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

… 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 amounts to 1 to 2 percent of the sales price according to our experts   These fees are paid to your board at closing and are usually based on a …

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

… York City own the land they sit on but a tiny percentage rent the land from someone else These are called landlease … 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 … 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