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NYC Real Estate Attorney’s Closing Report: December 2015

February 21, 2016

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 2025 Broadway, NY, NY $645,000 Coop Sale 187 Edgecomb Avenue, NY, NY $938,000 CEMA Home Refinance 261 West 112th Street, NY, NY $820,000 Condo Purchase […]

Upcoming changes in FIRPTA Withholding

February 16, 2016

Today’s the day! Beginning February 16, 2016, certain provisions in 2015’s Protecting Americans from Tax Hikes Act (PATH), will go into effect. Among other things, this modifies the withholding rate imposed under the Foreign Investment in Real Property Tax Act (FIRPTA). The withholding rate is now increased from 10% to 15% in most dispositions after […]

Clients of Weidenbaum & Harari Featured in New York Times Real Estate Section

February 12, 2016

We were so pleased to see clients of our firm featured in the New York Times—they are wonderful people with a wonderful story. As first-time home buyers in their late fifties, Mr. Inzana and Ms. DeMichele were not typical purchasers. As the article describes, their later-in-life search began suddenly, after they were told that they […]

NYC Real Estate Attorney’s Closing Report: November 2015

February 8, 2016

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 10 Park Avenue, NY, NY $805,000 Coop Sale 18 West 48th Street, NY, NY $1,305,000 Condo Sale 1206 Pacific Street, BK, NY $450,000 Condo Purchase […]

Weidenbaum & Harari Quoted in TheStreet

February 5, 2016

This article from TheStreet, featuring a quote from our own Barry Weidenbaum, contains a detailed explanation of the capital gains home exclusion. Anyone with concerns about capital gains taxes on the sale of property should check it out.

Closing Costs

December 11, 2015

Below is a memo that outlines the typical closing costs associated with various New York City transactions. Closing Costs as of January 2015 (PDF)

NYC Real Estate Attorney’s Closing Report: October 2015

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. 227 East 87th Street, NY, NY $450,000.00 Coop Purchase 360 East 72nd Street,NY, NY $1,775,000.00 Coop Purchase 372 12th Street, BK, NY $611,000.00 Condo Sale 20 East 35th […]

The Mortgage Contingency Clause

November 19, 2015

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 […]

NYC Real Estate Attorney’s Closing Report: September 2015

November 15, 2015

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. 71 East 3rd Street, NY, NY $752,500.00 Coop Sale 207 East 74th Street, NY, NY $929,000.00 Coop Purchase 240 East 46th Street, NY, NY $785,000.00 Condo Purchase 7 […]