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

… their mortgage In some unique cases it is also available to buyers  Why do owners and buyers use a CEMA This maneuver can help you avoid paying … and you want to do everything you can not to pay it again What are CEMA loans and when they make sense How they work …

By Evelyn Battaglia |June 18, 2026 - 9:30AM
What’s a condop? What do I need to know about buying there?

… percent the shareholders couldnt take advantage of certain homeowner tax deductions To fix that owners and developers … of coops while giving the sponsor the ability to own or rent the commercial spaces in the building with all the … including common hallways or laundry rooms What to know about buying or selling a condop in NYC Multiple boards add …

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 … with landlords and leasing agents and generally getting the best possible deal put your search into the smart and …

By Jennifer White Karp |March 26, 2025 - 4:00PM
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 … says attorney Neil Garfinkel managing partner at the law firm Abrams Garfinkel Margolis Bergson Its also a tax … not tied to the terms of the old mortgage  The terms are changed so if there was a prepayment penalty on the old one …

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