for the purchase price. It could, however, get the money if it refinanced its underlying mortgage. The co-op did ... refuse to do so, but they did." Birchwood asked the real estate developer if it could "go ahead and sell
that by the equalization rate for the city, which is 45 percent.
(4) Subtract liabilities, such as mortgage and accounts ... ways than one. Ask the small co-op in Chelsea that saw its franchise tax double recently because
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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.
Learn 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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