Residential Real Estate

Before you buy a co-op unit (technically, shares in the corporation) or start a dispute with your board, it could help to know how your ownership would differ from more common forms of home ownership, such as condominium.  This knowledge could inform your decision. It...

Buying a home is the biggest financial transaction most people will make in their lives. This is especially true in New York, where residential property values are among the highest in the country. Whether the home in question is an apartment, a condo or a suburban...

Anyone who has ventured into New York's residential property market recently knows that apartment and condo prices in the city are at an all-time high. People who are in the market for a new home may wonder whether they can get a good deal on a short sale. They may be...

For landlords of residential property in New York, there are a few points to keep in mind as we enter the tax season. Rent payments from residential property are of course considered taxable income. But rental income also includes advance rent, which must be reported...

Owning real estate in New York can be both exciting and lucrative; however, this experience can have its fair share of obstacles. Whether people own individual property, a small business, a co-op, condominium buildings or large commercial properties, real estate...

For New York residential real estate developers, obtaining financing on favorable terms is essential. Once financing is obtained, staying current on the loan payments is also critical -- a default can put the project in jeopardy of foreclosure. Recently the developer...

Residential real estate can be a profitable investment in New York City. The presence of numerous major companies in the city, combined with a large population of high-income professionals, helps ensure a stable real estate market. Foreign investors have also done a...

Whether it's an apartment, condo or townhouse, buying a home in New York City is a significant investment. Once you have found a potential home and made an offer, the seller will typically send you their proposed contract. Before signing, it's critical to make sure it...

A New York man has filed a lawsuit claiming that landlords in the city routinely violate a law protecting elderly and disabled tenants when a building is converted to luxury condos. According to the lawsuit, that law requires landlords to provide disabled renters and...

In last week's post we talked about the importance of ensuring the seller has clear title before closing any commercial or residential real estate transaction in New York. This week we'll discuss some of the common title issues that can appear in a title search, and...