Selling in NYC

Many a New Yorker renting out their property for the first time will get panicked when they notice on their property tax bill that "you must file a Real Property Income and Expense (RPIE) statement or a claim of exclusion …

Do Individual Condo Owners Need to Submit the RPIE Form? Read More »

If you’re selling a co-op in NYC, it’s important to remember that the risk of a co-op board rejection is very real. While some co-op board rejections are inexplicable (and perhaps discriminatory), it’s far too common to encounter scenarios where …

Seller Checklist for Accepting an Offer on a Co-op in NYC Read More »

Aside from the automatic alert system, we also recommend checking your property records via ACRIS at least once per year. This will allow you to see if anyone has filed a mortgage or deed on your property.

If you’re like most homeowners in NYC, you may have originally purchased a condo to live in as your primary residence. But after a few years, you might need to upgrade to a larger apartment, change neighborhoods or simply leave …

Should You Sell Your NYC Condo or Convert to a Rental Property? Read More »

Basic STAR (School Tax Relief) is a tax credit available to owners of houses, co-ops and condos in NYC with annual income of $500,000 or less who use the qualifying property as a primary residence. Estimated annual savings from Basic …

What is the Basic STAR Property Tax Credit in NYC? Read More »

Enhanced STAR is one of several property tax exemption programs which are available to qualifying homeowners in NYC. Qualified recipients of the Enhanced STAR exemption save approximately $650 in NYC property taxes each year. Enhanced STAR is available to owners …

What is the Enhanced STAR Property Tax Exemption in NYC? Read More »

Air rights in NYC refer to the empty space above a building which may be used for development. If a building is 50 feet tall but it could potentially be as high as 75 feet, the unused 25 feet are …

How Do Air Rights Work in NYC Real Estate? Read More »