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.
If you were interested in buying a pied-à-terrein Manhattan New York, you can either look for a Manhattan New York condo or a cooperative. Please keep in mind if you were looking for a cooperative, below are a list of documents you may be required to provide to the cooperative board. Each cooperative building requiremenet varies, this provide you a good idea of what they will be looking for. (there will also be an interview process.)
1. Most Recent 2 years of Tax Returns*
2. Most Recent 2-6 Pay Stubs
3. Extensive Financial Statements of Assets & Debts
4. Most Recent Bank Statements (3-6 months)
5. Reference Letter from Employer
6. Reference Letter from Bank
We are Manhattan New York Real Estate professionals, if you are looking for a pied-à-terre in Manhattan New York, not sure where to start, contact us today at 917 837 8869 and we will be able to discuss the specifics with you.
Manhattan New York buyers guide for both condos and coops:
- Manhattan New York Buyer Guide Part 1-Know the Housing Product
- Manhattan New York Buyer Guide Part 2- Understand the Buying Power
- Manhattan New York Buyer Guide Part 3-Financial Report of the Manhattan Condo or Coop building
- Manhattan New York Buyer Guide Part 4-Manhattan Condo or Coop management
- Manhattan New York Buyer Guide Part 5 - Buy Manhattan New York Condo or Coop Must Read
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