Eliza Theiss
Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at [email protected]
2,600-Square-Foot Bed-Stuy Walk-up Heads To Auction
2,675-square-foot three-family walk-up set for auction on November 29, 2018 with a lien of $821,576. The auction is scheduled to take place at 2:30 PM at 224 Brooklyn, New York. The three-family walk-up at 554 Putnam Avenue was purchased in March 1985, but the first mortgage was secured in July 2000 through New Jersey Mortgage…
The Difference Between Tax Abatements and Tax Exemptions
Tax abatements and tax exemptions can be granted to city developers and home buyers to promote development and occupancy rates. While there are similarities, they are two very different programs. What is a tax abatement? A tax abatement is a reduction in property taxes for a specific period of time. It is most commonly applied…
How NYC’s 421a Tax Exemption Is Helping Increase Affordability
In New York City, the 421a tax exemption program has gone through recent changes, but remains in effect to help encourage developers to build affordable multifamily housing. The basics of the 421a tax exemption The 421a exemption is a property tax exemption given to real estate developers. The purpose is to encourage them to build…
Top Most Expensive U.S. Zip Codes in 2018
Editor’s Note: PropertyShark is saddened by the loss of life and property caused by the California wildfires. The article below is simply a presentation of hard data and in no way attempts to ignore the devastation that these areas are experiencing. Key takeaways: Atherton’s 94027 remains the #1 most expensive zip code thanks to a…
Battery Park Condo Heads to Auction for Less than $550,000
695-square foot condo in Battery Park goes to auction November 28, 2018 with a lien of $545,728. The auction will take place at 2:00 PM at 60 Centre Street, New York City. 300 Albany Street Unit 9M was purchased in 2006 for $455,000 with a mortgage taken for $409,000. That mortgage was secured through MERS….
The Big Chill – Why You Should Freeze Your Credit Now That It’s Free
With data breeches affecting everyone from retailers and banks to credit bureaus, it seems like protecting your personal data has never been more important. Thanks to recent changes to the Dodd-Frank act, it is now free for consumers to freeze their credit – one of the most efficient ways to protect against identity theft and fraud….
Bed-Stuy Brownstone On Its Way To The Auction Block
2,001-square-foot single-family home in Bedford-Stuyvesant goes to auction on November 8, 2018 with a lien of more than $750,000. The auction will take place at 2:30 PM at 360 Adams Street, Brooklyn, New York. The 2,001 square-foot single-family home at 757 Monroe Street in Brooklyn was purchased in 2007 for $600,000. The buyer took out…
What Are Common Charges?
In condominium setups, the entire building is commonly owned among those who own individual units. Common charges are designed to cover all the shared costs of amenities and services available in the building. This can include management fees, operating costs, amenities and staff salaries. It does not include taxes, as condo owners receive separate tax…
What Are Maintenance Fees?
Housing cooperatives are membership-based legal entities that own one or more residential buildings. Unlike condominiums and single-family homes, co-ops are not owned outright as real property. Instead, buyers purchase shares within the co-op association and receive exclusive use of a specific unit. Co-op living comes with its own set of peculiarities, among them being maintenance…
Lower East Side Condo Hits the Block with Lien $400K Below Market Value
911-square-foot Nolita Place condo goes to auction on November 11, 2018, with a lien of more than $1.1 million. The auction will take place at 2:00 PM at 60 Center Street, New York City. 199 Bowery #4A, a 911-square foot condo in hip Nolita Place, was purchased in 2006 for $712,775. The owner took out…
26th Floor Luxury Condo in Central Midtown Headed for Halloween Auction
704 square-foot luxury condo in Midtown high-rise goes to auction October 31, 2018 with a lien of $878,217. The auction will take place at 2:00 PM at 60 Center Street, New York City. With Manhattan foreclosures at a record low, Central Midtown’s 117 East 57th Street #26G is a rare sight. Located in 57-story The…
One-Bed NoMad Condo Heads to Auction Again
688-square foot condo located one block from the Empire State Building goes to auction October 31, 2018 with a lien of $952,978. The auction will take place at 2:00 PM at 60 Center Street, New York City. Â 325 5th Avenue #11F was originally purchased for $809,508 back in 2006, with an acquisition mortgage of…
Here Is the Most Expensive Home for Sale in Each State + The District of Columbia
While PropertyShark has a tradition of writing about the most expensive homes for sale by state, we have never before done a nationwide list that includes all fifty states and D.C. For the first time ever, we analyzed active listings from the entire U.S. in order to identify each state’s most expensive home for sale…
The Pros & Cons of Timeshares: Evaluating Shared Vacation Ownership
Thinking about buying into a timeshare? Make sure to explore our comprehensive guide on the pros and cons of timeshares in 2025.
Why Certificates of Occupancy Are Important
A certificate of occupancy is issued by a government agency or a building department. The purpose is to certify that a building is in compliance with building codes and that it is suitable for occupancy. It is issued by local government agencies and the process of certification varies based on the rules of the issuing…
Among Most Expensive Neighborhoods in L.A. Area, Beverly Hills Flats in First Place
Key Takeaways: Beverly Hills Flats becomes the #1 most expensive neighborhood in L.A. area Trousdale takes #2 spot with a median price of $6.3M Hill Section registers 88.5% y-o-y median price growth 8 neighborhoods posted medians above $3M While noticeably cooler than the first half of 2018 and Q3 2017, the top of the L.A….
Two-Bed Condo Set to Hit the Auction Block in Bed-Stuy
920-square foot condo in Bedford-Stuyvesant goes to auction October 4, 2018 with a lien of $486,023. The auction is scheduled for 2:30 at the Kings County Supreme Court, 360 Adams Street, Brooklyn, New York City. Unit G07, a 920-square foot unit in The Kent Building located at 970 Kent Avenue, was purchased in June 2006 for…
What Is a Lien? Understanding Lien Types, Implications & More
The simplest way to define what is a lien is that it’s a legal claim a person or entity has on another’s property as collateral for unpaid debt.
Foreclosure of the Week: Financial District Penthouse Up for Grabs at Auction
368-square-foot penthouse condo unit located in the Financial District goes to auction on October 10, with a lien of $451,098. The auction will take place at 2:15 PM at 60 Center Street, New York City. One of only a handful of Manhattan foreclosures, 20 West St #PH-F was purchased in May 2007 for $465,000. The…
Types of Home Loans & Everything You Need to Know About Them
From VA, USDA, balloon and bridge loans to conventional, conforming mortgages and ARMs, here’s all the loan types you need to know about.