With both real estate and rental prices rising quickly over the last two years, U.S. households that don’t currently own their home are facing a major affordability crunch. A new study by Roofstock adds some interesting data to the disc…
When the State of New York passed the Housing Stability and Tenant Protection Act (HSTPA) in June 2019, legislators may not have envisioned that the law would have repercussions for co-op and condo owners - but in fact it did just that. T…
When considering whether to buy or rent a home, the rent-to-price ratio—calculated as median annual rent as a percentage of median home price in a given area—can be a useful metric. In locations with high rent-to-price ratios, it may be bet…
If you are currently looking to buy a home in New York City, 2018 might be the year to do it . According to a recent article posted on StreetEasy , the number of Big Apple homes listed for sale increased to a record high in th…
When it comes to two people buying a home together, the traditional assumption is that they’re either in a romantic relationship, married, or related. But the definition of relationships has evolved with the times. Not all people marry, and…
The rules are almost always different for co-ops, and that is most certainly true for occupancy issues. One of the initial reasons for the co-op ownership structure, both on the part of the those already living there and those buying in, w…
Downtown Brooklyn’s housing boom isn’t letting up – but how much new residential construction is too much? Anyone who passes through the Flatbush and Atlantic Avenue corridors has seen the changes; not just the buildings growing skyw…
We all hope for good neighbors when we move into a new building or community. The same is true for commercial properties in residential buildings. Making a good match, one that benefits both the commercial tenants and unit owners, can go a …
Owners of co-ops and condos in New York are apt to find that the neighbors down the hall live according to a different set of rules and often pay less then they do for the same apartment. Thanks to the state law in effect when most cooper…
Amenities can be a major selling point for any co-op or condo. You don't have to be Jillian Michaels these days to have a spa or full gym at home. Naturally, they add to the property value of the building as a whole, as well as to the indiv…