April 3, 2020

First and foremost, we wish you and your loved ones good health, renewed positivity, and as much sanity as possible during this challenging time. Our team is here, as always, to answer your real estate questions. We are working overtime with our sales managers, attorneys, lenders, and other partners to understand the regulatory changes for landlords, tenants, and homeowners. We are also closely watching the market and seeing c...

February 14, 2020

An apartment combination is the stuff of lore for many New Yorkers, but if you're one of the lucky few for whom that opportunity may present itself, there are many things to consider before making the offer on your neighbor's apartment. Theoretically, combining two adjacent co-op or condo apartments requires nothing more than removing a kitchen and creating a doorway-sized opening in a wall to join the two units. However, crea...

July 31, 2018

To Airbnb, or not to Airbnb, that is the question.  Before you put your home on Airbnb or buy a property with the intention of listing it for short-term rental, be sure to do your homework and consider speaking to an attorney. As a starting point, here’s a brief overview of some of the regulations and rules that come into play.

Do you rent?

If you are a renter, chances are your lease prohibits subletting or renting without...

July 7, 2018

Many NYC homeowners qualify for some form of tax credit or abatement that reduces their annual property tax burden. Most abatements and exemptions are tied to specific buildings, such as 421A and J-51 abatements. However, The New York State School Tax Relief Program (more commonly known as the STAR Program), is one of the few property tax rebate programs that is not tied to a specific building, and is available to almost all N...

July 5, 2018

When working with buyers, especially those looking at pre-war homes, one of the first questions I ask is when the last Local Law 11 cycle was completed. Local law 11 work, which addresses maintenance to the facade and exterior of a building, is expensive and often cause for a building to levy an assessment (a short term increase in monthly charges paid by owners.)  While most buyers are far more concerned with kitchen renovati...

July 3, 2018

While New York City is recognized around the world for its 20th century skyscraper-filled skyline, it is predominantly a 19th century city, architecturally speaking. Much of New York’s architectural distinction derives from its rowhouses. Often referred to as "brownstones," NYC's rowhouses are, in fact, widely varied and include countless different styles. These standard, narrow, three-to-five story residences which were const...

July 1, 2018

HDFC Co-ops (Housing Development Fund Corporation) are something most New Yorkers are aware of but few fully understand. The idea of Co-op ownership alone can be complicated and the added restrictions most people know HDFCs have for potential buyers and owners can make many unsure exactly what and how they function, and who they are for.

First, let's take a look at the official NYC HPD (Housing & Preservation Department) defini...

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Isil Yildiz Team

 

Compass 

110 5th Avenue

New York, NY 10011

(P) 985-714-4470

isil@compass.com

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Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.