5 Important Things a Non-US Citizen Should Know Before Buying an Apartment in NYC

NYC real estate attorney Adam Turk shares some valuable insights about the most important things a non-U.S. citizen should know before buying an apartment in New York City.

Simple mistakes made when buying a property in NYC can potentially cost a foreign buyer thousands of dollars. With the right team helping you with your NYC property purchase, the process will be much easier and possibly save you a lot of problems.

Buying VS Renting in NYC

Whether you should buy or rent in NYC depends upon how much money you have, what building you are buying into, and how long you plan to own the property.

StreetEasy developed a “tipping point” metric that approximates the number of years it would take for the costs of owning a home to equal the costs of renting a comparable one in the same area.

The Difference Between Buying a Condo & Co-op in NYC—Explained in Inches

Many are surprised by the amount of paperwork it takes to purchase a co-op or condominium apartment in New York City.

As a real estate broker in Manhattan for over 17 years, I’ve put together numerous condo and co-op purchase applications. Recently I photographed some of the applications and the pictures show a major difference between buying a co-op or condo apartment.

The Top 5 Best New Developments in Downtown Manhattan

The Top 5 new developments located in Downtown Manhattan’s best neighborhoods—West Chelsea, Flatiron, Soho, Tribeca and the West Village.