New york is full of variety, and the real estate is no exception. There’s a lot to consider when choosing what type of building you want to live in. Sure, it’s good to keep an open mind when you’re first starting to look for a new apartment, but having a general idea of what type of […]
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 […]
So, you’ve finally closed on your new home. At long last, the place is yours. You’ve got your keys and you’re ready to go. Not so fast. In all the excitement of closing on a new property, many buyers fail to keep track of the mounds of paperwork their attorney hands over after the deal […]