HABITAT
Apartment Owners and Buyers:
Buying a NYC co-op or condo apartment is one of the biggest investments you'll every make. This purchase is more than just buying a home, it's investing in a housing corporation. Articles, here, will help you understand what your investment really means, and how to make a safe one.
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The Co-op/Condo Owner's Manual
Cash-only policies narrow potential buyer market and drive down prices.
In Manhattan, 63.4% of sales in the first quarter were all cash, the third-highest in a decade.
Sales declined, but prices jumped by 18.4% in the first quarter of 2024.
National Association of Realtors settlement will lower broker commissions across the board.
Most are set at 1% or 2% of the sale price, but there's a lot of wiggle room.
Manhattan Co-Op and Condo Sales Drop, Prices Rise a Bit
April 08, 2024
Cash sales accounted for 63% of deals closed, thanks to high interest rates.
In a first, rent-stabilized apartments are converting to affordable co-ops — forever.
Even if inflation continues to cool, shortage of apartments for sale will take years to correct.
Lower broker commissions will mean lower closing costs for co-ops and condos.
Unit-owners learn that $6 million apartments are not immune to construction flaws.
Board Talk
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Habitat Week by Week
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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