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

… or AMI defines the median incomes for households of different sizes within a certain geography The Department of … which critics say artificially inflates AMI and as a result rentstabilized rents The AMI for a single person in NYC is $108700 this …

By Celia Young |October 22, 2024 - 9:30AM
What’s the average flip tax for a condo or co-op in New York City?

… you should watch out for when you sell a flip tax if you live in a coop or a transfer fee if you live in a condo … selling the units to make a quick profit  Today they are mostly used to raise revenue for coop buildings instead of … version of this article was published in October of 2018 We are presenting it again with updated information for …

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