Articles
For Buyers
What Are All-Cash Transactions?
Buying a property in an all-cash transaction, unlike buying with financing, allows buyers to close on a property much faster and makes the whole process relatively simpler.
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.
What is A Co-op/Condo Reserve, And How Does It Impact Buyers and Residents?
What is A Co-op/Condo Reserve Fund? Most co-op and condo buildings in NYC have two types of funds. An “active” fund or account that is
For Sellers
What Is A Flip Tax / Transfer Fee
A flip tax is a transfer fee (usually between 1% and 3%) that co-op sellers have to pay when selling their apartments.
What Is An HDFC Building?
An HDFC building is subsidized housing for low to medium-income families, mainly for owner-occupation.
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.
For Renters
Is It Legal To Get A Roommate In NYC?
While it’s legal to get a roommate in NYC, there are certain stipulations attached to this
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.
6 Things You Need To Know Before You Find Your First Tenant
Subletting Rules of Your Building If you own a single-family home or a multi-family property,
Commercial
18 Best Steakhouses In NYC
Best Steakhouses In Manhattan Keens Steakhouse (72 W 36th St): Keens is a USDA-Prime-only steakhouse
Buying A Co-op As A Freelancer – What To Expect?
Freelancing has become more mainstream in the past decade. There are about 1.3 million freelancers in
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.
Neighborhood Series
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.
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.
Financial District
Financial District is home to some of the most iconic and historically important buildings and institutions in NYC.
New Development
Everything You Need To Know About NYC Brownstones
What Is Brownstone? Brownstone is a type of sandstone commonly used in construction. It’s not
Downsizing in NYC – Strategies and Best Practices
Whether you rent or own your home in NYC, there comes a time when you
Sponsor Units – What Do NYC Apartment Buyers Need To Know About Them?
Sponsor units are builder or developer-owned apartments in condos and co-ops that can be sold by bypassing board approval requirements.
