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.
Quick answer: A proprietary lease is the contract between a co-op shareholder and the cooperative corporation that governs their right to occupy a specific apartment. It’s the reason co-op buyers are technically shareholders, not property owners — you’re buying shares… Read More
There are many benefits to garden planting in NYC. A garden right in front of our home, with beautiful flowers blooming, is a sight we all want to enjoy. This is why we check for enough space to plant a… Read More
In 2019, the NYC Rent Law underwent significant modifications. We drafted a synthesis of the 145-page bill that passed. Several new laws took effect in New York City following the passage of the “Housing Stability and Tenant Protection Act of… Read More
A smaller home in NYC might equal less worry. Whether 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 real estate downsizing process. Begin… Read More
Buying or selling a property in New York City with an existing tenant is often more challenging than dealing with a vacant unit. It applies primarily to co-op and single-family homes and does not cater to investors. However, buying a… Read More
The story below is factual and accurate: A Broker did not reflect a $5 million real estate offer. I created Nestapple 2 years ago, and I have repeatedly heard, “I don’t like dealing with brokers,” “I’ve had a bad experience… Read More
Photography is an art and can be used as a powerful tool when the time comes to advertise your property. We will list our top 5 reasons for hiring a real estate photographer in NYC. Today, the real estate market… Read More
I decided to write a quick blog post on this concept after we encountered a new term emerging from the Construction Industry’s jargon. Several home buyers using NestApple asked us what a capital contribution fee in NYC is. Sometimes, people… Read More
When buying property, it can feel like a lot is happening all at once. The attorneys finalize the deal, draft and negotiate the contract quickly. Then, the building’s board and management provide various “due diligence” materials. A wealth of publicly available information can… Read More
Dear sellers, while we hope you are sitting on a profit and lots of gains on your equity, you may be surprised at how much you will net after closing costs and taxes. What are the closing costs for sellers… Read More
Simply put, a mortgage contingency clause in NYC real estate ensures the following: Say a buyer wants to buy a home and applies for a loan from a bank. If the buyer fails to obtain a firm commitment for a… Read More
Several concepts are essential to understand when buying an apartment in New York. Calculating Coop post-closing liquidity for a mortgage in NYC is one of them. In summary, it means: after closing, how much money will you have available? It would be… Read More
You finally made it and can see the end in sight. You are hours away from getting the keys to your new place. The final home walkthrough in NYC is one of the last steps in the purchase process, and it serves as the… Read More
NYC’s real estate market is one of the most competitive in the world for home buyers. For example, you think you have found your dream home on StreetEasy and attend the open house only to learn that you are competing… Read More
New development apartments sometimes represent a challenge for buyers. Everything gets brand new, and they often include luxury amenities you can’t find in older buildings. It’s not hard to buy a home. However, buying into a new building development in… Read More