Co-ops are a real estate phenomenon mostly exclusive to NYC – while you may find a few here and there in other parts of the U.S., the normally elusive co-op apartment building accounts for about 75% of the residential real estate in the big apple. Purchasing in a co-op can be very different to purchasing […]
If you’re thinking of buying or selling a co-op or condo in New York, chances are you’ve heard talk of the building’s offering plan. So, just what is an offering plan, anyway, and why do attorneys care so much about what’s in it (and, for that matter, why should you care)? Top NYC real estate attorney Sandy Schwartz, Partner at […]
If you’ve checked out any co-op listings in NYC, you’ve most-likely seen a note in the listing information something to the effect of “% tax deductible.” Ever wondered what that means or how it’s figured out? It’s actually fairly simple. When you purchase property, your real estate taxes and any interest you pay on your mortgage are tax […]
Thinking of buying a new home or investment property and not sure whether or not you want to work with a real estate agent or go it alone? Here’s the lowdown on the questions asked most frequently about working with brokers. Do I need an agent from each company to make sure I see all […]
When we talk about buying and selling property in NYC, we put a lot of focus on co-ops and condos, since these types of properties make up such a large percentage of the available housing stock in the city. However, we shouldn’t neglect discussion of the revered townhouse, considered by many to be the creme […]