seem confusing. According to Cheryl Lock's article, "co-ops make up about 75 percent of New York’s real estate market....However, you’ll usually have to pay up 20 percent or more for a co-op down payment, while with condos you can sometimes put down with less."

For those looking to buy or are searching for an understanding, we break it down for you.

Condo Fees:

In a condo, the owner owns the interior of the unit and a percentage of common ownership.  Common ownership is based on square footage of the interior in comparison to the entire buildings’ square footage. It is important to know that paying maintenance fees in a condo building will not give you a share or ownership of the…

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