NYC Real Estate Attorney’s Closing Report: February 2020

NYC Real Estate Attorney’s Closing Report: February 2020

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, NY $270,000 Coop Purchase
160 East 65th Street, NY, NY $825,000 Coop Purchase
10 Nevins Street, BK, NY $605,000 Condo Purchase
333 East 55th Street, NY, NY $810,000 Coop Purchase
370 Ocean Parkway, BK, NY $647,500 Coop Purchase
779 Riverside Drive, NY, NY $800,000 Condo Purchase
7 East 14th Street, NY, NY $2,612,000 Coop Purchase
200 East 89th Street, NY, NY $746,000 Condo Purchase

NYC Real Estate Attorney’s Closing Report: January 2020

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 Coop Purchase
4-74 48th Avenue, LIC, NY $438,000 Coop Sale
800 Riverside Drive, NY, NY $740,000 Coop Purchase
305 West 18th Street, NY, NY $925,000 Condo Sale
45 Troutman Street, BK, NY $60,900 Coop Purchase
2 Church Tavern Road, South Salem, NY $1,570,000 House Sale
491 Monroe Street, BK, NY $780,000 Condo Purchase
141 Attorney Street, NY, NY $585,000 Coop Purchase

From the NYTimes: Coronavirus Resources

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 working remotely at this time, we are still accepting new clients and would be happy to answer your questions about buying or selling residential real estate in the current climate.

NYC Real Estate Attorney’s Closing Report: October 2019

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
837 Washington Avenue, BX, NY $389,900 Condo Purchase
215 West 92nd Street, NY, NY $1,475,000 Coop Purchase
77 East 12th Street, NY, NY $750,000 Coop Sale
91 Leonard Street, NY, NY $3,915,000 Condo Purchase
200 East 36th Street, NY, NY $625,000 Coop Purchase
4 Lexington Avenue, NY, NY $1,999,000 Coop Purchase
70 Haven Avenue, NY, NY $410,000 Coop Purchase
78-10 34th Avenue, Flushing, NY $499,999 Coop Sale
400 East 52nd Street, NY, NY $340,000 Coop Purchase
62 West 62nd Street, NY, NY $2,275,000 Condo Sale

WHFirm Client’s Home Purchase Profiled in NY Times

Buying a home can be an immensely personal and transformative experience, and we are always glad to hear when our work has helped our clients reach new milestones in their personal or professional lives. When we helped Justine Chan purchase a condo in the Bronx in 2019, we couldn’t have guessed that the transaction would lead not only to a new career in real estate, but to a recent profile in the New York Times chronicling her story. Congratulations Justine!

In addition to her work as a realtor with Level Group, Justine is also the founder of Live With Plum, a resource guide for women purchasing real estate in the US. We hope that you check out both her company and the recent NY Times article in the links above.

From the New York Times: Buying a Home During a Pandemic

Even with the current instability in New York, we are glad to report that our firm is still receiving inquiries from new purchasers and sellers, and doing our very best to accommodate those reaching out.

In the face of shutdowns, quarantines, and other official measures intended to combat the spread of Coronavirus, it is difficult to predict what the next few days may bring. For those currently involved in a real Estate Purchase or sale, or those looking to initiate one, this brings a lot of uncertainty into the equation. For a little background, please see this article recently published in the New York Times.

The first and most important step for those currently buying or selling real estate is to discuss your plans with your attorney or another real estate professional. As the situation develops, we will advise of any alterations to our own hours and availability.

From CNN: NAR Cracking Down on Private Real Estate Listings

In recent news, the National Association of Realtors (NAR) recently updated its policies to limit the use of private real estate listings by its brokers. For buyers and sellers, this means that more listings will be publicly available sooner. For more information, please see the news release here.

NYC Real Estate Attorney’s Closing Report: September 2019

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
39 East 29th Street, NY, NY $1,519,997 Condo Sale
171 Greene Avenue, BK, NY $950,000 Condo Purchase
372 Central Park West, NY, NY $1,950,000 Condo Purchase
49 East 12th Street, NY, NY $750,000 Coop Purchase
432 Third Street, BK, NY $1,500,000 Condo Purchase
400 Central Park West, NY, NY $750,000  Condo Purchase
77 East 12th Street, NY, NY $795,000 Coop Sale
229 East 28th Street, NY, NY $410,000 Coop Purchase
160 East 91st Street, NY, NY $277,000 Coop Purchase
139 East 33rd Street, NY, NY $447,000 Coop Sale

From CNN – Intro to the Mansion Tax for Real Estate Purchasers and Sellers

New York’s Mansion Tax recently made the national news on CNN, so we wanted to briefly share the article here for anyone who has general questions about how the mansion tax works, which states levy one, and why.

It is important to be aware that, in New York City especially, the name “Mansion Tax” can be misleading, since the median home price locally is higher than the $1 million benchmark at which the tax is levied – so a property doesn’t exactly need gold-plated bathtubs in order to qualify.

If you would like more info about the Mansion Tax in New York, or would like to know if your transaction qualifies, you can read more about it on our blog here.

WHFirm Co-founder Gives Real Estate Lecture at Google New York Headquarters

Founding partner Jack Harari spoke recently at Google’s New York Headquarters, continuing Buying 101, a lecture series in Partnership with Lifelaidout’s Roger Ma. Real Estate transactions in New York City are often far more complex than their counterparts elsewhere in the US, and Buying 101 aims to provide helpful information and advice tailored to employees who may be looking to purchase residential property for the first time.

If you are looking at a prospective purchase yourself, don’t hesitate to give our office a call!