Things to Consider When Purchasing a Part-Time NYC Apartment
There’s just something about city living that makes people want to be in the middle of everything. This would explain the popularity of commuters who desire to purchase a part-time apartment in New York City. Often referred to as a pied-a-terre, these part-time residences offer people the chance to enjoy the city life without having to spend every day in the hustle and bustle of Manhattan.
If you’ve been considering a part-time city abode, consider looking at Chelsea condos or meatpacking district apartments for sale. This is a desirable area and has recently become a mecca for shopping, dining, and entertainment. Before making an investment, there are a few things to consider when looking for a pied-a-terre.
Is a Part-Time Residence Allowed?
There are some co-op buildings that don’t allow for the purchase of a pied-a-terre, but most people looking for a city residence keep their focus on newer condo buildings. A real estate agent that specializes in meatpacking district apartments for sale will know the rules and regulations of different buildings, so doing your research on part-time residences shouldn’t be too hard. Some condo buildings will allow it with no problem, while others may have some questions before you get approval for ownership.
Can You Rent the Apartment Out?
Some people that purchase NYC part-time apartments have a desire to rent the apartment when it’s not in use. This can be tricky because even condo buildings that allow it may not allow you to rent it out for less than a year, which means that you may have people living in it when you need it. You will also want to make sure that it’s ok for guests, family or friends, to live in the apartment while in the city. Most condos won’t have a problem with it, while others will require that only immediate family occupy the residence in your absence.
Consider the Building Staff
Buyers that only want a part-time residence sometimes prefer that the building have a full-time concierge staff. This provides a level of security for the absentee homeowner. It also means that there will be someone to accept packages and mail should you get deliveries when not at the apartment. If a part-time city residence seems perfect for you, speak to an agent about meatpacking district apartments for sale if you want to be in a modern area that still has an old-time feel.
To find out more about meatpacking district apartments for sale, visit 245w14.com/home.