Brick Underground

Inaccurate property tax valuations give the least expensive residential properties in New York City an effective tax rate that is three times higher than the most expensive homes, according to a new article from Bloomberg.

Manhattan trailed the region in contract activity since the summer, the report says, but appears to be catching up in the new year. The increase in signed contracts was strongest for co-ops—there were 601 new signed contracts last month, compared to 321 in February 2020.

One of the first areas to address when you are refinancing is whether your New York City co-op building has enough funds for its capital needs. This will determine the size of the loan, says Steven Wagner, a real estate attorney and partner at Wagner, Berkow & Brandt.

Bolster, a NYC design-build firm, shares how you can add Passive House features to a NYC brownstone or townhouse.

This week we are putting the spotlight on Brooklyn in a conversation with Lindsay Barton Barrett, a top broker with Douglas Elliman.

Bolster renovators share what Covid-related hurdles they expect to encounter in 2021.