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?

… is possible they could require an escrow payment to cover cleaning fees or other costs As a general rule a coop board …

By Celia Young |August 5, 2024 - 10:30AM
nyc condop brooklyn point
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
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Getting Ready
What does 'right of first refusal' mean when you are selling a NYC condo?

… A New York City condo board has limited ways to exercise control over sales in the building unlike a coop board …

By Brick Underground |May 16, 2024 - 2:30PM
New York, NY, USA - December 21, 2015 - Home alone above the former L’ Greta Spa in New York City.
Negotiating + Financing
What's a reverse mortgage—and how common are they in NYC?
By Celia Young |April 2, 2024 - 3:30PM
a row of new york city apartments with trees in front.
Sell
What’s the average flip tax for a condo or co-op in New York City?
By Celia Young |April 1, 2024 - 2:30PM
Close-up view of New York City style apartment buildings with emergency stairs along Mott Street in Chinatown neighborhood of Manhattan, New York, United States.
Troubleshooting
Understanding ‘succession rights,’ a complex issue for rent-regulated tenants

… … Bricktionary … Understanding succession rights a complex issue for rentregulated tenants …

By Celia Young |January 9, 2024 - 11:00AM
Quay Tower landlease condo
Negotiating + Financing
What are land-lease buildings? Are they common in NYC?
By Evelyn Battaglia |December 4, 2023 - 12:30PM
A man looks over several documents and looks concerned.
New Construction + Condos
What is a working capital fund contribution for condos? Are these common in NYC?
By Celia Young |October 9, 2023 - 1:30PM
NYC apartment buildings
Negotiating + Financing
What is a cash-out refinance? Are these done in NYC?
By Emily Myers |September 18, 2023 - 3:00PM