What is Post-Closing Liquidity in New York City?
Buying a New York City co-op or condo requires substantial money. It is also not enough to save cash for the down payment and…
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NEW YORK PROPERTY INTELLIGENCE
Larry Rothman has over two decades' of experience in the financial services industry. He has worked for institutional brokerages and research firms as an Analyst. In this capacity, he has analyzed the economy and a variety…
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A deliberately edited collection of market notes, transaction guidance, neighborhood context and ELIKA perspectives—not a daily content feed.
Buying a New York City co-op or condo requires substantial money. It is also not enough to save cash for the down payment and…
There are various mortgage options, such as a fixed or variable rate, and each comes with varying terms, such as 15 or 30 years.…
The Internet of Things (IoT) connects devices to the net. It involves many ordinary appliances found around the home, such as coffee makers, washing…
The New York State School Tax Relief Exemption, or STAR, is a property tax break. The program, initiated in 1997, provides real estate property…
Co-ops and condos have a board of directors that oversee matters, but getting into office is a bit opaque. While a directorship is an…
Calculating square feet should be a straightforward calculation. However, the number is given in New York City’s co-ops, and condos do not always reflect…
There are many benefits to purchasing a new construction condominium. You are moving into a never-live-in apartment with the latest and most fabulous finishes…
A condo of co-op financial statement provides a unique insight into the building’s health and even gives a peek into the future. It lets…
As part of their extensive due diligence, your real estate attorney will ask the co-op’s or condo’s managing agent questions. Typically sent in a written…
Local Law 11, also known as the Façade Inspection Safety Program (FISP), was passed in the wake of several tragedies. It replaced its predecessor,…
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