If you live in New York City, you already know that real estate here is like nowhere else on Earth. One of the most complicated matters involves purchasing a unit in a cooperative building, commonly known as a coop. With this common structure, a company owns the...
Residential & commercial real estate transactions
3 things to note before buying a co-op
The idea of a real estate cooperative is something many people can get behind. Knowing you share ownership with others and can form your own small community with like-minded people is often a huge draw. However, buying a co-op requires good business analysis because...
What are New York’s legal requirements for a quitclaim deed?
A quitclaim deed transfers real estate interests from one party to another. It is a special type of deed in which the grantee takes ownership of the interests the grantor has at the time of the deed’s execution – whether or not the grantor is the actual property...
Overcoming the cost barriers to home ownership in NYC
Home ownership is a very common goal here in the United States. There are roadblocks though that people can face in their journey to find the first home of their dreams. Among these are financial ones. This can be a particularly formidable barrier here in New York...