The huge presence of cooperative apartments in New York City is one of the many things that makes the local Real Estate market truly unique. However, the complex nature of coop ownership can sometimes be daunting to would-be purchasers–or even present owners. Since each coop is in essence its own independent corporation, individual buildings can […]
On October 1st, a change in New York Mortgage Tax law went into effect. Mortgages guaranteed by or participated in by an IDA, or Industrial Development Agency, are no longer exempt from all mortgage taxes, but will now have to pay New York’s special additional mortgage tax. The special additional mortgage tax applies to New […]
Weidenbaum & Harari told all our employees to pick some special people in their lives to go out for dinner…on us! The only catch? We wanted proof of the fun people were having in the form of a photo (the sillier the better). So we armed everyone with our firm logo and sent them out […]
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 239 Union Avenue, Harrison, NY $1,400,000 House Purchase 1265 Decatur Street, BK, NY $465,000 Condo Purchase 225 East 36th Street, NY, NY $465,000 Coop […]
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 319 East 50th Street, NY, NY $390,000 Coop Purchase 270 Riverside Drive, NY, NY $3,095,000 Condo Purchase 3965 Route 343, Amenia, NY $255,000 House […]
HDFCs (Housing Development Fund Corporations) are essentially income-restricted cooperatives; they limit a potential purchaser’s ability to buy in based on whether their annual salary falls below the calculated income cap. The establishment of HDFCs were geared toward purchasers looking for a residential home to keep for a substantial period of time, with the possibility of […]
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 305 West 16th Street, NY, NY $771,000 Coop Purchase 22 Avon Road, New Rochelle, NY $737,000 House Purchase 139-141 West 126th Street, NY, NY […]
From September 12 to December 12th of this year, the City will be taking part in an Amnesty Program meant to reduce or forgive certain fines and penalties from ECB (Environmental Control Board) violations. To be affected by the program, the fines must have gone into judgment before June 12 of this year. For more […]
The Financial Crimes Enforcement Network (FinCen), a division of the US Treasury Department, recently extended targeting orders that went into effect earlier this year. The orders were intended to combat money laundering schemes by identifying individuals behind companies and other entities purchasing real estate. The Targeting Orders will now remain in effect until February 23, […]
Congratulations to Weidenbaum & Harari’s own Caroline Malapero, who was selected to speak at the 14th Annual Financial Fitness workshop, organized by the Financial Planning Association of New York, on October 1. Caroline took part in a panel to discuss the financial merits of buying and renting Real Estate property in New York. For further […]