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Apartment Owners and Buyers:
Buying a NYC co-op or condo apartment is one of the biggest investments you'll every make. This purchase is more than just buying a home, it's investing in a housing corporation. Articles, here, will help you understand what your investment really means, and how to make a safe one.
Plus, get check out:
The Co-op/Condo Owner's Manual
Real estate agents advise buyers to peg offers to the value of the property as they see it.
Sponsor units tend to cost more and have higher closing costs.
Buyers are growing tired of paying high rents while rating for interest rates to drop.
Duped condo buyers avoid foreclosure, create a limited-equity co-op.
Cash-only policies narrow potential buyer market and drive down prices.
In Manhattan, 63.4% of sales in the first quarter were all cash, the third-highest in a decade.
Sales declined, but prices jumped by 18.4% in the first quarter of 2024.
National Association of Realtors settlement will lower broker commissions across the board.
Most are set at 1% or 2% of the sale price, but there's a lot of wiggle room.
Manhattan Co-Op and Condo Sales Drop, Prices Rise a Bit
April 08, 2024
Cash sales accounted for 63% of deals closed, thanks to high interest rates.
Board Talk
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Habitat Week by Week
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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