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All Forum Posts by: Mike Sarhan

Mike Sarhan has started 2 posts and replied 3 times.

New York City Real Estate Forum

Post: Experience with a NYC SRO Building

Mike SarhanPosted
  • Real Estate Agent
  • Brooklyn, NY
  • Posts 4
  • Votes 0
Quote from @Roi Azoulay:
Quote from @Mike Sarhan:
Hi BP Community,

Does anyone have any experience with buying or selling a NYC class B SRO building in NYC and SRO conversion? Specifically converting a building with Class B rooming units to Class A apartments.

@Mike Sarhan

I am on a contract w/SRO property in Brooklyn. From my experience so far this is going to be a long and tough process.
Some of the laws in NY changed recently and you are required to obtain a certificate of no harassment, No permits will be issued until it is resolved.
You will need to work with the current tenants for this certificate to be approved which can take up to a year or more, Definitely something big to consider.

0 Votes
New York City, New York
New York City Real Estate Forum

Post: The current cost per sq ft in NYC to gut and remodel a home?

Mike SarhanPosted
  • Real Estate Agent
  • Brooklyn, NY
  • Posts 4
  • Votes 0
Hi BP Community

What are the current average NYC renovations cost per sq ft? Whether you have renovated an entire New York City brownstone or a studio apartment, I understand the cost is based on the square footage of the space being renovated and there are many variables. Please share the current average quotes you're getting from your contractors.
0 Votes
New York City, New York
New York City Real Estate Forum

Post: Experience with a NYC SRO Building

Mike SarhanPosted
  • Real Estate Agent
  • Brooklyn, NY
  • Posts 4
  • Votes 0
Hi BP Community,

Does anyone have any experience with buying or selling a NYC class B SRO building in NYC and SRO conversion? Specifically converting a building with Class B rooming units to Class A apartments.
0 Votes
New York City, New York