Buying in NYC

Qualified opportunity zones are census tracts in all 50 states, all U.S. territories and Washington D.C. that have been designated by their respective governors as low income or economically distressed areas, and thus eligible for tax deferred investment through qualified [...]

Estate planning is an important yet overlooked topic for many existing homeowners and first time home buyers in New York, particularly in NYC. While the use of a will is the most commonly used way to plan for the distribution

No. Home buyers needn't bother searching on brokers' websites because they will either have incomplete data, listings and/or be onerous to access (i.e. registration required). Furthermore, even the most expensive, custom built agent website will be hard pressed to compete

The residential real estate industry was heavily impacted by the outbreak of COVID-19. While the industry was deemed ‘essential’ during the crisis and permitted to continue in-person operations in many jurisdictions, the disease itself has ushered in a new wave

A proprietary lease is a binding lease agreement between a shareholder and a cooperative corporation governing the relationship between the parties and the terms of the shareholder's residency in the building, and more specifically their apartment within the building. Table

The residential real estate industry nationwide is experiencing considerable amounts of disruption and uncertainty stemming from the COVID-19 pandemic. While the real estate market is still open and both new and existing deals are moving forward, buyers and sellers face

New York co-op apartment buyers typically do not pay for co-op title insurance, primarily because it's not a required closing cost and also because a co-op lien search already affords them $50,000 in coverage against any missed liens. However, buyers'

The Coronavirus pandemic will likely have several long-term effects on the NYC real estate market, such as accelerated adoption of 3D Virtual Tours and a new wave of permanent rules and restrictions on open houses implemented by condo and co-op

A co-op tax abatement assessment allows a co-op to raise additional revenue for ongoing building operations and capital improvements by ‘capturing’ tax abatement or tax exemption proceeds paid to the co-op corporation by the city of New York instead of