Answer provided by Neil B. GarfinkelREBNY Broker CounselPartner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Question: It is my understanding that the Housing Stability and Tenant Protection Act (“HSTPA”) generally prohibits deregulation of rent stabilized apartments (meaning that a rent stabilized apartment will never become a free-market rate apartment). Does that […]
Brooklyn Investors continue to choose multi family homes, and it is no surprise considering the many benefits that come with them. Everything from their higher income potential to their ease of financing mean that investing in these properties is a smart move. If you are considering purchasing a multifamily property for the first time, you […]
Hi Friends, hope all is well! This month we wanted to share a few cool things specifically relevant to NYC homebuyers. First, an article on how to make a budget that fits your money personality. You can find out your money personality using the quiz in the article. Not everyone is good at budgeting, but […]
Hi Friends, hope all is well! This month we have some cool things to share with you 🙂 First, we have a good article on the difference between a basement and a cellar. If you own a home in NYC you may be calling your ground level a basement when indeed it is a cellar. […]
Answer provided by Neil B. Garfinkel, REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Answer: The Housing Stability and Tenant Protection Act of 2019 (“HSTPA”) created a specific time frame and procedure for landlords to follow when returning a tenant’s security deposit at the end of a lease […]
NYC Homeowner Connect Hi Friends ?, hope you’re doing well! This month we wanted to share a few important things with you. First is information about the Notice of Property Value for your property which you should have received in the mail this month. Second, some information related to the age old question, is now […]
If you’re an NYC homeowner, then you know that your annual Notice of Property Value (NOPV) comes out around February. In this NOPV, it indicates your property’s estimated market value and tax assessed value for the upcoming year. In the NOPV, it gives you instructions on how to challenge your assessment, if you disagree with […]
We meet with home buyers and sellers every day, and one of the things that many people don’t understand clearly are title companies, title insurance, and how they affect them during the sale/purchase of a property. So, here is a quick primer on Title Companies, what they are, and what they do. If you have […]
Answers provided by Neil B. Garfinkel, REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP FAQs: Q: Is a buyer always entitled to be represented in a transaction?A: Yes, the New York State Department of State (“DOS”) has consistently stated that a buyer always has a right to be represented in […]
Answer provided by Neil B. Garfinkel, REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Answer: If a co-op building has a Ground Lease (also known as a Land Lease), it means that the co-op corporation does not own the land under the building. Rather, the co-op corporation leases […]
Answer provided by Neil B. Garfinkel REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Question: After Submitting a Board Package, is it Legal for a Coop to request that Additional Maintenance be Held in Escrow? Answer: Yes, a cooperative corporation (“co-op”) may request extra maintenance to be […]
Brooklyn Real Estate Market Report: Q3 2021. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Need Help? Contact Us anytime. Last updated on 10/21/2021. Market Snapshot Months Supply What is Month’s Supply? Months of supply is the measure of how many months it would take for the current […]
Brooklyn Real Estate Market Report: Q2 2021. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Need Help? Contact Us anytime. Last updated on 7/29/2021. Months Supply What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of […]
Brooklyn Real Estate Market Update: Q1 2021. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Need Help? Contact Us anytime. Months Supply What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of homes on the market […]
Brooklyn Real Estate Market Analysis 2020. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Need Help? Contact Us anytime. Market Snapshot Months Supply What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of homes on the […]
Brooklyn Real Estate Market Report: Q3 2020. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Need Help? Contact Us anytime. Market Snapshot Here we are, just wrapped up the third quarter of the year and we are heading into a very uncertain fourth quarter. Now that we are […]
Brooklyn Real Estate Market Report – Q2 2020. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Need Help? Contact Us anytime. Q2 has officially ended and although the numbers are startling, they were also expected considering the stay at home orders and overall impact of COVID-19. As we […]
Brooklyn Real Estate Market Analysis 2020. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Need Help? Contact Us anytime. Market Snapshot Months Supply What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of homes on the […]
Brooklyn Real Estate Market Report JAN 2020. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Months Supply What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current […]
Brooklyn Real Estate Market Report DEC 2019. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Months Supply What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current […]
Brooklyn Real Estate Market Report OCT 2019. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Months Supply What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current […]
New Construction Pros and Cons You may be considering a new house or condo, but aren’t sure you’re totally willing to wait for one to be finished. If only there were a place you could get an overview of the pros and cons of buying new. Wait, there’s a list below! Pros of New Construction: […]
Brooklyn Real Estate Market Report AUG 2019. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Market Snapshot Summer is almost over and a lot of people seem to be taking their end of Summer vacations. On the real estate side, things do tend to slow down a bit […]
Article courtesy of Michael Longsdon at eldorfreedom.net Most seniors find downsizing an overwhelming experience. It isn’t always easy to search for the right home for your needs, as well as deciding what to take with you. A smaller home presents space and storage issues that require selecting the most important items to bring along and […]
Your new house is pretty awesome, otherwise you would never have considered buying it. But, there are some things about it that are a lot more awesome than others. Take, for example, that kitchen floor. You wouldn’t say it’s ugly, but you’ve seen better design harmony in a restaurant trash bin. It’s gotta go. Your […]
Brooklyn Real Estate Market Report July 2019. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Market Snapshot Hello Summer, Goodbye Spring! As we write this the weather is 96 degrees outside so as you can imagine, people are barbecuing, going to beaches, dipping into pools, etc. As for […]
Depending on where you live, the end of winter means different things. Maybe it’s the anticipation of an explosion of colorful wildflowers, or maybe it’s just a break from all the heavy, wet snow on absolutely everything. Either way, those warming days when winter starts to turn to spring are ideal for checking your roof […]
Brooklyn Real Estate Market Report June 2019. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll in Brooklyn NY. Market Snapshot Summer is officially here, but unfortunately mother nature didn’t get the memo 🙂 So far we’ve seen fairly mild temperatures and most people are just craving a nice beach day in […]
You’re a homeowner now, you can kiss bland uniformity goodbye the moment you turn your apartment keys over to your now former landlord. The world is your canvas — at least, that part of the world that you now are obligated to pay a monthly mortgage payment on — and you’re the artist that’ll mold […]
Brooklyn Real Estate Market Report May 2019. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll. Market Snapshot According to the Brooklyn Board of Realtors, the number of home sales rose to 193 in April. That’s UP 8.4% from March, but DOWN 7.2% compared to April of last year. As for home […]
You bought your house because of the beautiful yard, the unbelievable hearth in the den, the two generous bathrooms and, of course, the enormous basement. You had big plans for that basement — it was going to be a home theater with a pool room, all very posh, but the first melt of winter had […]
Brooklyn Real Estate Market Report April 2019. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark ll. Market Snapshot Q2 has officially ended and although the numbers are startling, they were also expected considering the stay at home orders and overall impact of COVID-19. As we look at the sales data from the […]
10 Steps to Selling your Home For Sale by Owner in Brooklyn NY. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark II. Have a questions, Contact Us anytime. 347-846-1182 1. Define your goals, wants, needs and expectations. A good place to begin is by exploring your short and long term goals in […]
It’s finally spring! Time to break out the grill and the patio set and spend your evenings cooking out under the stars. Except, you don’t have a patio, you have a backyard that’s currently a soppy, muddy mess from spring rainstorms. You’d love to get outside, but it’s just so mucky and sticky out there. […]
Welcome to our Brooklyn Real Estate Market report for the month of March 2019. Provided by the Brooklyn Home Team at Keller Williams Realty Landmark ll. Brooklyn Real Estate Market Insights According to the Brooklyn Board of Realtors, the number of home sales DROPPED to 164 in the month of February. That’s DOWN 24.4% from […]
Brooklyn Real Estate Market Report Feb 2019. Provided by the Brooklyn Home Team at Keller Williams Realty Landmark ll, a group of friendly, service driven real estate agents in Brooklyn NY. Brooklyn Market Insights Here are just a few of the Brooklyn real estate numbers we’re tracking for you right now. According to the Brooklyn […]
In 1986, Tom Hanks starred in a movie called “The Money Pit.” It was all about a couple’s adventures in remodeling what has to be the worst house ever. Even though it was a comedy, if you’ve ever been part of a big remodel, some of the situations the co-stars find themselves in (re: the […]
All homes have quirks that require special care and consideration, but when it comes to homes with basements, it’s a whole different ball game. Instead of fighting with the light switch on the north wall, you’re trying to keep the carpet dry and catch any water long before it becomes a problem. Waterproofing the basement […]
Brooklyn Real Estate Market report January 2019, provided by the Brooklyn Home Team at Keller Williams Realty Landmark ll. Market Insights Here are just a few of the Brooklyn real estate numbers we’re tracking for you right now. According to the Brooklyn Board of Realtors, the number of home sales DROPPED to 195 in the […]
1. Public Records and Data Research A local Brooklyn Realtor is able to compile property records with additional data to see a clear legal picture of your physical property and legally recorded documents that could affect the value. Licensed Brooklyn Real Estate Agents are able to increase their resources as well by working with other professionals […]
Brooklyn Real Estate Market Report December 2018, provided by the Brooklyn Home Team at Keller Williams Realty Landmark ll. Need help? Contact Us anytime. Market Snapshot Home sales have remained pretty consistent for most of the year. Overall, they have been below year ago levels, but not very significantly. In November there were 201 properties sold, […]
For a lot of home buyers, buying their dream home means choosing an older structure that has passed the test of time. These grand places have an undeniable charm about them, with classic styling that can be adapted to nearly any taste. Older homes can be incredible places to live and love, but no home […]
Step by step guide to a mortgage pre-approval in Brooklyn NY. Have questions? Need help obtaining a pre-approval? Feel free to Contact Us anytime. If you find yourself sitting in a strange hallway, waiting for a stranger in a suit to size you up and decide if you’re worthy as your palms sweat and your […]
Brooklyn Real Estate Market Report November 2018, provided by the Brooklyn Home Team at Keller Williams Realty Landmark ll. Need help? Feel free to Contact Us anytime. Market Snapshot It’s November and the holiday season is upon us. Three quarters are in the books and we are one month into the last quarter of the year. So […]
Shopping for a house can be stressful, but choosing a loan has the potential to be just as bad. There’s a lot to know, a small window in which to figure it all out and a 30 year commitment to a loan product that might just not be right for you for to worry about. […]
You’ve been a homeowner for a while now and overall, everything’s gone pretty well. Your home is a comforting, safe place that has given more than it has taken — you’re pretty happy with how that purchase has gone, really. That’s why when your friend was talking about the frightening amount of rent he’s paying […]
Look for Creepy Crawlers Termites and other insects aren’t just annoying to have in your home. They can cause real damage to the structure. A regular inspection of your property by a pro can head off at the pass any problems before they become too serious. A routine inspection of the interior of your home, […]
Where there’s smoke… If you’re like most people you don’t give your fire extinguisher a second thought… until you need it. Give yourself real peace of mind by performing a quick visual inspection, checking the pressure, and making sure that your fire extinguisher is in an accessible place should you need it in a hurry. […]
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