Bricktionary

Sell

What is a pied-à-terre? What makes it different from a typical NYC apartment?

By Evelyn Battaglia |March 5, 2026 - 10:30AM

Roommates + Landlords

What is the warranty of habitability and how does it affect tenants?

By Evelyn Battaglia |February 24, 2026 - 10:45AM

Rent

What is the certificate of occupancy and why is it such a big deal?

By Evelyn Battaglia |October 7, 2025 - 2:00PM

Modern residential buildings in Chelsea, Manhattan

Negotiations + Closings

What is a post-closing possession agreement and what are the risks for buyers and sellers?

By Brick Underground |July 16, 2025 - 12:30PM

A three-bedroom unit on the market for $1.525 million at Citylights

Sales Market

What’s a condop? What do I need to know about buying there?

By Evelyn Battaglia |May 6, 2025 - 10:30AM

The Search

Understanding net effective rent: Here's how to calculate your real monthly rent

… When you search New York City rental listings you may see the term net effective rent or a … factored into the advertised price giving you a discount For example if an apartment is $3600 a month and the … finding buildings offering the most valuable concessions negotiating with landlords and leasing agents and generally …

By Jennifer White Karp |March 26, 2025 - 4:00PM

Negotiating + Financing

What is a CEMA loan, and how can it reduce my mortgage recording tax?

… Yorkers The most common CEMA is offered to those who are refinancing their mortgage In some unique cases it is also … tax on a home loan It involves assigning a mortgage from one lender to another so your tax is only calculated on the … by owners who are refinancing Purchase CEMAs are rare but allow buyers to only pay tax on the new mortgage minus the …