Articles

What Is An Alteration Agreement?

The alteration agreement specifies all the rules and regulations regarding alterations in any apartment in the building and has to be signed before alterations are made.

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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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How Much Are Closing Costs?

Closing costs can range between 2-4% of the property price for buyers and 8-10% for sellers because they have to pay the brokers’ commission.

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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.

Type of Listings

3 Types of Listings In NYC

Exclusive Listings Exclusive listings are the most common type of sales listing in the NYC real

Midtown East

With old skyscrapers like the Chrysler Building and both the fourth and fifth tallest buildings in the city, Midtown East is rightfully a neighborhood of skyscrapers, but that’s not all it is.

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Long Island City

Long Island City had the honor of being an independent city for about three decades before it became part of New York City in 1898.

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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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