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Smaller Home, Less Worry, But Lots of Work to Get There

Whether you are moving to a small single-family home or getting ready to enter an assisted living center, there are many things to consider before you start the downsizing process. From deciding which of your personal belongings to get rid of to finding the right home for your budget and lifestyle, you have your work […]

Buying & selling an apartment with a tenant

Buying or selling a unit in New York City with an existing tenant in place is often more challenging than selling a vacant unit, especially for co-op and single-family homes that are not catering to investors. The buyer is an owner-occupant and typically does not want a tenant in place post-closing. On the contrary, when […]

Breaking down the NEW MANSION TAXES

It all started a couple of months ago with the record sale of the penthouse at 220 Central Park South. Costly real estate deals are nothing new in NYC but this one woke up a behind-the -scenes discussion that had been happening for a while. Just to give you an idea, this purchase not only […]

TRUE STORY: Broker did not reflect a $5 MILLION DOLLAR OFFER!

Ever since Nestapple was created I’ve been repeatedly told; “I don’t like dealing with brokers”, “I’ve had a bad experience with a broker before“, “All brokers are the same” and so on. I’ve heard it all. My answer has been consistent: there are good and bad brokers like in every profession; our issue is not […]

Hudson Yards: do we really understand what is being built here?

For those of us living in the west side we have witnessed fist hand the massive construction around Hudson Yards. For those of you who don’t go above 23rd Street or have been meditating in India for the past 2 years, Hudson Yards will be largest private real estate development in the United States (and the most expensive ever […]

THE TOP 5 REASONS TO HIRE A REAL ESTATE PHOTOGRAPHER

Photography is an art and can be used as a powerful tool when the time to advertise your property comes. Today, the real estate market being extremely competitive, you need to stand out and market your property the way it deserves it. Not only it will be easier to attract potential buyers, you will save […]

What is the REBNY Financial Statement form?

In this blog post we will answer those questions Is a REBNY financial form required? Why am I supposed to fill it out? What does this REBNY financial form include? When should I fill out the REBNY Financial Statement? Intro: Have you been asked to submit a REBNY financial form with your offer to buy an apartment […]

What is a “capital contribution fee” in NYC real estate?

I decided to write a quick blog post on this concept after we saw this new term emerging from New Construction jargon. Several buyers using NestApple asked us what exactly is a capital contribution fee? Also called “HOA capital contribution fee” After some research we found that a “capital contribution” is a one-time charge normally associated with the transfer of title on a property […]

Do-it-Yourself Real Estate Due Diligence in NYC: the best websites!

When you are buying property, it can feel like so much is happening all at once. Within a very short period of time, the deal is finalized, the contract drafted and negotiated, and various “due diligence” materials are being provided by the building’s board and/or management. There is a wealth of publicly available information that can assist […]

Closing Costs for Sellers in NYC

Dear sellers, while we hope you are sitting on a big profit and lots of gains on your equity, you may be surprised at how much you will actually net after closings costs and taxes. How much do sellers pay in average? Closing costs for sellers can total 8% to 10% of their sale price! Your […]