Bloomberg recently reported that resale prices for residential coops and condos in Manhattan fell noticeably in the third quarter of this year, and are currently at their lowest point since 2011, as a high number of active listings forces forces sellers to lower asking prices across the board. Median prices, as reported, have dropped 8% […]
NYC Real Estate Attorney’s Closing Report: June 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 150 Myrtle Avenue, BK, NY $800,000 Condo Sale 320 East 42nd Street, NY, NY $380,000 Coop Purchase 206 East 95th Street, NY, NY $580,000 […]
From the Web: Home Staging Info for NYC Buyers and Sellers
We wanted to briefly share this interesting article published by CNN, which serves as a good introduction to a growing trend in the Real Estate listing process. “Virtual Home Staging” is a process that realistically superimposes digital images of furnishings into photographs of an empty property. As with any home staging, the intention is to […]
New York State: Upcoming Changes to Transfer and Mansion Taxes for Real Estate Closings
The New York State Legislature recently announced changes to the Purchaser’s Transfer Tax (commonly known as the “Mansion Tax”), and the New York State Transfer Tax, which were passed as part of the 2020 budget. The changes to the Mansion Tax will affect any real estate closings taking place after July 1, 2019, unless the […]
New York State Changes to Transfer Tax and Mansion Tax Rates: Will My Closing be Affected?
By now, you may have heard about the New York State’s revenue legislation as part of the 2020 budget, which contains substantive changes to the Purchaser’s Transfer Tax (commonly known as the “Mansion Tax”) as well as the New York State Transfer Tax. The changes take effect for transactions that close July 1, 2019 and […]
Tips from a New York Real Estate Bank Attorney: Best Practices to Improve Saleability and Avoid Post-Closing Stress
NYC closings generally take up to two hours to close when there is financing. During that time, buyers, sellers, their attorneys, transfer agents, and real estate brokers spend some amount of time eyeing the bank attorney – a collective mental push builds, urging the bank attorney to work faster, faster, faster. However, a bank attorney’s […]
WHFirm Attorney Delivers Real Estate Lecture at Google NYC
We would like to extend our thanks to Roger Ma of Lifelaidout, along with Google’s NYC headquarters, for once again hosting WHFirm partner Jack Harari as part of their Buying 101 lecture series. The series aims to help educate Google’s staff about the ins and outs of New York City real estate purchases, which are […]
WHFirm Attorney Speaks at First-Time Home Buyer Event
We would like to briefly thank Andrew Fishkind, Emily Margolin, and the crew at Douglas Elliman’s Anders Austad team for the opportunity to speak at their First-Time Home Buyer Seminar on February 25th. WHFirm Partner Jack Harari gave a lecture aimed at familiarizing potential buyers with the process of purchasing property in New York City. […]
NYC Real Estate Attorney’s Closing Report: November 2018
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 100 West 94th Street, NY, NY $985,000 Coop Sale 20 East 9th Street, NY, NY $1,700,000 Coop Sale 342 East 53rd Street, NY, NY […]
WHFirm Attorneys Give Lecture on NYC Real Estate Topics
Congrats to WHFirm Partners Jack Harari and Michael Zadjelovich, who recently taught a continuing education course in partnership with MiT National Land Services. The December 4 lecture, aimed at real estate brokers and other professionals in the industry, explored the due diligence process that occurs early in a real estate purchase, including the small details, best […]