Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Pied-à-terre in Manhattan New York Real Estate
Pied-à-terre in Manhattan New York Real Estate Definition: a pied-à-terre (French Foot on the ground) is a small living unit typically located in a large city (typically an apartment or a condominium). It typically is used as a temporary second residence, either for part of the year, or part of the work week.
Pied-à-terre in Manhattan New York Real Estate interest many buyers who have a primary residences out of town, and especially foreigner buyers want to buy an apartment in Manhattan.
Pied-à-terre usage are prohibited by many Co-op buildings in Manhattan New York because they want full time residents to protect the corporation against possible future distress of the seller.
Co-op boards will be able to find out that you plan to use this as a pied-a terre because a co-op board will require you to submit the following: 
1. Most Recent 2 years of Tax Returns*2. Most Recent 2-6 Pay Stubs3. Extensive Financial Statements of Assets & Debts4. Most Recent Bank Statements (3-6 months)5. Reference Letter from Employer6. Reference Letter from Bank
On your tax return, the board will be able to see that you own another property that is listed as your primary residence. You will need to state your intended use of this Co-Op apartment. If you are ... more

__________________________________________________
Are you on The Rain? Grow Your Network!