At SPiRALNY, we understand that our distinguished clientele, in their quest to navigate the luxury real estate landscape of New York City, may already be familiar with the myriad taxes associated with buying, owning, and selling real estate. They may be aware of the mansion tax, transfer taxes, mortgage recording tax, and property taxes. However, one levy that often surprises many, and particularly co-op buyers, is the ‘flip tax.’ We believe it’s vital for buyers to understand flip taxes as they can considerably affect the financial dynamics of purchasing apartments in NYC.

How many times have buyers told you they are waiting for the crash to happen before they buy or this market is like it was in 2008 before the financial crisis?  I know I have heard that a lot over the past couple years.  

As we look towards the future of the real estate market in New York City, there are several trends and factors that are likely to shape the market in the coming years. In this blog post, we’ll take a closer look at some of the key projections for the NYC real estate market in 2023.

Zoning laws play a critical role in the New York City real estate market. These laws regulate the use and development of land, determining what can be built and where it can be built. In this blog, we will explore the role of zoning laws in the NYC real estate market.

Buying a property in New York City can be a daunting task, especially if you are not familiar with the real estate market in the city. With a high demand for housing and limited inventory, it can be challenging to find the right property at a reasonable price. In this blog, we will cover what you should expect when buying a property in NYC.