What is a mortgage recording tax? Are there ways to reduce it?

Buying a coop condo or house in New York City means you can expect to pay several hefty fees and taxes as part of your closing … 2024 We are presenting it again in case you missed it … How is mortgage recording tax calculated … This tax is …

By Brick Underground |February 18, 2025 - 12:30PM
What exactly is the 'AMI' that's used to determine affordable housing rents?

… or AMI defines the median incomes for households of different sizes within a certain geography The Department of … which critics say artificially inflates AMI and as a result rentstabilized rents The AMI for a single person in NYC is $108700 this year and that amount increases if you live with …

By Celia Young |October 22, 2024 - 9:30AM