How to read a NYC co-op or condo building’s financial statement

… accepted accounting principles every financial statement should include a balance sheet assetsliabilitiesequity … questions to dig into When is the mortgage due  Is the current loan interest only which means the entire principal … term of the lease  Has the commercial tenant been paying rent During Covid many retail tenants and parking operators …

By Emily Myers |February 22, 2023 - 3:30PM
How much do NYC sellers pay for closing costs?

… Unless youve sold an apartment or townhouse in New York City in the … past you may be shocked by how big a bite closing costs can take out of your profit  Most experts advise allocating … fee shakeup   My recommendation for a seller who wants to negotiate a broker commission is to speak withinterview a

By Evelyn Battaglia |January 9, 2023 - 12:30PM
Can you negotiate the rate and terms of your mortgage when you're buying in NYC?

… to wonder if a buyer has leverage when it comes to the terms and rate of a mortgage The answer is Sort of Mortgage … future uncertain its currently difficult to negotiate the terms of a loan from an individual institution says Pat … claims of discrimination that could arise if different terms are offered to borrowers who present the same level of …

By Emily Myers |December 19, 2022 - 9:30AM