Bricktionary

… If youve ever entered New York Citys affordable housing lottery youve probably read one key term over and over again area median income But what does that actually mean In short area median … that give tax breaks to developers who reserve units for lowerincome renters For example the states low income tax …

… familiar with the myriad fees that come with buying in New York City But theres one more cost you should watch out for when …

… Park Brooklyn has a smattering too The reason behind this rarity is largely taxdriven for the landowners says … a deed So technically a condo cannot sell units if it doesnt own the land though exceptions exist  For example … knowing when the lease expires is important The unknown of what could happen can be scarier for say a landlease coop on …