Bricktionary

construction workers standing on a street in New York

Affordable Housing

What is a 'major capital improvement' and how does it affect the rent?

By Celia Young |September 11, 2024 - 10:30AM

Aerial shot of Manhattan, New York City, taken from above the Upper West Side on a sunny afternoon in summer.

Negotiations + Closings

What is a post-closing possession agreement and what are the risks for buyers and sellers?

By Celia Young |August 5, 2024 - 10:30AM

The Search

What does 'net effective rent' mean? Here's how to calculate your real monthly rent

By Jennifer White Karp |July 16, 2024 - 9:30AM

Sales Market

What’s a condop? What do I need to know about buying or selling one in NYC?

By Evelyn Battaglia |June 20, 2024 - 12:30PM

Negotiating + Financing

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 … closing costs for coops are much lower than condos … A CEMA or mortgage assignment reduces your payment … One way … … Buy … Negotiating + Financing … Bricktionary … buying … closing … Co-ops … condos … mortgage …

By Brick Underground |June 12, 2024 - 9:30AM

Getting Ready

What does 'right of first refusal' mean when you are selling a NYC condo?

By Brick Underground |May 16, 2024 - 2:30PM

Image of a set of buildings in New York City

Sales Market

What is a pied-à-terre? What makes it different from a typical NYC apartment?

By Evelyn Battaglia |May 2, 2024 - 12:30PM

Negotiating + Financing

What is a CEMA loan, and when does it make sense to get one?

… their mortgage In some unique cases it is also available to buyers Why do owners and buyers use a CEMA Its a … want to do everything you can not to pay it again she says What are CEMA loans and when they make sense How they work … If you borrow more than $500000 you pay 1925 percent A closing cost guide for buyers and sellers in NYC When you …