What does 'right of first refusal' mean when you are selling a NYC condo?

… has much broader authority over deals But condo boards have what is called the right of first refusal This is an option to buy a condo from a seller at the same price as the sales contract Condo boards … by allowing the condo board to buy at the lower price and resell it at a fair market value creating funds for the condo …

By Brick Underground |May 16, 2024 - 2:30PM
What’s the average flip tax for a condo or co-op in New York City?

… familiar with the myriad fees that come with buying in New York City But theres one more cost you should watch out for … fee if you live in a condo which usually amounts to 1 to 2 percent of the sales price according to our experts   …

By Celia Young |April 1, 2024 - 2:30PM