The PKF O’Connor Davies article “Updated Fannie Mae and Freddie Mac Guidelines for Co-operative and Condominium Housing” discusses changes to lending practices in the wake of the Surfside, Florida condominium collapse. Authors Samuel E. Botta and Paul B. Kruger mention that in response to the collapse, lenders are reconsidering their emphasis on structural integrity requirements […]
Freddy Mac has reported that, as of the week ending November 17th, the interest rate for a 30-year fixed-rate mortgage has dropped from 7.08 percent to 6.61 percent, the largest decrease to occur within a week since 1981. This announcement comes amid predictions that the rate of inflation is beginning to slow, and offers some […]
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 215 East 79th Street, NY, NY $1,260,000.00 Coop Purchase 100 West 93rd Street, NY, NY $1,050,000.00 Condo Sale 5-03 50th Avenue, LIC, NY $1,995,000.00 […]
Congratulations! You are almost to the finish line of your Co-op purchase. Please take a moment to review the information below so that you may better understand what to expect as we approach your closing day. Some of the specifics described below may change based on the particular circumstances of your transaction. Please let us […]
Taking a break from the office, our staff recently visited Yankee Stadium to unwind and catch a game!
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 18 West 70th Street, NY, NY $1,350,000.00 Coop Purchase 373 Hoyt Street, BK, NY $2,574,500.00 House Purchase 17 East 89th Street, NY, NY $1,385,000.00 […]
According to the Federal Reserve Bank of New York, median home price expectations have declined by 1.4 percentage points, now below pre-pandemic levels. This may be great news for first-time homebuyers, as noted by Fannie Mae. According to their Home Purchase Sentiment Index, decreasing home prices, in combination with the sentiment that mortgage rates will […]
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 44 West 62nd Street, NY, NY $3,750,000.00 Coop Purchase 527 Vanderbilt Avenue, BK, NY $955,000.00 Condo Purchase 132 East 35th Street, NY, NY $660,000.00 […]
Self-management helps smaller buildings save on the expense of retaining a management company. In exchange, unit owners (or the shareholders of a coop) take on the responsibility of performing building related tasks. These can range from repair and maintenance work to accounting and record keeping services. While self-management can help buildings balance their budgets, self-managed […]
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 […]