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NYC > Q&A > new development

new development

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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)?

What is the difference between a new development apartment sponsor sale and a resale?

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

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