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

… for commercial or residential useand how many households are allowed at the address Whats more if youre a buyer … to close … If youre in the process of buying a condo or coop and have found out it lacks a C of O or TCO youll want … cases this can be avoided he said There are also situations where a buildings C of O may be missing or problematic such …

By Evelyn Battaglia |October 7, 2025 - 2:00PM
What is a post-closing possession agreement and what are the risks for buyers and sellers?

… by Emily Myers and Celia Young … Buy … Negotiating + Financing … Sell … Negotiations + Closings … Bricktionary … closing … In case …

By Brick Underground |July 16, 2025 - 12:30PM
What is a pied-à-terre? What makes it different from a typical NYC apartment?

… Piedàterre is the term used to describe an apartment that isnt an owners primary residence If the name … NYC or are looking to sell your apartment and want to know what appeals to a piedàterre buyer read on … Who is buying …

By Evelyn Battaglia |March 7, 2025 - 12:30PM
What is a community land trust? How does it help low-income buyers?

The key to understanding what a community land trust is … buildings that will create up to 100 permanently affordable coop units for households earning 5080 percent of the area … for the New Economy Project which works with community groups in NYC Earlier this month the nonprofit held a rally …

By Jennifer White Karp |February 25, 2025 - 2:00PM
What is a mortgage recording tax? Are there ways to reduce it?

… Buying a coop condo or house in New York City means you can expect to pay several hefty fees … youre buying a place at or above $1 million Then theres the transfer tax title insurance a lien search for a coop andif …

By Brick Underground |February 18, 2025 - 12:30PM