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So You’ve Found the Perfect Place…Now What about Getting a Loan?
Julie Teitel of Guardhill Financial explains what you need to know to make sure your prospective coop or condo is credit-worthy. Since the real estate/financing correction of 2008, many guidelines and...
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5 Concerns for Prospective New Development and Condo Buyers in New York City
By Sandor Krauss As a New York City real estate attorney, I’ve negotiated my fair share of closings. Before closing your transaction, you’ll need to consult an attorney. But, if you’re new to the...
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The Ins and Outs of Financing a Condo in NYC
By Alan Bachman Buying and financing a NYC condo is almost like buying a house. It is also very different. A responsible buyer must ask a lot of questions about any property before plunking down...
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Co-Op and Condo Insurance 101
By Neil Garfinkel and Matthew Meisel When you buy a condominium unit or a cooperative apartment in New York City, the condominium or co-op board will generally maintain a master insurance policy...
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The New 3.8% Investment Tax: How Does This Affect Real Estate Transactions
By Neil Garfinkel and Ivan Sperber of Abrams, Garfinkel, Margolis, Bergson LLP As of January 1, 2013, a new 3.8% federal tax on investment income will go into effect. Contrary to widely disseminated...
View ArticleNancy Packes’ Predictions for the NYC New Dev Market in 2013
In 2013 and 2014, there will be approximately 1,000 new development units coming into the Manhattan market compared to 8,000 units in 2006 and 2007, according to nyc new dev guru Nancy Packes. Watch...
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