What is a 'major capital improvement' and how does it affect the rent?

… While you 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 …

By Celia Young |September 11, 2024 - 10:30AM
What’s the average flip tax for a condo or co-op in New York City?

… The fee was intended to discourage buyers from flipping apartments buying and then selling the units to make a quick … maintenance costs or instituting the dreaded assessment to shore up reserve funds says real estate attorney Adam Stone … needs says Deanna Kory a broker at Corcoran On Central Park West and Park and Fifth avenues it can range up to 35 …

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