Articles
For Buyers
What Is Board Approval?
Board approval is the permission you need from the condominium or co-op board before purchasing and occupying (or renting out) an apartment in the building.
What is a LEED Building?
LEED buildings are energy-efficient and eco-friendly structures that are awarded a LEED certificate. Different LEED certifications indicate how green a building is.
What Is Due Diligence And Why Is It Important When Buying A Property/Apartment?
Due diligence is the process of looking at the financial and legal issues of the property you are trying to buy, and it’s usually conducted by an attorney.
For Sellers
Co-Op Financial Requirements in NYC
Co-op financial requirements in NYC are stricter than the requirements for buying a condo and you might need to save much more than the usual 20% for down payment, to meet the financial requirement for a co-op board.
What Do You Need To Know About Permits Before Renovating Your NYC Apartment?
Depending on the renovation you are planning, you may need to secure a permit before you can hire a contractor to perform the necessary work.
What Do You Need To Know About A CEMA Loan?
CEMA loans are available for people who want to refinance their mortgage (and sometimes to buyers) and allows them to save money on mortgage recording tax.
For Renters
Rent-To-Own: What It Is And How It Works In NYC
Rent-to-own can be an amazing option for people who want to make a move from renting to buying but still need time to save enough money or build credit.
What Do Renters In NYC Need To Know About Security Deposit?
As a renter in NYC, you need to understand how much security deposit your landlord is allowed to ask for and what your rights are when it comes to getting it back.
What Is Amortized or Net Rent?
Net effective rent or amortized rent is calculated by dividing the total rent you have to pay (after discount) over the term of the lease by total months in the lease.
New Development
Downsizing in NYC – Strategies and Best Practices
Whether you rent or own your home in NYC, there comes a time when you have to upsize or downsize
Everything You Need To Know About NYC Brownstones
What Is Brownstone? Brownstone is a type of sandstone commonly used in construction. It’s not actually used in the structural
What Is A Mortgage Recording Tax?
Property buyers in NYC need to pay a Mortgage Recording Tax when taking out a mortgage to buy a property or refinance an existing property.
