What's a reverse mortgage—and how common are they in NYC?

… But they can make it difficult for an heir to inherit the unit when the owner dies because that heir would have to pay … mortgages in condos coops and multifamily properties in NYC in the past year Shultz says  Read on to learn about … are usually restricted to borrowers over the age of 60 or age 62 for coop owners  who use their apartment as …

By Celia Young |April 2, 2024 - 3:30PM
What’s the average flip tax for a condo or co-op in New York City?

… Pichulik says The cost of building insurance for example jumped last year Buildings are looking at additional ways to … article contained reporting by Donna Airoldi Trouble at home Get your NYC apartmentdweller questions answered by an …

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