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Gay / Lesbian Community Info

In the late 1970's Philip was the first New York City real estate broker to advertise in the Advocate, the nationally known and respected gay bi weekly magazine. As a result of that ad, Philip has been serving and selling to gay, lesbian, bisexual and transgender individuals and couples relocating to New York City from other parts of the country and overseas ever since.

The main issue that repeatedly came up in these transactions is how a same sex couple can successfully buy a cooperative apartment in New York. Coop apartments are virtually unknown throughout the rest of the United States but in the 1970's coops were the only available apartments one could buy in the City (with one or two rare exceptions of condominiums).

What is unique when a couple is buying a cooperative apartment is the way that the couple takes title to the apartment and presents their application to purchase to a coop Board. The coop Board's review of this application determines whether the applicants fall within the financial guidelines the board has set and whether the buyer is financially qualified to purchase the apartment.

Coop boards pretty much take the position that a married couple's combined assets and incomes are considered together. An unmarried couple (be they heterosexual or homosexual) is not treated the same way. The rationale for this is that if the relationship ends, each one of the applicants must be able to afford to carry the apartment on his or her own. This is obviously outdated based on the prevalence of heterosexual divorce, but this has always been the way it is.

The issue also arises if one of the couple makes the majority of the income and has most of the assets. How is the other member of the couple dealt with in structuring the purchase? Philip has been able to come up with creative solutions to deal with these issues and therefore has consummated many transactions in coops (as well as condos) with same sex partners. If and when same sex marriage is recognized in New York State, this will no longer be an issue, but in the meantime, Philip's 30 years experience in the business will come in handy in getting you and your partner settled into the apartment you want.

When Philip entered the business in 1978, there were virtually no male brokers working in residential real estate in Manhattan. The few that existed were mostly gay men. Today in 2007, the percentage of residential brokers that are gay men is even smaller than before.

For a gay or lesbian, bisexual or transgender individual or couple wishing to purchase in New York, why not have a broker with the understanding and knowledge of 30 years of local gay issues, and have fun while you're doing it!

Philip stands out as your number one choice.

In addition to our excellent service to the GLBT community, we have a network of gay and gay friendly attorneys, mortgage brokers, contractors, home stagers, movers and interior designers who will make the buying or selling of your home a painless and happy experience. We are also a great resource for other types of service providers you may need, such as through-wall air conditioning companies, temporary wall builders, locksmiths, window covering companies, etc.

LOOKING FOR A LIFE PARTNER?

An added bonus (although we can't guarantee it) is Philip's matchmaking ability. One of Philip's lesbian buyers complained to him that she was lonely and really wanted to meet a great woman. Philip introduced her to one of his friends, and they have been a couple ever since. Maybe Philip's ability to match people with apartments carries over into matching people with people?

Prudential Financial Scores 100% on Human Rights Campaign Report Card

For the fourth consecutive year, Prudential Financial has nailed a perfect score on the Human Rights Campaign's Corporate Equality Index, which evaluates how major US corporations treat gay, lesbian, bisexual, and transgender employees, consumers and investors.

"Our ongoing efforts to build a diverse workforce that mirrors the customers and communities we serve is a critical component of our strategy and strengthens our ability to attract, develop, and retain talented individuals," says Emilio Egea, Prudential's chief diversity officer. "We strive to be an employer of choice, and it's rewarding to know that our commitment to fostering an environment where individual differences are respected is recognized."

The Corporate Equality Index rates companies on factors such as whether an organization has a written nondiscrimination policy covering sexual orientation, offers health insurance coverage to employees' same-sex domestic partners, and engages in respectful, appropriate marketing to the gay, lesbian, bisexual, and transgender community.


To learn more about Gay / Lesbian Properties
contact New York Premier Real Estate at 212-727-6105
or Request Info



 


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