Articles

For Residential

What Is A Condop?

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.

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What Is A Tax Abatement?

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.

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What Are Post-War and Pre-War Buildings?

All the buildings in NYC built in the last century can be divided into pre-war buildings and post-war buildings, based on whether they were built before or after the Second World War.

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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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What Are Inspections?

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.

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