Bricktionary

brightly colored apartment buildings surrounded by trees in Upper East Side, Manhattan

What is the ‘asset limit’ for NYC’s Housing Lottery applicants?

By Celia Young |December 3, 2024 - 10:00AM

What exactly is the 'AMI' that's used to determine affordable housing rents?

… probably read one key term over and over again area median income But what does that actually mean In short area median … or AMI defines the median incomes for households of different sizes within a certain geography The Department of … citys affordable housing lottery In New York City AMI is based on income data for the five boroughs plus Putnam …

By Celia Young |October 22, 2024 - 9:30AM

construction workers standing on a street in New York

Affordable Housing

What is a 'major capital improvement' and how does it affect the rent?

By Celia Young |September 11, 2024 - 10:30AM

Getting Ready

What does 'right of first refusal' mean when you are selling a NYC condo?

By Brick Underground |May 16, 2024 - 2:30PM

New York, NY, USA - December 21, 2015 - Home alone above the former L’ Greta Spa in New York City.

Negotiating + Financing

What's a reverse mortgage—and how common are they in NYC?

By Celia Young |April 2, 2024 - 3:30PM

a row of new york city apartments with trees in front.

Sell

What’s the average flip tax for a condo or co-op in New York City?

… familiar with the myriad fees that come with buying in New York City But theres one more cost you should watch out for … broker at Corcoran On Central Park West and Park and Fifth avenues it can range up to 35 percent At HDFC coops flip …

By Celia Young |April 1, 2024 - 2:30PM