What’s the average flip tax for a condo or co-op in New York City?

… were introduced in the 1970s when a lot of rentstabilized buildings were converted to coops The fee was intended to … Today they are mostly used to raise revenue for coop buildings instead of increasing maintenance costs or … But a slowdown in deals hasnt encouraged condo and coop boards to ditch their transfer fees and flip taxes Stone …

By Celia Young |April 1, 2024 - 2:30PM
Private equity: The biggest NYC landlord you never heard of that’s raising rents

… Leader Chuck Schumer and New York City Comptroller Brad Lander joined a protest last summer against tenant … … Why officials say good cause legislation is needed … Lander recently emailed constituents to explain his support … tenant simply because they think someone else will pay more Lander writes Most dramatically it would limit rent …

By Jennifer White Karp |March 7, 2022 - 9:30AM
New York City is not such a great place to flip a house, according to a new study

… a houseflipping show youve probably thought at some point I could do that But turning a fixerupper into a money maker isnt as easy as it looks on TV especially in New York City Despite being one of the most expensive real … … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Sell … Improve … flipping … Renovation … New York City …

By Donna M. Airoldi |July 31, 2018 - 3:00PM
Why trying to time the market is a waste of time (and can actually backfire)

… salivated over the storiesthe artist prescient enough to buy a Park Slope townhouse in the 1970s for five digits … post Sex and the City  final form But on the flip side New York viewers all collectively winced on  Mad Men  when a … housing as a stock transaction and that was very liquid you could just flip it etc And I dont think thats really the …

By Virginia K. Smith |May 24, 2016 - 8:59AM
Flip or Flop Update: Have these gutsy sellers managed to find buyers?

… For many New Yorkers a successful flip ​ buying an apartment making … the sellers probably made a decent profit though Amicucci could not release details of the sale price until closing …

By Leigh Kamping-Carder |August 20, 2014 - 9:59AM