Buying in NYC Archives - Page 5 of 39

Download the latest REBNY Financial Statement template. Read our comprehensive guide to completing the REBNY Financial Statement.

Sample REBNY Financial Statement

By Sonja Gosine, Spokesperson at Hauseit® / January 3, 2023

The REBNY Financial Statement provides sellers and listing agents with an overview of your financials. It's typically required when submitting an offer on a co-op apartment in NYC in order to determine whether you meet the co-op's financial requirements. Click [...]

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The Special Clinton District is a special NYC zoning district with height restrictions which extends west of Eighth Avenue from W 41st to W 59th Streets in Manhattan.

What is the Special Clinton District in Manhattan?

By Sonja Gosine, Spokesperson at Hauseit® / December 1, 2022

The Special Clinton District is a special NYC zoning district which extends west of Eighth Avenue from West 41st Street to West 59th Streets in Manhattan. It was created in 1974 in order to preserve the neighborhood’s low-scale and largely

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The terms ‘under contract’, ‘pending’ and ‘contingent’ in real estate are often used interchangeably, but they have slightly different meanings in some areas.

Contract vs. Pending vs. Contingent in Real Estate: What’s the Difference?

By Sonja Gosine, Spokesperson at Hauseit® / November 19, 2022

The phrases ‘under contract’, ‘pending’ and ‘contingent’ in real estate are often used interchangeably, but they have slightly different meanings in some areas. All of these terms signify that a home has an accepted offer and there is a fully

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Students are not a protected class under NYC, NYS or federal fair housing laws. However, a student may fall under other protected classes such as age and familial status.

Are Students a Protected Class in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / November 7, 2022

Students are not a protected class under NYC, NYS or federal fair housing laws. This may come as a surprise since NYC has the strictest fair housing laws in the country. However, students in NYC may fall under other protected

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NYC affordable housing lotteries are available for qualifying households with incomes up to $255,420. Learn how to apply.

How to Apply for a NYC Affordable Housing Lottery

By Sonja Gosine, Spokesperson at Hauseit® / November 2, 2022

Affordable housing opportunities are available throughout all five boroughs of NYC. These programs are designed for lower and middle income individuals, but the income limits can be surprisingly high for certain lotteries. Affordable housing opportunities in NYC include both rental

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What is the Right of First Refusal in real estate? How does a Right of First Refusal work in NYC and is it ever used? What does a sample waiver look like?

How Does a Right of First Refusal Work in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / September 24, 2022

A Right of First Refusal is a typical procedure in a Condominium's By-Laws which allows the condominium corporation to purchase an apartment at the same terms as a prospective buyer who has already signed a contract to purchase a unit.

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Pros of living in a doorman building in NYC include security and convenience. Cons include less privacy, added cost, more rules and potential conflict.

What Are the Pros and Cons of Living in a Doorman Building In NYC?

By Sonja Gosine, Spokesperson at Hauseit® / September 22, 2022

Pros: Security Convenience Problem resolution Better maintenance of common areas Cons: Higher carrying costs Less privacy Risk of conflict Onerous and selective rule enforcement

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There is a limit to how often you can sublet your rent stabilized apartment in NYC, and you cannot make a profit.

How to Legally Sublet a Rent Stabilized Apartment in NYC

By Sonja Gosine, Spokesperson at Hauseit® / September 6, 2022

It’s legal for you to sublet your rent stabilized apartment in NYC provided you adhere to specific rules and procedures. There is a limit to how often you can sublet, and you’re prohibited from charging the subletter more than what

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Tenants of unregulated, free-market apartments in NYC have several automatic rights and protections.

What Rights Do Free Market Tenants Have In NYC?

By Sonja Gosine, Spokesperson at Hauseit® / August 31, 2022

Tenants of unregulated, free-market apartments in NYC have several automatic rights and protections which we outline in this article. These include the rights to sublet and to have a roommate, limitations on the size of security deposits, protections under the

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Rent security deposits in NYC are capped at 1 month of rent. Landlords are required to return security deposits within 14 days of moving out.

NYC Rent Security Deposit Laws

By Sonja Gosine, Spokesperson at Hauseit® / August 31, 2022

Rent security deposits in NYC and in New York State are capped at one month of rent according to the Housing Stability and Tenant Protection Act of 2019. This limitation does not apply to seasonal rentals of 120 days or

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