Articles

What Is A Managing Agent?

A managing agent is crucial to the healthy operations of a co-op or condominium building and allows for minimal board intervention for maximum resident satisfaction.

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What Is A Condo Questionnaire?

A condo questionnaire is a document used by mortgage lenders to assess condominium buildings a prospective borrower is trying to buy a condo in.

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What Is ACRIS?

ACRIS allows buyers, property owners, brokers, and attorneys to look at and gain insights from property documents like deeds and mortgage records.

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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 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.

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.

Upper West Side

The Upper West Side is a populous neighborhood full of attractions, lively food establishments, and home to a large, diverse community.

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Battery Park City

Created by filling up the Hudson River with the soil and rock excavated when digging for the Word Trade Center, Battery Park City is a gorgeously curated NYC neighborhood.

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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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