Condominium Closing Costs for Sellers: Real Estate Brokers Commission: 5-6% of the sale price The New York State Transfer Tax: 0.4% if sale price is up to $3M and 0.65% if price is over $3M The New York City Transfer Tax: 1% if sale price is up to $500K and 1.425% if sale price is over $500K Real Estate Attorney Fee: $2,500 - $4,000
Condominium Closing Costs for Purchasers: Mansion Tax Mortgage Tax Title Insurance Attorney Fees
Opportunity Zone Funds HISTORY BEHIND OPPORTUNITY ZONES On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (“TCJA”), the most extensive tax legislation since the Tax Reform Act ...
New York City has strict rules about outdoor grilling on the balconies and rooftops. However, it doesn’t entirely ban the practice. The rules you'll need to follow in order to grill are largely based on the type of the grill you will be using.
The EB-5 Visa Program Although there are different ways to obtain US Citizenship, a foreign citizen seeking to immigrate generally must be sponsored by a U.S. citizen or lawful ...
How are property taxes determined in New York City? Although taxes are not the most interesting subject, nor are they likely to bring much happiness to anyone having to pay ...
One of the most popular topics that comes up during my conversations with first time home buyers looking for an apartment in New York is Co-op vs. Condo. Unlike everywhere ...
If you are a new business owner who is taking the important step of leasing your first commercial space, you should be aware that commercial leases are subject to some ...