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 income or AMI …

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

… thing is certainthe flip tax never fails to be a bone of contention A previous version of this article contained …

By Celia Young |April 1, 2024 - 2:30PM
What are land-lease buildings? Are they common in NYC?

… subject for years  These buildings are mostly in Manhattan namely on the Upper West and East sides as well as in … to the neighborhood says Jim Hayes a broker at SERHANT He adds that Quay Tower was part of the original design of … leases  Quay agrees saying he works with buyers as they see how the deal is set up through the offering plan and the …

By Evelyn Battaglia |December 4, 2023 - 12:30PM