Following a dip in the early Spring, the number of real estate transactions occurring in NYC has rebounded. How do we explain the increase while COVID remains a prevalent concern? This article published by the New York Times points to a number of contributing factors, including low mortgage rates, increases in the number of first-time […]
One side effect of the hardships imposed upon brick-and-mortar businesses during the Covid-19 pandemic is the potential for lost income for coop buildings with an attached commercial space. If a business is experiencing difficulties, it can lead to tough decisions for the coop, including whether to increase maintenance to cover the gap, or potentially face […]
Living in NYC, it’s often easy to overlook the city’s architectural marvels – even more so when most of it’s residents are stuck indoors. However, for those looking to learn more about the city’s distinct locations and their history, have a look at the series of interactive “virtual tours” published by the New York Times, […]
Many NYC real estate lawyers are familiar with coop and condo transactions, but our practice also includes representing clients with their house purchases. We have seen a recent uptick in house transactions in today’s changing market. If you are currently navigating this process, here are some initial tips to protecting the client’s interests. First, it’s […]
Just a short time ago, prior to the COVID-19 outbreak, the antiquated nature of New York real estate closings was still something the real estate community just learned to accept. Each closing typically required in-person attendance to review, sign and notarize piles of paperwork in exchange for certified bank checks, original ownership documents and keys […]
In response to uncertain market conditions due to the Covid-19 pandemic, some major institutional lenders may be changing their lending policies, including capping the loan-to-value ratio they are willing to approve. This is important to keep in mind on both sides of a real estate transaction, before getting into contract. Purchasers should discuss loan parameters […]
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 516 West 47th Street, NY, NY $960,000 Condo Sale 130 Jane Street, NY, NY $2,411,000 Coop Sale 2575 Palisade Avenue, Riverdale, NY $710,000 Coop […]
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 229 East 28th Street, NY, NY $340,250 Coop Sale 318 Central Boulevard, New Hyde Park, NY $605,000 House Purchase 657 East 26th Street, BK, […]
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 1320 Findlay Avenue, BX, NY $395,000 House Sale 200 East 61st Street, NY, NY $1,089,000 Condo Purchase 88 Prospect Park West, BK, NY $750,000 […]
As the fallout from the Coronavirus pandemic continues to affect New Yorkers, we wanted to briefly share a collection of helpful financial info compiled by the New York Times, including information on the recent stimulus package, rents and mortgages, and unemployment insurance. We hope that you are staying safe and well – while we are […]