What is it And Who Qualifies? The 421-a tax abatement was created in 1971 to encourage the development of underutilized or unused land by significantly reducing property taxes on newly developed land for a set period of time. During the time period, thousands of New Yorkers were moving upstate or to the suburbs, and City […]
Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call. Property Value Transaction 389 East 89th Street, NY, NY $1,590,000 Condo Purchase 322 West 88th Street, NY, NY $485,000 Coop Purchase 130 Jane Street, NY, NY $975,000 […]
It’s odd to remember as we all head off to the beach, but the attorneys at Weidenbaum and Harari managed to close multiple files during snowstorms in this year in NYC–one during this latest storm, and four during another earlier this year! The weather was not the only obstacle, as most recently we were able to […]
Just a few of our recent closings. If you are also looking to buy or sell at these property addresses, you might want to give us a call. Property Value Transaction 401 East 65th Street, NY, NY $419,000 Coop Sale 5 Riverside Drive, NY, NY $4,300,000 Coop Purchase 420 East 51st Street, NY, NY $625,000 […]
The New York Times recently published this handy guide for prospective purchasers who are new to the Real Estate process. It contains some important background, but for more detailed information, we of course recommend keeping in touch with your Real Estate attorney, broker, and mortgage banker.
The purchase of a home, for most of us, will likely involve a massive commitment of financial resources. The prospect of taking out a mortgage, with its complex process and years of future payments, can be daunting. To this end, the New York Times recently released a series of helpful articles aimed at helping potential […]
Are you having a hard time finding resources on Real Estate subjects? We recently compiled a list of useful links for those looking to learn more about real estate processes, laws, and taxes. It includes both municipal resources and other helpful sites, such as Streeteasy and Oasis, a source for detailed community maps. We hope […]
We recently enjoyed reading this article published in the New York Times, about a Manhattan couple who were determined to make the most of the space in their 400 square foot studio apartment. They managed it with the help of a Brooklyn architect, who remodeled the tiny space to include folding beds, hidden closets, and […]
Due to a new rule that took effect on January 1st, mortgages recorded in Suffolk County must now pay a new verification fee of $300 for each mortgage-related document recorded. This is in addition to any fees and/or taxes already required by the county. For further reference, a full list of current recording fees, including […]
Resales of coops and condos in Manhattan are seeing their lowest median prices since 2012, according to Bloomberg. As the number of options have increased, purchasers are more aggressive in seeking lower prices, and sellers have been finding it more and more necessary to negotiate–the percentage of sales in which the asking price was exceeded […]