Brick Underground
ContactPosts by Brick Underground :
What is a mortgage recording tax? Are there ways to reduce it?
February 18, 2025 - 12:30 PM
A mortgage recording tax is calculated as a percentage of your loan when you are buying a condo or a house. If you borrow more than $500,000 you pay 1.925 percent.
Read More
Ask Altagracia: I installed a washing machine and now the landlord wants me to pay a fee. Is that allowed?
February 11, 2025 - 09:30 AM
There are certain fees authorized by law for tenants in rent-stabilized apartments and this includes washing machines, dryers, and dishwashers.
Read More
How to reduce your capital gains tax when selling your NYC co-op, condo, or brownstone
February 10, 2025 - 13:30 PM
Deduct the cost of selling and major upgrades to reduce your tax bill when you sell your NYC co-op, condo, or brownstone.
Read More
Is my co-op maintenance tax deductible? How does this work?
February 7, 2025 - 12:30 PM
On your tax return, you can take a deduction for the portion of your co-op maintenance that is applied to real estate taxes and mortgage interest.
Read More
Can my boyfriend claim ownership of my condo if we break up?
February 7, 2025 - 10:30 AM
Without an agreement between you and your live-in, rent-paying boyfriend, you run the risk of him demanding payment for contributing to your mortgage—possibly through a lawsuit—should you split up.
Read More
Nikki’s Notes: How do we buy a place for our college-age child now that will be our pied-à-terre later?
February 6, 2025 - 09:30 AM
Nikki Beauchamp of Sotheby's International Realty explains how to buy a place in NYC where your son or daughter can live while they attend college and that you can use as a pied-à-terre later.
Read More