What Is An Aztech Document?

The Aztech document allows co-op apartment buyers to get financing, while lenders and co-op board agree on mutually beneficial terms.

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What Is An Appraisal?

Property appraisal is the process of evaluating a property to determine its fair price in the current market. It’s performed by third-party professionals called appraisers.

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Air Rights – What Are They?

Air Rights or development rights refer to the building/selling rights a lot owner in NYC has for the maximum buildable area they haven’t utilized yet.

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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.

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What Are Flood Zones and Flood Insurance?

When you are buying an apartment in NYC, it’s important to see if it’s in a flood zone. This may require you to buy flood insurance and increase your homeownership cost.

What Is A Gut Renovation?

Compared to partial or cosmetic renovations, a gut renovation project can be costly, challenging, and time-consuming, but it allows you to recreate your home interior almost from scratch.

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.

Brooklyn Heights

Brooklyn Heights is well known for its tree-lined streets, historic architecture, and its easy and quiet atmosphere.

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West Village

If you are looking to visit a beautiful, quiet, and powerfully historical neighborhood in Manhattan, West Village should be among the first choices.

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Financial District

Financial District is home to some of the most iconic and historically important buildings and institutions in NYC.

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What is New Development?

New development is usually a newly constructed or heavily renovated structure that is for sale directly by the developer responsible for the construction/renovation.

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