Cooperatives (Co-ops) Co-ops represent approximately 70% of Manhattan's available housing inventory. When purchasing a co-op, you're not buying real property but rather shares in a corporation that owns the building.…
For Co-op Sales: Broker commission: Typically 5-6% of sale price Attorney fees: $2,500-$5,000 NYC transfer tax: 1% of price over $500,000 NYS transfer tax: 0.4% of sale price Flip tax:…
1. Prepare Financially Determine your budget and secure mortgage pre-approval Prepare for substantial closing costs (1-4% of purchase price) For co-ops: Prepare to show substantial liquid assets beyond down payment…
The Coop Conundrum: When Board Approvals Become a Rollercoaster RideNew York City's real estate market is unique, and cooperative housing represents one of its most fascinating and distinctive features. As…
Can you believe it's already February? It is a leap year, so February has an extra day, there will be 29 days in February, rather than 28. That 29th day…
MANHATTAN | JANUARY 2024 As we embark on the first market update of 2024, let's review the trends, shifts, and notable events that shape the financial landscape.It was a challenging year for…
It is impossible to time the market, analyze your objectives, your current liquidity, and your long-term goals. Savvy buyers are out there now looking to buy. Are you one of…
Over the course of my 20 years in real estate investing, what insights have I gained as a real estate investor? Start at an early age:Start investing in real estate…
I have faith in NYC and its long-term prospects. It is a one-of-a-kind city that nearly everyone would like to visit and/or live in, and that appeal is not dying…
In February 2021, private rent levels in London were up by 0.8% compared with the same month a year ago while the rest of England increased by 1.6%. The average…