Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.
Buyers of HDFC cooperatives are not subject to any asset limits. Also, there are no net worth restrictions for purchasers of HDFC apartments in New York City. However, prospective HDFC buyers must adhere to income restrictions at the time of… Read More
The income limits for prospective purchasers of HDFC (Housing Development Fund Corporation) properties are not flexible. While these household income limits can vary from one HDFC to another, each building must consistently apply its designated income limit to all buyers.… Read More
The disadvantages of purchasing an HDFC co-op include financing challenges, high flip taxes, restrictions on subletting, real estate governance issues within the building, and the risk of regulatory changes that could negatively impact HDFC values. Let’s discuss buying an HDFC… Read More
A “Pied-à-Terre” is a French phrase that translates to “a foot on the ground.” We refer to a crash pad in the city, occasionally used by the owner. A Pied-à-Terre is a smaller apartment for weekend stays or a couple… Read More
New York City is chock-full of high-rise buildings lining the streets as far as the eye can see. If you’re a property owner in NYC or looking to buy property, you might have heard of Local Law 11 or the… Read More
Should you renovate your home in New York City before selling it? The answer isn’t clear-cut. What is the cost of renovating an apartment in NYC? On the one hand, renovating your co-op or condo in NYC will sell faster… Read More