When you are looking into NYC real estate as an investment avenue, one of the most important decisions you will have to make is regarding
Condops are co-ops with commercial properties in which residential units are combined in a co-op while commercial units retain the freedom of condos.
A townhouse or single-family offers more privacy and control, but it comes with its own sets of challenges and problems that you should be aware of.
A tax abatement allows property owners in NYC to reduce their property tax obligations. The right abatement can significantly reduce the cost of owning a property.
As a buyer, you need to know all about the contingencies you can add to your real estate contract to give you an easy way out, as well as when you might need to waive them.
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.
An inspection is an assessment of the property’s condition done by a licensed professional in which they aim to identify any problems with the property.
HOA fees and condo common charges are paid to the managing bodies responsible for the community, while property taxes are paid to the city government.
A flip tax is a transfer fee (usually between 1% and 3%) that co-op sellers have to pay when selling their apartments.
