Anticipated Seller Closing Costs
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:…
10 Steps to Buying in Manhattan
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 Unpredictable World of Coop Board Applications
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…
Cheryl’s News & Views on the City That Never Sleeps
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…
Cheryl’s News & Views on the City that Never Sleeps
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…
Why Buy Now?
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 International Real Estate Investing
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…
The Laurel – 400 East 67th Street
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…
Housing in the UK
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…
New Appreciation in these Unprecedented Times
I trust this message finds you safe, happy and healthy. I am an optimist and confident, some blessings will come out of these trials. As for me, I have new…