Bricktionary

brightly colored apartment buildings surrounded by trees in Upper East Side, Manhattan

Affordable Housing

What is the ‘asset limit’ for NYC’s Housing Lottery applicants?

By Celia Young |December 3, 2024 - 10:00AM

Affordable Housing

What exactly is the 'AMI' that's used to determine affordable housing rents?

By Celia Young |October 22, 2024 - 9:30AM

construction workers standing on a street in New York

Affordable Housing

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

By Celia Young |September 11, 2024 - 10:30AM

Getting Ready

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

By Brick Underground |May 16, 2024 - 2:30PM

New York, NY, USA - December 21, 2015 - Home alone above the former L’ Greta Spa in New York City.

Negotiating + Financing

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

… basic level a reverse mortgage is what it sounds like a home loan where the bank pays you based on your homes value … law according to the New York State Department of Financial Services NYSDFS Borrowers need to be at least 62 years old … also usually come with costs including closing appraisal application and attorneys fees though origination fees on …

By Celia Young |April 2, 2024 - 3:30PM

a row of new york city apartments with trees in front.

Sell

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

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

Close-up view of New York City style apartment buildings with emergency stairs along Mott Street in Chinatown neighborhood of Manhattan, New York, United States.

Troubleshooting

Understanding ‘succession rights,’ a complex issue for rent-regulated tenants

By Celia Young |January 9, 2024 - 11:00AM

Negotiating + Financing

What are land-lease buildings? Are they common in NYC?

… landlease or groundlease buildings yet another quirk of NYC real estate that buyers need to be aware of In a lot of … namely on the Upper West and East sides as well as in Battery Park Brooklyn has a smattering too The reason behind this …

By Evelyn Battaglia |December 4, 2023 - 12:30PM