Resources
Deadlines Within Deadlines: Cooperative Board Packages and Commitment Letters in NYC Real Estate Closings
A buyer (for purposes of this article, let’s call her Sally Streetwise) works with her broker to find a property she loves in a beautiful cooperative. The br...
Read more >>5 Things to Consider When Choosing a NYC Real Estate Attorney
When buying or selling a property, a knowledgeable lawyer that practices Real Estate law will help make sure you get exactly what you want out of the transac...
Read more >>Helpful Resources for Purchasers
Though we navigate it every day, the Due Diligence process can often appear opaque or overwhelming to new buyers. The City, State, and Federal governments ho...
Read more >>NYC Housing Mysteries: What is an I-Card?
The I-Card is a paper record that the City of New York adopted in 1902 to document the required building improvements of tenements and multiple dwelling buil...
Read more >>A Beginner's Guide to the 421 Tax Abatement
What is it And Who Qualifies? The 421-a tax abatement was created in 1971 to encourage the development of underutilized or unused land by significantly reduc...
Read more >>Some Useful Links For Buyers and Sellers
Are you having a hard time finding resources on Real Estate subjects? We recently compiled a list of useful links for those looking to learn more about real ...
Read more >>From the NY Times: What to Expect when You're Closing
The closing is the climactic moment in a Real Estate transaction, when the deal is finalized and the money finally changes hands. However, the big moment can...
Read more >>What are HDFC Buildings?
HDFCs (Housing Development Fund Corporations) are essentially income-restricted cooperatives; they limit a potential purchaser’s ability to buy in based on w...
Read more >>Understanding Contracts: the Statute of Frauds
Contracts are at the heart of buying and selling real estate. This is because, by law, no real property can legally change hands (with the exception of a lea...
Read more >>A Beginner's Guide to Condops
A condop is a co-op governed by condominium rules, right? Not quite. Colloquially, “condop” often refers to a co-op that claims to have a lenient board and s...
Read more >>Transfer Taxes: A Guide for the Perplexed
Real Estate Taxes in New York State are complex, and it can be difficult for a first-time buyer to know what they will owe. The chart attached here should cl...
Read more >>Closing Costs
Below is a memo that outlines the typical closing costs associated with various New York City transactions. Closing Costs as of April 2019 (PDF)
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