While some wondered what the future of NYC would look like, others doubled down and bought condos. According to Marketproof, NYC’s leading real estate data platform, the result was a banner summer for NYC’s...
Author - Marketproof
30 Front Street (Olympia Dumbo)
Olympia Dumbo is the latest new development condominium in Brooklyn’s DUMBO neighborhood. Olympia Dumbo is a luxury condo in DUMBO, Brooklyn. Marketproof analysis reveals that the project, located at 30 Front Street, is...
Marketproof Launches NYC Homeowner Mailing Lists
Seven months into 2021, the NYC real estate market is continuing to show remarkable strength. So, let’s add another tool to help you with prospecting: homeowner mailing listings. Marketproof homeowner lists are great...
Top NYC COVID-era amenity: private outdoor space
In the wake of COVID-19, a pocket of NYC real estate has heated up: new condos with private outdoor space. According to Marketproof New Development research, buyers are paying a premium to get outdoor space. For...
Purchase CEMA: what you need to know
In New York, a CEMA (Consolidation, Extension, and Modification Agreement) is an agreement where a buyer and seller agree to cooperate to save on state taxes. Here’s how a CEMA works: The buyer assumes...
421-g Tax Incentive: Lower Manhattan’s Residential Conversion Program
The 421-g Tax Incentive was an NYC tax incentive program that offered both exemptions and abatements to building owners that converted commercial buildings to residential in downtown Manhattan. The program...
Real Estate Commission Rebates: How They Work
In the US, for better or worse, real estate commissions are negotiated between the listing agent and the seller. You, the buyer, have no say in the commission paid. As a result, some brokers that are will to work for...
Rent to Own an NYC Condo
With unsold condo inventory high in NYC, some sponsors in larger buildings with many units to sell, are offering ‘rent to own’ options to potential buyers. In NYC, rent to own are basically ‘try before you...
What is a Condo Declaration?
A Condo Declaration is a legal document that lays out what common and private spaces were built and who owns them. It details the block and lot, address, unit number, size, square footage, common interest percentage...
Why Now is the Time to Buy an NYC Condo
The pandemic has forced people to question whether now is the right time to look for condos for sale in the densely populated NYC. Yes, NYC has been put to the test: Covid-19, ‘anarchist city‘, record...
