What is the difference between a condo and co-op?

When you purchase a condominium, you own the actual unit itself. You also have rights to use common areas, such as the exercise room, the party room, and so forth. Fees are charged against occupants for maintenance, insurance and management of these common areas. When you buy into a co-op, you do not own the … Read More

Upper West Side Update: A-Rod Sells His Condo

A-Rod’s fear of commitment continues; the slugger is selling his Upper West Side 3,500 square foot apartment, furnished with Andy Warhol prints of Marilyn Monroe.  The New York Yankee is selling his five-bedroom apartment for approximately $8 million, a considerable difference from the $5.5 million cost last February. Click here to take a look at … Read More

SoHo Update: Trump SoHo Auctioning Off Hotel and Condos

The Trump SoHo hotel/apartment complex is auctioning off its common hotel areas and any unsold condos.  It appears that the auction sale is taking place due to a number of problems with the building, including a number of lawsuits brought by condo buyers who claimed that Trump SoHo misrepresented the number of apartments that had … Read More

NYT: Homework for Condo Buyers – The 101’s of Buying a Condo

Concerned about the details you may not know when purchasing a condo?  Well, the New York Times recently did a fantastic article entitled Homework for Condo Buyers that provides potential purchasers with a primer (http://www.nytimes.com/2011/10/30/realestate/getting-started-homework-for-condo-buyers.html?pagewanted=print).  Take a look at a few things the New York Times discussed that you may not have thought of before … Read More

How long does the sales closing process take?

On average, it takes 45-60 days to close a condo, and 60-90 days to close a co-op.

Is it difficult to get a mortgage for a co-op?

Fewer lenders are willing to finance the purchase of a co-op over a condo. Before you begin your search, make sure you are pre-approved.

New York Year in Review: Celebrity Transactions

As 2012 ends, NY2 offers a year in review of New York real estate transactions and/or listings involving celebrities.   Madonna: 41 Central Park West for $23.5 million P Diddy: 230 West 56th Street for $8.5 million Alicia Keys: 30 Crosby Street for $17.95 million Kiefer Sutherland: 763 Geenwich Street for $17.5 million Jennifer Aniston: … Read More

New York Year in Review: Celebrity Transactions

As 2012 ends, NY2 offers a year in review of New York real estate transactions and/or listings involving celebrities.   Madonna: 41 Central Park West for $23.5 million P Diddy: 230 West 56th Street for $8.5 million Alicia Keys: 30 Crosby Street for $17.95 million Kiefer Sutherland: 763 Geenwich Street for $17.5 million Jennifer Aniston: … Read More

Are Astoria Apartments Becoming Less Affordable?

Remember when apartment-hunters would escape the seemingly overpriced Manhattan market and look for more affordable housing in Astoria? Well, according to some, those days are over. The Daily News published an article yesterday “Astoria no longer a middle-class enclave as housing prices soar.” In that article, the Daily News concluded that “Average sales prices for … Read More

Happy 100th Birthday to 13 NYC Buildings

Apparently 1913 was the “baby boomer” year of New York City buildings because this year we have 13 buildings’ centennial birthdays to celebrate.  Here is a list of 100-year-old landmarks along with a picture of each to give you a sense of New York City during a pre-World War I era: 23 Wall Street or … Read More

When You Need To Rent

When you're hunting for an apartment, you don't have forever. If it's time to move, you need to move fast. At the same time, it would be great if y

When It’s Time To Buy

Hunting for an apartment in NYC can be pure pleasure. We prefer it that way—and so will you. Want a historic building? We’ll steer clear of mod

When You’re Ready to Sell

Time to sell? We'd like to help. We have pricing down to a science. And most of all, we love creating value. We'll consider factor