What’s the average flip tax for a condo or co-op in New York City?

… … If you own your apartment youre probably already familiar with the myriad fees that come with buying in New York City … were introduced in the 1970s when a lot of rentstabilized buildings were converted to coops The fee was intended to …

By Celia Young |April 1, 2024 - 2:30PM
Private equity: The biggest NYC landlord you never heard of that’s raising rents

… the US and here in NYC private equitybacked firms have been buying marketrate rental buildings and are also increasing rents to make a profiton a much bigger scale Private equity landlords are not a … private equitybacked owners are now the dominant form of apartment building ownership in the US Last year about half …

By Jennifer White Karp |March 7, 2022 - 9:30AM