Step by Step Guide on How to Challenge your NYC Property Tax Assessment

If you’re an NYC homeowner, then you know that your annual Notice of Property Value (NOPV) comes out around February. In this NOPV, it indicates your property’s estimated market value and tax assessed value for the upcoming year. In the NOPV, it gives you instructions on how to challenge your assessment, if you disagree with […]

What is a Title Company and what do they Do in Queens NYC? 

We meet with home buyers and sellers every day, and one of the things that many people don’t understand clearly are title companies, title insurance, and how they affect them during the sale/purchase of a property. So, here is a quick primer on Title Companies, what they are, and what they do. If you have […]

Can a Coop Board reject the sale of a Unit because the Price is too Low? 

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: In many circumstances, a co-op board may reject a prospective purchaser because the price of the co-op apartment is too low. The By-Laws of most co-ops give the co-op board the right to withhold […]

FAQs regarding Buyer Representation in Queens & NYC

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 […]

What should I know about Buying a Coop in a Land Lease Building?

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

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 […]

JUST SOLD: MULTI-FAMILY IN E. ELMHURST, SOLD IN 25 DAYS IN GOOD CONDITIONS…

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. […]