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Property Tax Exemptions for Veterans in NY
To recognize the sacrifices of military veterans and their families, certain government agencies offer various benefits to these individuals. New York State offers veterans various property tax exemptions. Here is a quick overview of these specific benefits. Eligible...
What’s Next for the NY Residential Market?
The headlines have been everywhere: "New York City real estate is experiencing a downturn." That may be so, but buyers have the advantage in 2019 to purchase a new home because inventory is up, and they have the bargaining power. NYC is already saturated with for sale...
Addressing Misconceptions within NY Real Estate
As a highly active and iconic market, New York is one of the strongest and busiest real estate locations in the country; this is no secret, given its many alluring characteristics to tenants and property owners alike. Still, however, the market’s reputation has not...
What is Causing the Shelter Problem in NYC?
With a national housing shortage causing both home and rental prices to shoot through the roof, it should be no surprise that homelessness is also on the rise. In many cases, even people who are employed full-time can't afford rent, or find housing in the same area as...
New Trends in NY’s Commercial Real Estate Market
New York stands as one of the most active real estate markets in the United States, and with this in mind, it is unsurprising that it remains poised for additional change in 2019’s latter months. From shifts in financing to developments in competitive incentives for...
The Bronx: The Hot Market in New York Real Estate
When people hear of the Bronx, they think of a “rough” borough of New York. Yes, it was entrenched in urban blight in the 1970s, but the Bronx has come a long way. Since 2010, the borough has experienced a steady climb in housing costs and development. In the past...
The Opportunity Zone Program in New York State
The Opportunity Zones program is a new economic development tool that is still in the process of being set up. In fact, the Treasury department only released the first set of rules on October 19, 2018. It arises from the Tax Cuts and Job Acts of 2017. The program...
How Bronx Real Estate Has Changed since the 90s
One of the last holdouts for affordable real estate anywhere in the New York City metro area has historically been the Bronx. Made famous as the birthplace of hip hop and the on-scene filming location for gritty Spike Lee joints, the Bronx has long had the reputation...
A Closer Look At Real Estate In The Bronx
Though the Bronx has suffered in the real estate game from abandonment and unused lots, that reality has been changing in recent years. With new incentives and public demand, buildings that sat empty and unused have now been replaced with constructions that are...
A Brief History Of New York’s Real Estate Market
In the past century, the New York City real estate market has seen significant fluctuation. With the emergence of apartment complexes, new legislation, and financial disrepair, the market was forced to adapt to demands and challenges over time. 1910s With the dawning...