Condominiums in NYC are classified as real property. The most important element that makes them different from Co-ops is that a condo unit is sold/bought with the transfer of a deed. The homeowners own their individual unit space, and all residents share ownership of the common areas. All apartment owners in a condominium own the physical land the building sits on. In contrast, co-op owners don't own the physical apartment they live in but rather shares in the building and a proprietary lease that grants them the right to live and use the space identified on their stock certificate.

Who ever said, "Hey! I love taxes, let's just complicate it even more!" ? On December 20, 2017 the House of Representatives passed the Tax Cuts and Jobs Act of 2017*, which was the final vote in Congress.

So, you've saved up enough money?

You got a new job and are considering making the move to New York City to ease your commuting time?

Maybe, just maybe, you're tired of living in your mom's basement?

Born in Queens, raised in Westchester, avid traveler to Italy, and calling the Upper East Side home, I'm a fluent New Yorker. I feel a strong tie to the concept of " HOME". I believe that everyone should have an environment they're proud of, but most importantly a space to call their own. I am also sensitive to the financial implications of owning and making that next big decision. My cultural upbringing has instilled this financially conservative reasoning within me, and furthermore I’ve decided to pursue further education in Real Estate Development at Fordham University. My Sunday morning kick-off includes stopping into 2-3 open houses in a particular neighborhood to understand value and offering in the NYC Residential market these days. I enjoy browsing, and analyzing what they're selling these days!

The U.S. Senate and House of Representatives on Monday began the grueling process of hashing out the disparities between their tax bills — a task that will require reconciling hundreds of billions of dollars in differences.

The two versions of the legislation are a bit of a mixed bag for the real estate industry — disproportionately favoring the commercial sector over residential. Limited liability companies (LLCs) and real estate investment trusts win big under both. Homeowners? Not so much.

Hudson Yards

Size matters

The nation’s largest private real estate development, Hudson Yards, stretches across 28 acres and will feature 16 edifices encompassing more than 18 million square feet.

It happens every so often in this city, you open the door to your apartment and think, " This just isn't me".

"Although the bond between interior design and our emotions has gained much attention in the last decade, this form of environmental psychology exists for thousands of year now – the Indian Vastu Shastra, the Chinese Feng Shui, etc. Because of the rise of neuroscience, scientists are doing plenty of research on this topic and finding the most incredible results.

This month I ask that you look over at the East River Waterfront and ask yourself, "What are they building over there?"

For years, real estate prognosticators have been saying that Astoria would be the Next Big Thing in New York real estate, and while it hasn’t seen a development boom on par with places like Williamsburg or Downtown Brooklyn, more and more apartments are coming to the Queens neighborhood._ Curbed NYC.

Luxury Condos such as the Yves at 166 West 18th Street in Chelsea are a hot spot for many. Retirees, relocated professionals, and even international dwellers are attracted to the Chelsea neighborhood.

Diplomatic immunity, is essentially a principle of international law that maintains that certain foreign government officials, such as diplomats, are not subject to local laws.

Timeline Guide for Purchasing

Here are the steps you’ll take to find and close the apartment of your dreams.

Speak with a mortgage broker, bank, or financial advisor

Typical time frame: 1 – 3 weeks

It is important to have an idea of how much you can spend on an apartment prior to beginning your search. Keep in mind that financial requirements vary from building to building and bank to bank. In today’s mortgage market, it is strongly recommended that you get pre–approval for financing by a mortgage broker ASAP.

WealthFocus

Buying a home

Whether you’re a novice or you’re experienced in the home buying market, here are some things to think about as you move forward in the process

The benefits of cash In “hot” real estate markets, cash buyers often come out ahead. Even if you ultimately intend to put a mortgage on your new home, presenting a cash offer can be an important factor in determining whether the home becomes yours.

Away from it all. The tourists, the over priced meals, the tacky souvenir shops and amidst the locals. Conca dei Marini is a hidden gem on Italy's Amalfi Coast known for its nautical culture, seafaring residents, and private beaches nestled at the foothills of the cliffs. About an hour from Naples Airport, you can arrive by private boat or chartered boat pick up from the port of Amalfi. The Islands of Capri, Procida, and Ischia are about 2 hours away by boat.

It is extremely important to understand the credit scoring landscape in order to have the most opportunity to achieve financial success and freedom. In my line of work, buyers, renters, and even sellers need to understand their credit, their power to borrow, and their risk in the market.

Below are 5 ways to build personal credit straight out of college and into the workforce. Your dream of owning a home, renting in your favorite neighborhood, and having the lifestyle you want is all a process. Consistency is key! Read On...

Expansive is a term widely used in NYC. With such little room for rolling acres of land in this concrete jungle, New Yorker's are turning to more creative was to maximize their living spaces. We've all had the notion, a friend, family member or someone's brother-in-law's sister made the move into the big city. We all think, Hey! They'll be living large alright!

So, you've decided to sell your home, now choosing a real estate broker is your next step. Teaming up with NYC’s #1 Real Estate Brokerage means your property, your investment, and your financial business is in the hands with an experienced, professional, and competitive Corcoran agent.

This month I continue to be confronted with the following conversations, “ Oh! You’re in real estate? So what’s the market like?” Not only am I now a living and breathing source of transactional data, market news, and reliable neighborhood recommendations but I wanted to take a moment to outline what exactly is, “going on” since the close of 2016