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

… If you plan on selling your apartment or brownstone in New York City youll … Capital gains tax is levied on the profit you make selling your place and it varies depending on your income … 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
The buyer's and seller's guide to NYC closing costs

apartment is difficult to sell a seller or developer may be willing to cover some costs to seal a deal Overall when … can estimate it at 045 percent of the price which can be as much as $4500 for a $1 million property   Coop buyers do not … 5 percent or as high as 10 percent of the purchase price  How buyers can lower closing costs Buy a brand new condo in …

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