RECOMMENDED IN RENT
RECOMMENDED IN BUY
RECOMMENDED IN SELL
RECOMMENDED IN IMPROVE
Bricktionary
What exactly is the 'AMI' that's used to determine affordable housing rents?
… or AMI defines the median incomes for households of different sizes within a certain geography The Department of … which critics say artificially inflates AMI and as a result rentstabilized rents The AMI for a single person in NYC is … units For example 60 percent of the incomerestricted apartments built under the citys 421a program between 2017 …
What is a 'major capital improvement' and how does it affect the rent?
… want our apartment to be kept in good condition tenants of rent controlled or rent stabilized units in New York City might not feel so … and walkways … Rent hikes are capped … For rent stabilized apartments in NYC 6 percent is the maximum annual rent …
What's a reverse mortgage—and how common are they in NYC?
… a senior in their home by giving them muchneeded cash in exchange for equity in their apartment But they can make it … a proprietary reverse mortgage which is governed by state law according to the New York State Department of Financial … … You Might Also Like … viewbublogpanes=ymalinline … Buy … Negotiating + Financing … Bricktionary … mortgage … …
What are land-lease buildings? Are they common in NYC?
… yet another quirk of NYC real estate that buyers need to be aware of In a lot of ways a land lease is just like … own a percentage of the shares and not the property itself whereas in a condo you are actually getting a deed So … in Lieu of Taxes payments which the city uses to fund improvements to the neighborhood says Jim Hayes a broker at …
