condos

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Why are most new developments that come to market these days, formed as condos instead of co-ops?

That’s a great question and one that we get asked a lot from our clients who are curious about the inner workings of the NYC residential real estate market.  One major reason...

Is there a way for me to determine what the real estate taxes for an apartment will be in the future, when the current tax abatement expires (e.g. 3-5 years from now)?

If I’m interested in buying an apartment as an investment property to rent out to tenants, should I focus my search on condos or co-ops?

What are the primary differences between condos and co-ops?

If I’m buying an apartment that I plan to live in for a few years and then potentially rent out in the future, should I purchase a co-op or condo, or either is ok?

What does the condo board’s “right of first refusal” mean and why do they have to issue a waiver for me to move forward with closing on my apartment purchase?

What is a tax abatement and how would it affect me if I were to purchase an apartment that currently has this benefit?

What is a condop and how is it different from a co-op and condo?

What are typical down payment percentage requirements for co-ops and condos? Do they tend to differ?

How long does it typically take to get a purchase application approved by the board in a condo building?