Compared to partial or cosmetic renovations, a gut renovation project can be costly, challenging, and time-consuming, but it allows you to recreate your home interior almost from scratch.
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.
A flip tax is a transfer fee (usually between 1% and 3%) that co-op sellers have to pay when selling their apartments.
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.
Over the course of more than four centuries, DUMBO has evolved from a marshy farmland into one of the most expensive neighborhoods in Brooklyn.
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.
A condo questionnaire is a document used by mortgage lenders to assess condominium buildings a prospective borrower is trying to buy a condo in.
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.
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.
