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

… already familiar with the myriad fees that come with buying in New York City But theres one more cost you should … were converted to coops The fee was intended to discourage buyers from flipping apartments buying and then selling the units to make a quick profit  …

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 … buildings for $23 millionsaid renters have the option to buy their unitsor move out At least 28 tenants have open …

By Jennifer White Karp |March 7, 2022 - 9:30AM
Can you still make money flipping an apartment in NYC?

… flippers have a hard time finding apartments they can buy on the cheap to say nothing of steep  closing … challenge when it comes time to sell Sales are slowing as buyers try to wait out some of the markets uncertainty … principal of  Elika Real Estate a firm that works with buyers He points to the need for market momentum and broad …

By Emily Myers |July 1, 2019 - 10:00AM
New York City is not such a great place to flip a house, according to a new study

… … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Sell … Improve … flipping … Renovation … New York City …

By Donna M. Airoldi |July 31, 2018 - 3:00PM
Why trying to time the market is a waste of time (and can actually backfire)

… salivated over the storiesthe artist prescient enough to buy a Park Slope townhouse in the 1970s for five digits … with the idea that we somehow have the foresight to buy when the markets at a low point and sell  just  before a peak starts leveling off Unless you buy at the very day the markets at a low point and sell on …

By Virginia K. Smith |May 24, 2016 - 8:59AM
Secrets of a 27-year-old condo flipper

… condo building on Riverside Boulevard My parents would buy  preconstruction live in the apartment for two years … on an opportunity that we could afford We took the risk of buying something together when we werent married yet but … but it wasnt renting at the price we wanted Then we got a buyer for our condo in Battery Park City and said OK well …

By Bernard Klein |December 30, 2015 - 12:24PM
As it gets more expensive by the minute, what's next for Bushwick?

… as crazy as they seem       … Live … Neighborhood Intel … Buy … Sales Market … Rent … The Market … Bushwick … buying … flipping … gentrification … neighborhoods … renting …

By Lucy Cohen Blatter |March 24, 2015 - 12:59PM