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

… presenting it again with updated information for March 2025 If youre in the market for a second home in NYC or are … said Frank Barone an agent at Douglas Elliman Piedsàterre arent exclusively for the superwealthy either Some buyers are … from 2023 puts the total number of piedàterre properties in Manhattan at 10415 of which about 80 percent are condos  In

By Evelyn Battaglia |March 5, 2026 - 10:30AM
What is the warranty of habitability and how does it affect tenants?

… is required to have a minimum of services guaranteed by the landlord This is the warranty of habitabilitya set of … This issueas well as the warranty of habitabilitywere addressed during Brick Underground Office Hours a live forum … complaints to the landlord in writing either in a letter or email  Withholding monthly payments whether its rent or …

By Evelyn Battaglia |February 24, 2026 - 10:45AM
What’s a condop? What do I need to know about buying there?

… Condops are mixeduse coop buildings with commercial or nonresidential space on the ground floor As a result they will have multiple boards that separately govern the residential and commercial parts of the building  … Why NYC … as a condop and built on leased rather than owned  land Read more about the ins and outs of buying in a  …

By Evelyn Battaglia |May 6, 2025 - 10:30AM
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 higher rent amount called the gross rent This can … is offering a free month of rent as a concession on a 12month lease then the net effective rent will be $3300 …

By Jennifer White Karp |March 26, 2025 - 4:00PM
What is a CEMA loan, and how can it reduce my mortgage recording tax?

… extension and modification agreement or CEMA is a loan only available to New Yorkers The most common CEMA is … two said Miguel Lopez an attorney who works with National Cooperative Bank Editors note A previous version of this … in April 2024 We are presenting it again with updated information for March 2025 For example if you have a principal …

By Evelyn Battaglia |March 25, 2025 - 9:30AM