Hi all, hope you’re having a nice start to this Summer! Below is our monthly roundup of articles, content, and resources specifically relevant to NYC Homeowners. Take a look when you have a chance and feel free to reach out if you have any questions. If you’d like to receive our monthly NYC Homeowner Newsletter in […]
Hi all, QHT here with your monthly roundup of articles and information related specifically to NYC Homeowners. Take a look and let us know if you have any questions 🙂 Con Ed Bills may be going up Soon Under a preliminary agreement between the state Department of Public Service, Con Ed and other stakeholders, the […]
The New Interborough Express + NYC Borough Presidents are ready to Build + NYC’s Prohibited Buildings List Banning Short Term Rentals goes Live + 6 NYC Market Factors to consider for Out of Town Owners The New Interborough Express Have you heard of the Interborough Express yet? In short, it’s a large transit project that […]
This month we found 3 pieces of content which we think you’ll find informative or helpful. The first one is an article about the coziest spots in NYC. If you’re like us, you’re probably looking forward to celebrating the holidays and checking out some new spots. This article gives you some good ideas! The second […]
Many homeowners have one big asset in their pocket: real property. They can use that asset to help them financially. Options for tapping home equity are HELOCs, home equity loans, refinances, and reverse mortgages. HELOCs With a home equity line of credit (HELOC), homeowners can borrow money against the equity in their home. Opening a line of […]
Quite a few of our clients are considering selling their Queens’ houses, and if you’re in that same boat, now is a great time to do a little prep work. Here are a few home-improvement tips we recommend to get your house ready now, and sell later: 1. Embrace Spring Cleaning Now is that special […]
If you’re living in America, then you already know about the rising gas prices, rising inflation, and rising energy costs. At this point, you’ve probably already seen your utility bills come in higher than normal. We recently received an email from ConEd with some good tips on how to prepare for rising energy costs and […]
Answer provided by Neil B. GarfinkelREBNY Broker CounselPartner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Question: It is my understanding that the Housing Stability and Tenant Protection Act (“HSTPA”) generally prohibits deregulation of rent stabilized apartments (meaning that a rent stabilized apartment will never become a free-market rate apartment). Does that […]
Hi Friends, hope all is well! This month we have some cool things to share with you 🙂 First, we have a good article on the difference between a basement and a cellar. If you own a home in NYC you may be calling your ground level a basement when indeed it is a cellar. […]
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 […]
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