Answers provided by Neil B. Garfinkel, REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP FAQs: Q: Is a buyer always entitled to be represented in a transaction?A: Yes, the New York State Department of State (“DOS”) has consistently stated that a buyer always has a right to be represented in […]
Answer provided by Neil B. Garfinkel, REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Answer: If a co-op building has a Ground Lease (also known as a Land Lease), it means that the co-op corporation does not own the land under the building. Rather, the co-op corporation leases […]
Queens Real Estate Market Report: Q4 2021 + 2022 Outlook, courtesy of the Queens Home Team at Keller Williams Realty Landmark II. Have a question? Contact Us Data Source: https://www.queenshometeam.com/wp-content/uploads/2022/01/Queens-Real-Estate-Market-Report_Q4-2021.pdf Market Snapshot Happy New Year from QHT! We’re back at it and already back in the field meeting with homeowners and home buyers. 2021 is […]
Answer provided by Neil B. Garfinkel REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Question: After Submitting a Board Package, is it Legal for a Coop to request that Additional Maintenance be Held in Escrow? Answer: Yes, a cooperative corporation (“co-op”) may request extra maintenance […]
Answer provided by Neil B. Garfinkel, REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Answer: The Housing Stability and Tenant Protection Act of 2019 (“HSTPA”) created a specific time frame and procedure for landlords to follow when returning a tenant’s security deposit at the end of a lease term. […]
We just wanted to let you know about a property that we just sold in E. Elmhurst, NY. This one was a multi-family located at 32-30 96th Street (see link below for details). It was listed for $1,225,000, on the market for 25 days, and eventually sold for $1,200,000. The property was in good condition. […]
We just wanted to let you know about a property that we just sold in Corona, NY. This one was a 1-bedroom condo located at 105-09 Otis Avenue Unit 2B (see link below for details). It was listed for $359K, on the market for 21 days, and eventually sold for $345K. The property was in […]
We just wanted to let you know about a property that we just sold in Elmont, NY. This one was a single family located at 71 Cerenzia Boulevard (see link below for details). (https://gravityhair.com/) It was listed for $625K, on the market for 117 days, and eventually sold for $615K. The property was in good […]
We just wanted to let you know about a property that we just sold in Forest Hills, NY. This one was a 2-bedroom coop located at 110-11 72nd Avenue Unit 2D (see link below for details). It was listed for $475K on the market for 166 days, and eventually sold for $419K. The property was […]
Registration for Short-Term Rentals, Including Airbnb Currently, short-term rentals such as Airbnb and VRBO are only able to operate legally if a unit’s owner or tenant are present for their renter’s stay and provided that the short-term renter can utilize the entire unit. As a result of this legislation, legal short-term rentals will now be […]
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