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

… to the ground Some owners refer to them simply as second homes According to Martha Stark a clinical professor at the … commissioner who has examined the citys data on second homes properties are considered piedsàterre if they are not … for March 2025 If youre in the market for a second home in NYC or are looking to sell your apartment and want …

By Evelyn Battaglia |March 5, 2026 - 10:30AM
What is the certificate of occupancy and why is it such a big deal?

… When youre buying in New York City one of the documents you will need … is sometimes shortened to C of O or just CO It identifies how a building can be usedfor example whether it is zoned … would also need to be met C of O problems tend to arise for buyers in new construction buildings which may have a TCO …

By Evelyn Battaglia |October 7, 2025 - 2:00PM
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 … pay it again What are CEMA loans and when they make sense How they work CEMA loans can help you avoid paying the full …

By Evelyn Battaglia |March 25, 2025 - 9:30AM
What is a mortgage recording tax? Are there ways to reduce it?

… and the tax for the buyer is calculated on the unpaid principal  Heres how it works Say an initial mortgage was … tax rate of 18 percent You dont pay twice for the unpaid principal of the original mortgage when the loan is assigned …

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