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

… If youve ever entered New York Citys affordable housing lottery youve probably read one key term over … area median income or AMI defines the median incomes for households of different sizes within a certain geography The …

By Celia Young |October 22, 2024 - 9:30AM
What’s the average flip tax for a condo or co-op in New York City?

… with the myriad fees that come with buying in New York City But theres one more cost you should watch out for when you sell a flip tax if you live in a coop or a transfer fee if you live in a condo which usually … needs says Deanna Kory a broker at Corcoran On Central Park West and Park and Fifth avenues it can range up to 35 …

By Celia Young |April 1, 2024 - 2:30PM
Understanding ‘succession rights,’ a complex issue for rent-regulated tenants

… an elderly family member living in that most coveted of New York City apartments the rentregulated unit When they vacate the … in and take over the lease But like most everything else in New York inheriting a rentstabilized or controlled apartment

By Celia Young |January 9, 2024 - 11:00AM