Blocks & Lots

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What does a property manager do?

A property manager oversees a rental property for the home’s owner. Condos and co-ops employ property managers to make sure the building runs smoothly, manage tenants, and address their concerns. Property managers...

How supertall NYC condos are selling

Supertall NYC condos are symbols of the greatest luxury, sculpting Manhattan’s skyline and attracting the upper crust from both hemispheres. But beneath the sheen of a more than $3B building may lie water damage...

What is a condo reserve study?

A condo reserve study is a document that identifies the life span and cost of repair or replacement for the components that make up a condo. These components include the roof, plumbing, electric, windows, and common...

What is a portfolio loan?

A portfolio loan is when a lender keeps a loan on their books instead of selling it to a third party. For real estate, this means a lender keeps the mortgage instead of pawning it off on a federal insurer such as Fannie...

Bulk condo buying strategies, explained

Bulk condo buying strategies evolve over the life cycle of a new development. As the developer sells more units, they face different incentives when it comes to negotiating with buyers. In this article, we outline the...

Search NYC condos for sale

Sites abound that claim to optimize your search for NYC condos for sale. Identifying the platform with the best resources and user experience can be challenging. We recommend Marketproof, the gold standard in this arena...

What is a recorded sale?

A recorded sale happens when the city recognizes a transfer of ownership and adds it to the public record. This comes after the closing date, when ownership actually passes from seller to buyer and the buyer gets their...