Bricktionary

… 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 are capped as opposed to marketrate apartments where landlords can raise rents as much as they want Ultimately he …

… forward mortgage you make monthly payments of either principal or principal with interest Freedland says A reverse mortgage is … for a set period or until you pass away Shultz says The principal of the loanthe amount you borrowis then repaid …

… familiar with the myriad fees that come with buying in New York City But theres one more cost you should watch out for … at Engel Völkers You can view the flip tax as part of the purchase price In this softer market sellers are accepting …

… or controlled apartment isnt straightforward Succession rightswhich dictate your ability to be named the new … tenant notified their landlord that they had moved out Tenants who failed to give their landlord a heads up could … that loophole and the economic benefit of challenging a renters succession rights But if youve followed the …

… buildings yet another quirk of NYC real estate that buyers need to be aware of  In a lot of ways a land lease is … unusual nature of the underlying lease anyone thinking of buying into a landlease building should consider the … knowing when the lease expires is important The unknown of what could happen can be scarier for say a landlease coop on …