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

… When you are buying in New York City a good strategy for beating the … they can move out that could mean entering into a postclosing possession agreement which allows a seller to remain … parties different rights  A tenant has many more rights in NYC and New York State and any eviction proceeding would …

By Brick Underground |July 16, 2025 - 12:30PM
Mansion or not, you can't escape the so-called mansion tax

Buying in New York City means paying painful extra costs but … its fair to say $1 million no longer buys you a mansion in NYCfor that amount buyers are more likely to end up with a one bedroomso its a closing cost that is shouldered by many buyers The mansion …

By Jennifer White Karp |April 14, 2025 - 10:00AM
Closing credits: Here's how much NYC sellers are paying now—and how to negotiate your own deal sweetener

… One way to think of a closing credit is a quiet discountbecause the buyer gets a concession from the seller at the closing table and it is not publicly recorded … in the comps A closing cost guide for buyers and sellers in NYC  When you buy or sell in NYC you expect to pay various …

By Evelyn Battaglia |January 31, 2024 - 3:30PM