An underlying permanent mortgage (UPM) is a commercial loan, not a residential loan like your co-op mortgage. As such, it carries additional and different terms and conditions than a residential mortgage. When selecting a mortgage for your…
As much as a prudent, conscientious board may try to keep a lid on expenditures, sometimes shelling out is unavoidable. When it comes to legal costs though, 'shelling out' can often result in a bad case of sticker shock. In this clip, legal…
A Fifth Avenue co-op that went on the market a few years ago for $120 million has now finally sold – but only at a fraction of that price According to The Wall Street Journal , the 12,000-square-foot, seven-bedroom duplex that once be…
Legendary singer and actress Bette Midler is looking to decamp to a smaller apartment in Manhattan, which is why she and her husband are putting their large Upper East Side penthouse up for sale. The New York Times reported that Midler…
A Mitchell-Lama co-op in East Flatbush has been the scene of a legal drama concerning its board and allegations of poor living conditions, despite scoring an $11 million state loan for needed repairs. According to an article in The CITY …
The Manhattan residential luxury market found itself on the upswing for a change, with two condominiums entering into contracts worth $10 million or more, according to Mansion Global citing Olshan Realty's latest report . For the …
Securing the safety of residents and their personal property is one of a condo, co-op, or HOA board's most important duties. In this clip, two security pros reveal the biggest blunders they see board-management teams make, and give some ins…
Over the past few years, millennials (generally regarded as those born between 1981 and 1996) have become the largest and most important demographic group for marketing products and services – including homes. What separates millennials fro…
Donald Trump's signature New York hotel and tower could undergo a change in signage, after other buildings in the city have removed their signs that read 'Trump' ever since the 2016 U.S. presidential election. The New York Times r…
A co-op in the Homecrest section of Brooklyn leads among New York City residential buildings with the most elevator 311 complaints in the last year, Curbed reported. The list published by the home search website Localize.city co…