Have you ever heard of CEMA loans? Likely not. CEMA loans are a unique financing option for homeowners in New York. If you are considering buying a new house or condo, a CEMA loan may help you save big-time on those closing costs. What Is CEMA and How Does It Work? A CEMA loan, or …
If you’re in the market to buy a home in New York City, you’ve likely been bombarded by all sorts of paperwork in recent days, weeks, or even months. One of the forms you might’ve been asked to fill out is the REBNY financial statement. Maybe you’ve taken a look at it, or maybe you …
So, it’s time to sell your New York City home. Hopefully, you’ll be expecting to get a pretty large profit after closing, particularly with how expensive housing prices are in New York City. But, even if you’re expecting a large profit, it can be helpful to know exactly how much you can plan on taking …
New York City is home to almost 8.5 million people. It’s a popular place to live, but it’s also notoriously expensive. Home prices in Manhattan, for example, average about $1,000,000. The average income, however, is just over $50,000 annually. That’s a huge discrepancy in housing costs versus what people are actually earning. Factor in a …
If you’re considering purchasing an apartment in New York City, the majority of your options are likely to be co-ops. This property type is prevalent in New York City, but many people who consider purchasing one have little or no idea what a co-op is. What’s more, they have a limited understanding of how owning …
Located at 330 Spring Street and the corner of Washington Street, the Urban Glass House is a lovely building in the heart of Hudson Square. The luxury condominium is home to 40 luxurious residences and boasts a wonderful array of amenities for residents to enjoy. Urban Glass House History The Urban Glass House is the …
Located at 414 Washington Street, a quaint cobblestone street just off Laight Street and steps from the Hudson River, this development offers space, light, views, and a very trendy neighborhood to boot. Of course, it all comes at a premium price. Still, those whose budget can handle a median price above $5 million may be …
Being able to find the property records of a piece of real estate that you’re interested in is extremely important. Thankfully in New York City, these public records are held together in the Automated City Register Information System or ACRIS. But trying to use the somewhat outdated site is not a particularly easy task. To …
It seems like everywhere you look during the homebuying process in New York City, you get slapped with another fee here, an extra cost there. The mortgage recording tax is just one more cost you need to account for if you’re buying a NYC property. We know that all these different costs and taxes can …
New York state has made changes to the real estate transfer taxes that apply to conveyances taking place after mid-2019. New York State imposes a real estate transfer tax upon conveyance of real property or interests therein when the consideration exceeds $500. The transfer of controlling interest of the real property, or the transaction of …