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Mitchell Lama Apartment (NYC) Explained

by admin | December 17, 2021 | Uncategorized | 0 Comments

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?

by admin | October 22, 2021 | Rentals | 0 Comments

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

by admin | April 26, 2021 | Rentals | 0 Comments

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...

New York City Housing Lottery [2021]

Jan 30, 2021 | Buying, Guide, Rentals

Finding affordable housing is a near-impossible feat in New York City, where the average price for a one-bedroom apartment is $2,980. Therefore, debates have sprung up to determine ways to provide affordable housing in New York City. One way is through the New York...

Manhattan Tenant Rights

Jan 22, 2021 | Rentals

People's rights and democratic freedoms are topics that are on the lips of almost everyone in the 21st century. They range from basic fundamental rights like the right to play to more advanced ones like tenant rights. New movements and protests spring up ever so often...

NYC Heating Laws & Requirements

Jan 11, 2021 | Guide

Outdoor temperatures are dropping, and NYC residents are doing everything possible to stay warm and healthy. NYC heating laws stipulate that landlords must ensure they keep all residential buildings warm during the heating season. The heating season spans from the 1st...

What Is NYC Flip Taxes? And How to Avoid Flip Tax

Jan 10, 2021 | Buying

Flip taxes are a foolproof method to raise funds for a building without incurring additional costs. It is a transfer fee that a buyer or seller pays the cooperative after selling or transferring an apartment. Additionally, flip taxes provide funds for capital...

NYC Rental Laws [2021]

Jan 8, 2021 | Rentals

People's rights and democratic freedoms are topics that are on the lips of almost everyone in the 21st century. They range from basic fundamental rights like the right to play to more advanced ones like tenant rights. New movements and protests spring up ever so often...

NYC Transfer Tax Guide [2021]

Jan 8, 2021 | Buying, Guide

The NYC Transfer Tax affects all transfers of cooperative shares or real estate property worth over $25,000 from one party to the next. Condos, single-family homes, and all other residential property are subject to this tax. It is one of the most expensive parts of...