Articles

What Are Doorman Buildings?

Doorman buildings in NYC are buildings that are manned 24/7 by a doorman who controls entry to the building and provides additional services like signing for deliveries.

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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.

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What Is An Exclusive Listing?

An exclusive listing in NYC is when only one broker has the exclusive rights to list and market a property. This gives them the surety of earning the commission.

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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.

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What Is An HVAC?

An HVAC system is responsible for circulating hot and cold air inside a building and maintaining the indoor temperature at comfortable levels.

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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.

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