Cryptocurrency & Its Effect on New York City’s Co-op & Condominium Markets
What is cryptocurrency and what are the advantages and disadvantages of buying a New York City luxury co-op or condo with cryptocurrency?
2022 Q1 Foreclosure Report: NYC Records 87 Foreclosures Since End of Moratorium
After the expiration of the foreclosure moratorium, cases are starting to appear in NYC, with Brooklyn claiming 40% of the city’s 87 cases.
Buyers, Sellers & Disclosure in a Post-Pandemic Real Estate Environment
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate. Pardalis…
What You Need to Know About Recent Changes to Co-Ops & Reverse Mortgages in New York
With Assembly Bill 1508 allowing for reverse mortgages for co-op apartments, what changes will this bring when it goes into effect in May 2022?
Hotel Conversions: Striking the Right Balance Between the Public Sector & Private Developers
Increase in hotel-to-multifamily conversions becomes one of the best unintended consequences of the pandemic for the real estate industry.
What Home Buyers & Sellers Need to Know in 2022
Home prices to increase at a slower pace than they did in 2021, but previous years’ ultra-low mortgage rates forecasted to rise.
Gen Z’s Homeownership Dreams Tempered as Affordability Concerns Grow
Surveying Gen Z, Millennial and Gen X on housing reveals that generational expectations have shifted toward a more pessimistic outlook since 2018.
Top 50 Most Expensive NYC Neighborhoods in 2021: NYC Sales & Median Price Hit Highest Figures in 10 Years
35 neighborhoods surpass $1 million median as NYC logs record sales activity and new pricing peaks as pent-up demand drives buying frenzy.
PropertyShark Wins Tech Platform of the Year at 2021 RED Awards
The NYC-based real estate data and research platform picked up the highest recognition in the technology category at the Red Awards gala.
Most Expensive U.S. Zip Codes in 2021: 10 Areas Surpass $4 Million Median Sale Price
Overwhelming majority of 100 most expensive U.S. zip codes surge in pricing, with 10 at $4M+ and an additional 20 going climbing over $3M.
Encroachments: What They Are & What You Can Do About Them
What is an encroachment? An actionable encroachment is the intrusion of a structure or even…
Top 50 Most Expensive NYC Neighborhoods: Hudson Yards & TriBeCa Maintain Top Spots
Sales activity skyrocketed in Q3 2021, while prices, too, were more spread out, but they continued to rise among NYC’s 50 priciest neighborhoods.
Top 50 Most Expensive NYC Neighborhoods: Hudson Yards Returns to Top Spot with $5.7M Median, TriBeCa Follows at $3.25M
As sales activity returned in force in Q2 2021, prices, too, were mostly on the rise among NYC’s 50 priciest neighborhoods.
Changes to the Liability Provisions of the New York Real Estate Transfer Tax
The 2022 fiscal budget bill brings two notable changes to the liability provisions of New York State real estate transfer tax requirements.
Co-op Boards May Have to Explain Rejections Per New Proposed Bill
New legislation set to increase transparency in co-op board decision making.
NYC Suburbs That Drew Homebuyers During COVID-19
Key Takeaways: Home sales dipped in NYC, but increased substantially in many of the city’s…
NYC Multifamily Sales Volume Down 62% in Q1 as Slumping Rents & High Vacancy Rates Exacerbate Prior Slowdown
For the NYC multifamily sector, the downturn brought on by the pandemic was just another hit to an already cooled-down market.
5 Key Medium-Term Factors Shaping Commercial Real Estate in NYC
We Lend CEO Ruben Izgelov examines the most essential factors shaping NYC commercial real estate in 2021 and beyond.
NYC Residential Market in Review: A Year into Pandemic, Sales Are Down 28% but Steadily Returning Since October
After a promising month of sales in July, transactions decreased in August along with the median sale price.
The New Market Tax Credit Program – History & 2021 Revival
The latest relief bill includes several provisions to revitalize the real estate industry, among them tax incentive programs like the NMTC.