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What Is A Gut Renovation?

Any renovation or remodeling of an apartment or another structure that requires stripping away the walls and flooring to expose the “guts” of the structure is called a gut renovation. A full building or apartment gut renovation sometimes also includes tearing down walls, which leaves you with just the outer structure (shell) and load bearing […]

What Is A CAP Rate

Cap rate or capitalization rate is a simple ratio that allows real estate investors to understand what percentage of the capital they have invested they will get back as profit (each year). Cap rate can also tell a real estate investor how much profit they are making compared to how much they have invested in […]

What is a LEED Building?

What Is A LEED Building In NYC? A building in NYC that’s built or modified to be more energy-efficient, environmentally friendly, and green can receive a Leadership in Energy and Environmental Design (LEED) certification. These buildings are called LEED buildings or LEED-certified buildings. The LEED rating system was created by US Green Building Council (USGBC), […]