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May 2017 Archives

Consider the location when vetting out property for a restaurant

Opening your own business is a day of great joy. There are several factors that have an impact on your business' success. One of these is the location where you operate the business. If your business is a restaurant, location is one of the most important factors.

New York City taxes soar for co-op and condominium owners

If property taxes are keeping you from wanting to own a co-op or condominium, you're not alone. In fact, co-ops and condos end up paying five times more than other homeowners in property taxes, something that has long been regarded as unfair in the state.

Real estate prices are setting records in New York

Real estate in New York has continued to increase in value to the point that it is now setting records for its sale prices. If you're planning to buy real estate, you may want to consider a co-op, because selling prices have fallen, making them more affordable. The average price as of April 2017 is around $711,000.

Ready to sell a condominium? Get the law on your side

A condominium is similar to a traditional home in that you can sell and buy it, but it's different because common areas are co-owned by the people who live at the property. Condominiums can be converted into apartments or vice-versa. Each one has the potential to be sold with an individual deed and is subject to a separate mortgage. The entire property does not need to be purchased as a whole.

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