The vast majority of buyers and sellers in New York City use a real estate broker for their transactions. Or do they use a real estate agent? Realtor? Brokerage? These terms are often thrown around interchangeably but represent different parts of the real estate industry and each is a slightly different type of real...Read More

What is the NYS and NYC Transfer Tax? In New York City, a Real Property Transfer Tax (RPTT) is paid on all transfers of real property and co-op shares over $25,000. It also applies when transferring 50% of the ownership in a corporation that owns property. New York State imposes its own transfer tax on...Read More

  New York City real estate owners have seen numerous startling headlines regarding the recent tax changes. Most notably, Moody’s predicted New York County would see the sixth largest price declines in the country due to the cap on state, local and property taxes1. Their estimated 10% decline will surely cause buyers to think twice...Read More