taxes

Investing

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

By Jennifer White Karp |July 21, 2025 - 4:30PM

Houses and apartment buildings in Queens, NYC

Troubleshooting

Mayor Adams is bringing the tax lien sale back. Here’s how to get your property off the list

By Jennifer White Karp |May 16, 2025 - 9:30AM

View from the High Line Park to the Buildings of 10th Ave Manhattan

Buy

Mansion or not, you can't escape the so-called mansion tax

By Jennifer White Karp |April 14, 2025 - 10:00AM

Negotiating + Financing

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

By Evelyn Battaglia |March 25, 2025 - 9:30AM

Negotiating + Financing

What is a mortgage recording tax? Are there ways to reduce it?

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

Getting Ready

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

By Brick Underground |February 10, 2025 - 1:30PM

Traffic on 2nd Ave in Midtown Manhattan, NYC

Co-ops

Is my co-op maintenance tax deductible? How does this work?

… building a portion but not all of your maintenance will be tax deductible That means on your tax return you can take a … for the share of your maintenance that is applied to real estate taxes and mortgage interest Each building is … He prepares financial statements for hundreds of NYC coops Real estate taxes probably run in the 4055 …

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

Negotiations + Closings

The buyer's and seller's guide to NYC closing costs

… Plan to pay 2 to 4 percent of the purchase price of a coop condo or townhouse … A good rule of thumb is to set aside … to reach a certain percentage of apartments in contract … Homeowners insurance … Lenders as well as coop and condo … newly built condo is already going to be pricier than your average coop you need to factor in the expense of paying the …

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