How to reduce your capital gains tax when selling your NYC co-op, condo, or brownstone

… in New York City youll want to consider ways to reduce your tax exposure  Capital gains tax is levied on the profit you make selling your place and it … and lower your tax by making capital investments to your property so if you remodel your bathroom thats deductible …

By Brick Underground |February 10, 2025 - 1:30PM
Is my co-op maintenance tax deductible? How does this work?

… … Yes if you own in a coop building a portion but not all of your maintenance will … deduction for the share of your maintenance that is applied to real estate taxes and mortgage interest  Each building is … the article ran in December 2021 We are presenting it again with updated information for  February 2025 … Shareholders …

By Brick Underground |February 7, 2025 - 12:30PM
The buyer's and seller's guide to NYC closing costs

… to pay anywhere from $350 per year for the most basic policy to around $1500$2500 annually for good coverage on a … for paying the broker fee  … Broker fees …  Before REBNYs policy went into effect on January 1st 2024 sellers were …

By Evelyn Battaglia |January 6, 2025 - 10:00AM