What owners and would-be buyers should know about the increased SALT deduction cap

The Trump administrations One Big Beautiful Bill Act … see the new SALT limit having much of an impact on the NYC real estate market but it may help some individuals The … said OBBBA did not impose any new restrictions on PTET … What unlimited SALT would look like … NYC Comptroller Brad …

By Jennifer White Karp |July 21, 2025 - 4:30PM
Mayor Adams is bringing the tax lien sale back. Here’s how to get your property off the list

… it again with updated information for May Housing advocates said its critical for owners on the list to act … Neighborhood Economic Justice Project of  Legal Services NYCs Brooklyn office These may be owners who are entitled to an exemption because they are a senior veteran or have a disability Owners can lose their …

By Jennifer White Karp |May 16, 2025 - 9:30AM
What is a CEMA loan, and how can it reduce my mortgage recording tax?

… modification agreement or CEMA is a loan only available to New Yorkers The most common CEMA is offered to those who are … to do everything you can not to pay it again What are CEMA loans and when they make sense How they work CEMA loans can … lender the process is easier because theres no need to get approval for reassigning the loan However if you switch …

By Evelyn Battaglia |March 25, 2025 - 9:30AM
How to reduce your capital gains tax when selling your NYC co-op, condo, or brownstone

… five years you wont have to pay capital gains tax on the first $250000 of your profit if youre single or $500000 if … arent capital improvements and neither are regular repairslike painting or new carpeting youve installed over the … on to the unit holders so if the building does repair work on the roof or facade when it comes time to …

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 …

By Brick Underground |February 7, 2025 - 12:30PM