Cait Etherington

1 week ago | cityrealty.com | Cait Etherington

If you’re selling a New York City property, there’s a good chance you’ll see a strong return on your initial investment. But before you start planning how to spend your profits or reinvest, it’s important to account for the significant closing costs involved. In NYC, closing costs go beyond brokerage fees and include various transfer taxes.

1 week ago | cityrealty.com | Cait Etherington

New York City condos can be a great investment, which explains why many condo units are owned by individual investors and investment companies. Still, whether you're an investor or a resident owner, yielding a high return will likely rest on timing. So, how soon is too soon to sell a condo recently purchased from a developer? This article explores the key considerations and questions owners should contemplate before putting a nearly new condo on the market in New York City.

2 weeks ago | cityrealty.com | Cait Etherington

When you go on the housing market in New York City, building age will likely be one of your first considerations. After all, nearly all listing sites offer “pre-war” as a search option. While older buildings often deliver a ton of charm, that should never be your sole consideration when buying. After all, while older buildings may get top marks for aesthetics, they often come with other problems. This article surveys the pros and cons of buying in an older building.

2 weeks ago | cityrealty.com | Cait Etherington

As this past week's top transactions show—with the top three sales all taking place in prestigious pre-war cooperatives on the Upper East Side—co-ops remain a highly sought-after option, even amid a wave of amenity-rich new condo developments.

4 weeks ago | cityrealty.com | Cait Etherington

After many years of planning and saving, you’re finally in a position to buy. To be on the safe side, you’ve saved 35 percent of the purchase price. You’ve also ensured that after putting 35 percent down, you will still have substantial savings. After all, in this market, anyone who will be wiped out by a purchase is unlikely to get past a co-op board. Finally, you’ve saved up additional money to cover the cost of closing a deal.