Buying for the first time in NYC? Be sure to prep your finances first

… youll ever make and New York Citys complicated real estate market makes the task especially daunting  If youre planning … detrimental when applying for a mortgage There are several ways to address this problem Portfolio lendersbanks that … want the maximum debttoincome ratio to be no more than 43 percent Cohn said The ratio applies not only to a …

By Evelyn Battaglia |January 14, 2026 - 11:30AM
The home loan that lets first-time buyers put as little as 3 percent down

… price towards the down payment Financing a deal like thatwhen the median price for Manhattan coops and condos  is … may need to combine this with other loans Only certain lenders offer SONYMA loans which require additional paperwork If youre using a mortgage broker one who works with

By Evelyn Battaglia |April 22, 2025 - 10:30AM
Hell’s Kitchen tenants rally for a chance to buy their distressed buildings

… to make an offer on their apartment building when its up for sale We are seeing our gentrifying communities being … Island last year for failing to make repairs at two different Washington Heights properties The Hells Kitchen tenants … Myrie has not committed to freezing rents at rentstabilized apartments if elected I grew up in a rentstabilized …

By Celia Young |April 1, 2025 - 12:30PM
The buyer's and seller's guide to NYC closing costs

… Whether youre buying or selling real estate in New York City you face hefty taxes … and may affect your decision to choose one apartment over another So its crucial to understand the big picture before … attorney at The Stone Law Firm Read on for an overview of what youll pay in closing coststhe actual sum will vary …

By Evelyn Battaglia |January 6, 2025 - 10:00AM