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

… Lets say you have an elderly family member living in that most … When they vacate the apartmentwhether they pass away move into assisted living or migrate to milder climatesyou may want … to a law passed at the end of 2023 that helps clarify how to calculate one key factor determining eligibility the …

By Celia Young |January 9, 2024 - 11:00AM
What is a working capital fund contribution for condos? Are these common in NYC?

… If youre looking to buy a condo in New York City youve probably experienced … a working capital fund contribution for those purchasing a condo at a new development A working capital fund … ask your real estate attorney to determine as part of their due diligence whether there is a working capital fund …

By Celia Young |October 9, 2023 - 1:30PM