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. 

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. 

The real estate brokerage you work with can be the reason your real estate experience is a breeze- or a disaster. The New York City real estate market is both complex and intense, making it all the more important that you work with a reputable brokerage when buying, selling, or renting. 

SPiRALNY agents have the determination and capability necessary to meet all the needs of our clients, even after the deal is closed. Along with our years of experience in the New York City real estate market, here are a few reasons you should work with a SPiRALNY agent.