New Airbnb Regulation in NYC

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 […]

Are individual property owners always required to follow the Fair Housing Act?

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: With respect to individual property owners, there are limited circumstances in which they are not required to follow the FHA or New York State Human Rights Law. More specifically, the FHA and New […]

Can an Executor of an Estate Sign a Listing Agreement Upon the Death of the Owner?

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: Yes, if the condominium owner passed away and has a Last Will and Testament (a “Will”), the executor should be able to sign the listing agreement (this also assumes that the condominium was […]

JUST SOLD: 2 family in Bushwick, sold in good conditions..

We just wanted to let you know about a property that we just sold in Bushwick, NY. This one was a 2 family located at 22 Forrest Street (see link below for details). It was listed for $1,195,000, on the market for 120 days, and eventually sold for $1,120,000. The property was in good condition. […]

JUST SOLD: 1 Family in Maspeth, Sold for $7K over asking

We just wanted to let you know about a property that we just sold in Maspeth, NY. This one was a 1-family located at 65-88 58th Avenue (see link below for details). It was listed for $575K, on the market for 42 days, and eventually sold for $582K. The property was in good condition. If […]