What is Pied-à-terre in Manhattan New York
Many Manhattan New York buyers read through online property description and they will see a phrase "Pied-à-terre"commonly used in the property description, often they are not familiar what it is, especially if they do not speak another language.
What is Pied-à-terre mean in the property description? Pied-à-terre in Manhattan New York Real Estate Definition: a pied-à-terre (French Foot on the ground) is a small living space located in a large city (usually 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.
This type of part time living arrangement is very common in New York city where many people love to own a piece of Manhattan Real Estate and have a place to stay when they come into for a Broadway show, dining, or just a Summer weekend in the big city. 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.
We are also seeing many buyers in the Spring and Summer time coming into New York to look for their Pied-à-terre or vacation home in NYC. To avoid waste your time looking at properties that does not allow Pied-à-terre, we encourage you to team up with us today to find the perfect home for you here in New York city. We are well versed in different neighborhoods in Manhattan New York, we can be your guide and assist you in a stress free purchase in NYC. Call us today at (917)837-8869.
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