Condominium listings almost always include square footage, and for good reason– it’s an important part of the property-search process and helps buyers make informed decisions. But a quick dive into property listings will reveal that co-ops very rarely announce square footage in a listing. 

Most buyers want, and often need, to know what the square footage of an apartment is, so why is it so consistently left out? Does this trend mean that square footage isn’t all that important?

Anyone who has bought a home in New York City knows that closing costs can truly add up when closing a deal. These fees cover the costs of getting the mortgage and usually range from 2% to 5% of the home price.

In some cases, you may be able to get the seller to pay for some of these closing costs through seller concessions. Before you close on your mortgage, learn how to use seller concessions to lower your closing costs.

Although mansions in terms of size may come far and few between in New York City, understanding the mansion tax is vital for any potential buyer. For many buyers, the mansion tax tends to be one of the largest closing costs when buying a co-op, condo, or house, and should definitely be considered when looking for a home. 

If you intend to buy a home in New York City, you should understand exactly what the mansion tax is, which properties are subject to the tax, and when to pay this tax. This article will cover all of these details, as well as ways to offset other closing costs.

The New York City real estate market is known for its excitement and dynamism and part of the reason for this is its unique co-op market. Applying for and living in co-ops vary greatly from normal real estate transactions, making it a complex process.

As co-ops make up for 75% of New York City’s apartment buildings, its important that buyers understand how to navigate the co-op world. This article will cover everything you need to know about buying a co-op in New York City, from being approved to making an offer. 

When considering moving to a new space, you may find yourself debating whether you should buy or rent. Specifically in New York City, renting has become the more popular option. However, is it the wiser choice? At SPiRALNY, we don’t think so.

While renting may require less upfront costs, buying an apartment is the better long term decision. Over time, your property will gain value and help you save money, not to mention the pride of owning your own space. Here are a few reasons we at SPiRALNY recommend buying a home, rather than renting.