Taxes from the sales of multimillion-dollar homes are going up, thanks to the folks up in Albany. As part of New York State’s 2020 budget, a change has been enacted to New York State’s ‘mansion tax.” Originally enacted in 1989 by the…
Second of a two-part series; read part one here . To the major relief of commuters who normally travel between Brooklyn and Manhattan via the L subway, a potential nightmare was averted when Gov. Andrew Cuomo surprisingly earlier this …
Last week, the usually-feuding Gov. Andrew Cuomo and Mayor Bill de Blasio actually agreed on something. The two appeared at a joint press conference to celebrate a deal to bring Amazon to Long Island City, as part of a long-in-the…
New York City has always had a rotating cast of neighborhoods-of-the moment – buzzed-about areas where the hottest bars and restaurants, the coolest attractions, burgeoning businesses, and alluring residential properties all seem to cluster…
To many people outside New York City, the very word ‘condo’ conjures up an image of an ultra-modern apartment located in a high-rise building with dramatic views. But that’s for the movies. First of all, condos, like any other type of apart…
Manhattan’s residential co-op and condominium market ended last year on a more stable note than it did in 2016 despite some signs of trouble, according to Corcoran’s fourth quarter 2017 report . “Three of the past four quarters regist…
The age-old adage about real estate is that there are three major factors in determining its value: “location, location, location.” While that may or may not be true, and location aside, a smart seller has to price an apartment right to se…
Picture this: You’ve lived in your apartment for 15 years and now you’re ready to move. You love the kitchen you put in when you moved in, but now it’s a little tired. So what do you do? Do you spend the money to renovate and offer yo…
By all accounts, the New York City co-op and condo market is continuing its healthy, active trend of the past few years (although the frantic activity of the immediate post-Recession years seems to have eased somewhat—particularly at the up…
Once again, the New York City market is on an upswing as far as condos and co-ops are concerned. The days of the 2007-08 recession seem to be behind us at last, and professionals don’t foresee that trend changing much in the year ahead. “I…