Articles
For Buyers
A Homebuyer’s Guide To Deposit, Earnest Money, And Down Payment
When buying an apartment in NYC, a buyer needs to put down about 10% of the property price as deposit/earnest money and more as a down payment at the time of closing.
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 Is A CAP Rate
Cap rate is the ratio of an income-producing property’s Net Operating Income and market value, which gives a simplistic idea of the property’s return potential.
For Sellers
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 Is An Estate Sale?
Estate sale refers to the real estate that is being sold by the heirs or a trust (or the state) after the passing of the owner of the property.
What NYC Property Sellers Need To Know About Virtual Tours
Virtual tours are a great way to create a reusable digital tour of your property that potential buyers can take advantage of from the comfort of their homes.
For Renters
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.
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.
How To Sell Your Co-op Apartment In NYC
How Is Selling A Co-op Different From Selling A Condo? A technical difference between a condo and a co-op is
New Development
Joining A Co-op Board In NYC: What Can You Expect?
Co-op Board in NYC Co-op boards in NYC have two legal obligations: Following the co-op’s internal rules/bylaws. Changes in these
What Is A Luxury Apartment in NYC?
A luxury apartment is not an official term. There are no specific criteria related to amenities and building features that
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
