The Nest

NestApple's Real Estate Blog

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.

1 month security deposit in new york

NYC security deposit law in 2023

NYC security deposit law remains part of renting an apartment in NYC. Luckily for tenants, New York State laws have changed recently, offering them more rights and protections. Let’s discuss nyc security deposit return law. What is a security deposit?… Read More
August 23, 2020
Renting in NYC
How to Determine If you can Afford to buy a home in NYC

Can You Afford to buy a home in NYC in 2023?

We determine if you can afford a home in NYC by deciding where you want to buy. Then you figure out what mortgage you’ll qualify for. Here’s what you’ll need to know in NYC  real estate market. This works for… Read More
August 22, 2020
Buying in NYC
coop letters do and don't

Co-op recommendation letter sample in for NYC Board package

Good personal and professional recommendation letter samples for Coop and Condo Boards are essential to acing your NYC co-op application package. We will teach you how to write a reference letter with the Do and Don’t. Everyone knows buying a… Read More
August 19, 2020
Buying in NYC
calculate the mortgage tax

The Complete Guide to the NYC Mortgage Recording Tax

 The NYC Mortgage Recording Tax (MRT), a.k a. Mortgage Tax in NYC, equals 1.8% for loans below $500k and 1.925% for mortgages over $500k. As a result, the MRT is the highest buyer closing cost in NYC. Authorities calculate the… Read More
August 16, 2020
Real Estate Taxes in NYC
What is a Bridge Loan to buy a Home in New York

What is a Bridge Loan to buy a Home in New York?

New Yorkers often struggle to get the downpayment when buying a property in New York City. Getting a mortgage isn’t easy. Many options help people get to ownership of an NYC home. The two most significant concerns buyers face when getting… Read More
Buying in NYC Real Estate NYC Selling in NYC
PMI payments in new york

What is a private mortgage insurance on mortgage in NYC?

When you first apply for financing during your real estate purchase, you will hear about many different terms. Along with the various loan types (ARM, conventional, FHA, VA),  you may also listen to whispers about mortgage insurance. If you get… Read More
August 15, 2020
Buying in NYC Real Estate NYC Real Estate Taxes in NYC