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

… lien sale operates … The sale process involves the City of New York pooling eligible liens and transferring ownership … The trust uses funds raised from bond sales to investors to buy the citys liens at a discount In the past the discount … back the lien sale after four years even though the city could have created a new system for debt collection instead …

By Jennifer White Karp |May 16, 2025 - 9:30AM
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 want to consider ways to reduce … increase your basis and lower your tax by making capital investments to your property so if you remodel your bathroom … out theres a mechanism called a charitable remainder trust where tax is avoided through a commitment to give a …

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 … percent range said Michael Esposito a certified public accountant at  Wilkin Guttenplan  He prepares financial …

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

… apartment which can amount to thousands of dollars and the buildings insurance costs for the first year In a slow … of sales inducements Whats offered varies greatly from building to building and also depends on the broader market … a bit more than a similar apartment thats only slightly lived in  A lot of people come in wanting new construction …

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