NYC Real Estate Attorney’s Closing Report: January 2022

April 8, 2022

Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call. Property Value Transaction 140 West 69th Street, NY, NY $335,000.00 Coop Sale 19 East 88th Street, NY, NY $3,700,000.00 Coop Sale 100 West 12th Street, NY, NY […]

From Reuters: Low Inventory to Drive Housing Prices Upward in 2022

April 4, 2022

Housing prices are expected to rise by over 10 percent this year, according to projections published by Reuters. This trend, driven by scarcity of property for sale and higher-than-expected-demand, has also been driven by low interest rates, though these are expected to rise. While this is only a projection, and may be affected by outside […]

NYC Real Estate Attorney’s Closing Report: December 2021

March 29, 2022

Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call. Property Value Transaction 220 East 67th Street, NY, NY $335,000.00 Coop Purchase 20 West 64th Street, NY, NY $1,795,000.00 Condo Sale 255 East 74th Street, NY, NY […]

New York’s Real Estate Market is Back and Surging with Demand

March 24, 2022

In March of 2020, New York became the epicenter of the global COVID-19 pandemic, forcing the state to enact a series of pandemic restrictions. Many New Yorkers fled the city to suburban areas like Woodstock, Wappingers Falls, and Fairfield, Connecticut.[1] Residential spaces went vacant, and asking prices increasingly dropped to lure buyers. Homeowners, uncertain of […]

Electronic Notarizations to be Permitted in New York

February 7, 2022

Efforts to quarantine the novel coronavirus pandemic have created several obstacles to real estate closings in New York City, especially as regards in-person notarizations. As more business transactions are conducted remotely and social distancing orders remain in place, many states have passed legislation to permit remote online notarizations. On December 22, 2021, Governor Kathy Hochul […]

The Mortgage Contingency Clause

December 29, 2021

By Jack Harari Sellers and Buyers alike often inquire as to the meaning of the “mortgage contingency clause,” one of the more significant clauses in New York real estate contracts. Simply put, a mortgage contingency clause ensures that if a buyer promptly applies for a loan from a qualified lender, but fails to obtain a firm […]

From the NYTimes: How ‘Cool Roofs’ Can Help Fight Climate Change

December 24, 2021

In response to recent heat waves that have buffeted New York City, the cool roof initiative is taking action. “NYC CoolRoofs” plans to transform city roofs into cool roofs with a new coat of white paint. These lightened roofs can help decrease the temperatures of the building, cutting down on air conditioning and energy use […]

NYC Real Estate Attorney’s Closing Report: November 2021

December 21, 2021

Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call. Property Value Transaction 175 Spencer Street, BK, NY $665,000.00 Condo Purchase 4 Bogardus Place, NY, NY $417,500.00 Coop Purchase 125 Eastern Parkway, BK, NY $1,025,000.00 Coop Purchase […]

From Forbes: New York After Covid-19: How are Rent and Real Estate Prices Doing?

December 17, 2021

Covid-19 and Hurricane Ida shook New York City this past year, and many feared that NYC real estate would not be able to bounce back. However, the market has already shown increases in single-family home and condominium prices, as well as rental prices across all five boroughs. This article walks through the drastic effects of […]

NYC Real Estate Attorney’s Closing Report: October 2021

December 15, 2021

Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call. Property Value Transaction 199 Bowery, NY, NY $1,040,000.00 Condo Purchase 138 Broadway, BK, NY $2,355,000.00 Condo Purchase 225 Central Park West, NY, NY $1,615,000.00 Coop Purchase 13 […]