A luxurious penthouse condo at One57 that was owned by Nigerian oil tycoon Kola Aluko (who, according to The Daily Beast , reportedly dated supermodel Naomi Campbell, once held a birthday party for actor Leonardo DiCaprio, and rented a y…
The co-op application process is one of rigor and induced anxiety, whereby aspiring shareholders are scrutinized not only for their finances, but their character and demeanor as well. The length of the review varies by association, but it o…
New York City home sales volume (including co-ops, condos, and one- to three-family dwellings) rose to a total of 12,721 in the second quarter of 2017 -- a 15 percent improvement over the same period last year, according to the latest rep…
Residential sales prices for Brooklyn and Queens during the second quarter of 2017 set records over the same period a year ago, reflecting strong activity in those boroughs, according to Douglas Elliman in a new report released today. …
In the world of housing, discrimination is a very sensitive subject. A failure to understand it and abide by the laws could result in a lot of trouble, including for boards and owners at condos and co-ops. Avoiding such missteps involving…
The age-old adage about real estate is that there are three major factors in determining its value: “location, location, location.” While that may or may not be true, and location aside, a smart seller has to price an apartment right to se…
Picture this: You’ve lived in your apartment for 15 years and now you’re ready to move. You love the kitchen you put in when you moved in, but now it’s a little tired. So what do you do? Do you spend the money to renovate and offer yo…
Home sales rarely if ever happen sight-unseen, and condominium and cooperative units are no exception. When purchasing a lived-in space from its previous owner, a buyer may expect to receive certain pertinent information that could impact t…
Imagine if you can actually buy a co-op in New York City and not have to be in front of the building's dreaded board for approval. Well, there is an option for buyers to consider in the form of a sponsor unit. It's a term that you've probab…
You know what they say about The Benjamins: it truly is all about them. When attempting to purchase shares in a co-op or outright buy a condo, a potential buyer's finances are likely to be scrutinized fairly intently. So like a teen spr…