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.
Written by: Brett Ari Fischer - The New York City Broker
DUMBO
Over the course of more than four centuries, DUMBO has evolved from a marshy farmland into one of the most expensive neighborhoods in Brooklyn.
Written by: Brett Ari Fischer - The New York City Broker
Different Types Of Apartments In NYC
NYC is home to over 3.4 million apartments, and these apartments can be divided into numerous types based on layouts and some other factors.
Written by: Brett Ari Fischer - The New York City Broker
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.
Written by: Brett Ari Fischer - The New York City Broker
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.
Written by: Brett Ari Fischer - The New York City Broker
What Is A Certificate of Occupancy (C of O)?
In NYC, a Certificate of Occupancy is issued by the Department of Buildings and determines the use and occupancy status of a building. Read on to find out more.
Written by: Brett Ari Fischer - The New York City Broker
What Is A Capital Gains Tax?
When selling a property (an asset) for a profit, you will have to pay capital gains tax, the amount of which is determined by several factors.
Written by: Brett Ari Fischer - The New York City Broker
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.
Written by: Brett Ari Fischer - The New York City Broker
What Is Board Approval?
Board approval is the permission you need from the condominium or co-op board before purchasing and occupying (or renting out) an apartment in the building.
Written by: Brett Ari Fischer - The New York City Broker
