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The Effect of Recent New York State Legislative Changes on Brokers
How are brokers impacted by the latest legislative changes targeting real estate professionals' standard operating procedures?
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1Overview
Address
| Primary address | 104 W 113th St |
|---|---|
| Zip code | 10026 |
| Neighborhood | Harlem |
| Borough | Manhattan |
| Block & lot | 01822-0037 |
Owner
| Name | Duff Investment Corp. |
|---|---|
| Address | 104 W 113 St New York, NY 10026 |
| Purchase date | 11/11/2011 |
|---|---|
| Purchase price | $1,900,000 |
| Arm's length |
Property Taxes
| Tax class | 2A |
|---|---|
| Property tax | $4,974 |
Lot
| Lot sqft | 1,260 |
|---|---|
| Lot dimensions | |
| Ground elevation | 25 ft |
| Corner lot | No |
Zoning
| Locked zoning | Subscribe Now! |
|---|---|
| Zoning map | 6b |
| Qualified opportunity zone | Yes (map) i |
Building
| Building class | Four Families (C3) i |
|---|---|
| Square feet | 4,640 |
| Building dimensions | |
| Buildings on lot | 1 |
| Stories | 4 |
| Roof height | 44 ft |
| Year built | 1910 (estimated) |
| Proximity | 1-side abutted |
|---|---|
| Structure type | Row apartment |
| Construction type | Stone |
| Grade | C |
| Exterior wall | None |
| Exterior condition | None |
Use
| Residential units | 4 |
|---|---|
| Residential sqft | 4,640 |
| Average residential unit size | 1,160 |
| Certificate(s) of occupancy | Click here i |
Floor Area Ratio (FAR)
| Max allowed FAR | Subscribe Now! |
|---|---|
| FAR as built | Subscribe Now! |
| Square feet under FAR | Subscribe Now! |
| Square feet over FAR | Subscribe Now! |
| Usable floor area | Subscribe Now! |
| Maximum usable floor area | Subscribe Now! |
| Locked unused far | Subscribe Now! |
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Instead of mining multiple public property records for accurate property information, residential brokers can quickly run comprehensive property record searches.
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Commercial real estate brokers too can take advantage of PropertyShark's aggregated commercial property records in select areas.
Access up-to-date, comprehensive commercial property data and help you clients make the right decisions with at-a-glance commercial property reports and explore:
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- Registered owners, real owner behind LLCs & other relevant contact info
Property records for home buyers
Buyers should always perform their own due diligence and look up real estate records, whether they work with a real estate professional or not.
PropertyShark's extensive property record database is built open multiple public property record sources, simplifying research.
- How high are current property taxes?
- Is an increase in property taxes expected for the next year?
- How much did the current owner pay for this property?
- Were there any permits filed recently on the property indicating repairs and maintenance work?
- What is the official size (square footage) of the property?
- How does the home's sales history look, judging from the available property deed records?
Due diligence for home buyers & sellers
It's essential for potential buyers, as well as owners, to do their own research before entering the real estate market, especially if they plan to forego a broker. In such cases especially, a property appraiser can advise buyers on a home's value to avoid paying well over the market value of the property.
Similarly, owners too can benefit from an appraiser's professional input by identifying the right price point for a home, thus avoiding selling for less than what a home is worth or listing it a price point that will have the property lingering on the market.
Moreover, buyers and sellers navigating the market without an agent need to have a thorough understanding of every step of the home buying and selling process, both in terms of timelines, as well as the necessary administrative process, such as legal and financial documentation to avoid a disadvantageous deal.
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More research tools
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