The Hotel Chelsea, once home to playwrights Arthur Miller and Thomas Wolfe, is up for sale.

When it was built in 1883, Hotel Chelsea was the first co-op apartment building in New York City, and the building served as both a 101-unit co-op and 125-room hotel. Throughout its history, it has housed musicians like Bob Dylan, Janis Joplin, and Jimi Hendrix, and it was also infamous for the death of Dylan Thomas and the stabbing of Nancy Spungen allegedly by her boyfriend Sid Vicious of the Sex Pistols.

Hotel Chelsea shareholder and board member Paul Brounstein told the Associated Press, “It is time to let a new owner, with perhaps some new innovative ideas and resources, to re-energise and revitalize the Chelsea.”

Some residents like Tim Sullivan are anxious about the sale, warning potential buyers, “They’re going to have to deal with a hundred people who have lived here 30 years, and we don’t take too lightly to, you know, turning it into a McDonald’s.” Other residents like David Linter aren’t as worried. When asked how he felt about potential changes, Linter shrugged his shoulders and replied, “I’m sure that’ll affect me, but that’s okay by me. I don’t mind being affected by things. I just go with it, you know? I’m a ‘60s guy. I go with the flow.”

To take a look inside the Hotel Chelsea, check out the Associated Press’ video and interviews with residents at http://www.smh.com.au/world/remembered-well-chelsea-is-now-for-sale-20101021-16vyg.html?autostart=1, and read more about the Hotel Chelsea’s history on the building’s website at http://www.hotelchelsea.com/history.php. Also, you can check out other residential buildings in Chelsea at Neighborhood NYC at http://neighborhoodnyc.com/category/chelsea/.

Real estate agent Brad J. Lamb has been seen on HGTV’s Big City Broker, but he has been getting more publicity as of late for a bizarre poster ad for his business.

Playing off of his last name Lamb, his head is photoshopped onto a lamb’s body, and he is shown with his “team of experts,” which I guess are the four other normal lambs in the ad. Online, his ads have been called “totally creepy,” and some have suggested that Brad Lamb “needs help.”

What do you think? Is Brad Lamb’s campaign funny or creepy? Will it attract new customers or scare them away? Comment below and let us know what you think!

Rented Spaces, The Real Deal, and NY Curbed get a lot of attention on our blog, but we wanted to point out a great news story put together by NY1.

When purchasing or selling an apartment, it can be difficult sometimes to know when you are asking too much or not enough and when to say yes to an offer. NY1’s video and written news story walks buyers and sellers through the negotiation process and offers advice to both sides on reaching a fair deal that will leave everyone satisfied.

To read the full story, go to http://www.ny1.com/content/ny1_living/real_estate/. Also, you can read about residential buildings on our informational website Neighborhood NYC at http://www.neighborhoodnyc.com.

A recent trend at bridal shops is a suggested limit on the bride’s entourage because having too many voices and opinions can be overwhelming. Lately, many New York City real estate agents wish that they could put a similar limit on their clients’ entourage as folks are bringing their parents, friends, decorators, and casual acquaintances before deciding on an apartment.

Last month, New York Magazine covered this trend in their article Just One More Look. They interviewed Jeffrey Schleider of Miron Properties and Adriano Hultmann of Prudential Douglas Elliman, both of whom have experienced wishy-washy buyers.

Schleider tells New York Magazine, “I had one person come back three additional times. First he came with his mother, then a girlfriend and co-worker, and then an interior design and a painter. This is all before putting together a number.” The most frustrating part was that after all this work and time, the client decided not to buy the apartment.

Why are clients feeling more comfortable taking their time? Schleider thinks that the poor economy is a major factor. Buyers want to be more cautious with their investments, so they want confirmation that they are making the right decision from lots of people who have their best interests at heart. Schleider explains, “They want to make sure that if they’re going to do it, they’re going to do it right.

To read more about this trend, check out New York Magazine’s full article at http://nymag.com/realestate/realestatecolumn/67486/.

Rented Spaces’ columnist Apartment Guru is a favorite at Benjamin James Real Estate. She gives consistently good advice about difficult situations, and this week was no different. Girl Living Alone wrote in asking for advice for her creepy predicament. She has suspected for a while that her building manager has been letting himself into her apartment with his spare key so he can eat her food and watch her television while she is at work.

Should she buy a nanny cam to catch the building manager in her apartment? What are her rights as a tenant? Is the building manager ever allowed to enter her apartment without her expressed consent? You can find out by reading Apartment Guru at http://www.rentedspaces.com/2010/08/24/apartment-guru-building-manager-lets-himself-in-watches-tv/.

Looking for a new apartment? Check out our informational website Neighborhood NYC at http://www.neighborhoodnyc.com.

The summer of 2010 has been a hot summer for New Yorkers, and for those who don’t have air conditioning, it has been downright miserable. Even Central Park was a sweltering 103 degrees. This week, Rented Spaces’ Apartment Guru gives advice to Cold Cold Heart, Hot Hot Apartment who is broke and has a broken air conditioner. Apartment Guru suggests a number of solutions including spicy foods, cold soups, bags of frozen vegetables, and nudity.

To read the full column, go to http://www.rentedspaces.com/2010/08/18/air-conditioning-alternatives-that-help-you-chill/, and give us your best suggestions for staying cool in the New York summer heat!

Sometimes it is difficult for real estate agents to write a glowing ad for an apartment. Words like “tiny” and “cramped” are substituted for words like “intimate.” NY1 real estate reporter Jill Urban recently wrote about the truth behind real estate ads and how the average apartment hunter can save time  by eliminating certain apartment listings altogether. Her trick? Apartment hunters just need to know what adjectives to look for.

“Cozy,” “interesting,”and “potential” are red flags that an apartment might have problems. “Cozy” usually means undersized while “interesting” means that this apartment isn’t to everyone’s tastes. “Potential” is almost always the realtor’s way of saying that the apartment will need work. Even if the place is marked down considerably, apartment hunters should move along. A discount is not as much of a discount after sinking lots of money into fixing up an apartment with “potential.”

To read the full article, go to http://www.ny1.com/content/ny1_living/real_estate/121172/read-between-the-lines-in-real-estate-ads/, and find out the right and wrong words to look for in a real estate ad.

Check out residential buildings all over Manhattan at our informational website Neighborhood NYC at http://www.neighborhoodnyc.com.

Between the Benjamin James Real Estate blog and Neighborhood NYC, we have done a lot of articles about how to deal with co-op boards from discovering your online reputation to prepping your dog for a board interview and making sure your kids aren’t members of any hate groups on Facebook.

One part of the process that we have yet to cover, however, is submitting letters of recommendation. Placing your reputation in the hands of a friend or colleague can be nerve-wracking, but at the same time if you get back an overly glowing letter, don’t be too quick to gloat. BrickUnderground did a fantastic semi-humorous piece on “what [letters of recommendation] say…and what they mean.”

This gem is my favorite of bunch:

“Mr. L’s finances are impeccable and he would make an excellent coop board treasurer.”
Translation: Mark always holds our cash when we go to Vegas on a junket.

To read the full article, go to http://www.brickunderground.com/blog/2010/07/nyc_reality_speak_about_those_letters_of_recommendation.

Looking for a new home? Check out our informational website Neighborhood NYC at http://www.neighborhoodnyc.com/.

Looking for a roommate on Craigslist might not seem like such a great idea after reading some of these real-life roommate ads that were reposted on Rented Spaces yesterday. The folks at Rented Spaces had a good laugh over the nudists, a man looking for a woman to share an apartment and a bathroom with him, and a man looking for a female roommate who will share his bed and give him massages (but no sex).

To read the original article, click here or go to http://www.rentedspaces.com/2010/07/28/rental-roommate-nightmares-cheap-nudes-massages-and-hell/, and consider avoiding roommates all together and looking for your own apartment at Neighborhood NYC at http://www.neighborhoodnyc.com!

Yesterday, Fortune posted an article that looked at renting vs. home ownership and ideas attached to each including, surprisingly, patriotism. This fantastic article examines the origins of the “American Dream” and how home ownership plays into that, and it looks at today’s economic realities and whether home ownership is best for everyone.

To read the original article, click here or go to http://money.cnn.com/2010/07/28/real_estate/housing_debate_rent-vs-buy.fortune/index.htm. Also, be sure to check out our informational website Neighborhood NYC at http://www.neighborhoodnyc.com, and read about rental buildings in Manhattan