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Mitchell Lama Apartment (NYC) Explained
Mitchell-Lama Mitchell-Lama housing began with the Mitchell-Lama Housing Act of 1955, which was intended to spur the construction and preservation of middle-income housing in New York City. The Mitchell Lama Act provided government loan guarantees and tax abatements...
What is a Pied-à-terre?
The real estate listings of major cities, like New York (NY), are flooded with the term Pied-à-Terre. It is certainly a fancy word that attracts the most buyers, but many fail to understand what Pied-à-Terre actually is. This article will help you understand the...
How to Sublease an Apartment in NYC
For a lot of people living in New York, subleasing was their first housing option. Short-term rental housing is a popular option in this city. If you will be away for a couple of months or more, subletting your apartment might be a great way to have someone looking...
What is the CEMA Loan? And Who Qualify for the Loan
Are you a New York (NY) property owner who needs a refinance or tax relief? You should certainly learn about and consider the CEMA (Consolidation Extension and Modification Agreement) loan. Let's go through what this loan is, those who qualify for it, and some of the...
Buying a New York City Co-Op
New York City has one of the most complex and expensive real estate markets in the world. Co-op housing or cooperative housing is the most common alternative in NYC (over 75% of apartment buildings). If you are looking to invest in your first co-op apartment...
1031 Exchange Rules & How Does it Work?
Some of the savviest real estate investors have taken advantage of the 1031 exchange to grow their net worth and improve their portfolios. The 1031 exchange is a convenient procedure that enables you to swap an investment property for another of the exact nature while...
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