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

buying in New York City one of the documents you will need to obtain is the certificate of occupancy which is sometimes shortened to C of O or just CO It identifies how a building can be usedfor example whether it is zoned … going to approve your mortgage  And if youre a tenant and find out the apartment doesnt have a C of O you can withhold …

By Evelyn Battaglia |October 7, 2025 - 2:00PM
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 … Lopez an attorney who works with National Cooperative Bank Editors note A previous version of this post was … pay tax on the new mortgage minus the remaining balance transferred from the seller Because the recording tax is …

By Evelyn Battaglia |March 25, 2025 - 9:30AM
What is a pied-à-terre? What makes it different from a typical NYC apartment?

… School of Public Service at NYU and a former New York City finance commissioner who has examined the citys data on … for March 2025 If youre in the market for a second home in NYC or are looking to sell your apartment and want to know … Manhattan near the citys cultural institutions and business centers  Coop buildings on Fifth Avenue in Midtown have long …

By Evelyn Battaglia |March 7, 2025 - 12:30PM