Gonchar Real Estate
917-734-2231
115 Central Park West - Suite 8A
New York, New York 10017
goncharrealestate@gmail.com
The New York Times
I own a co-op in Queens. Recently, I applied for a line of credit with a bank. The co-op board has informed me that once the line of credit is approved by the lender, I have to submit copies of the agreements and my tax return — along with a $250 processing fee and $45 for a credit check.
The Mortgage Press
When a homeowner is refinancing his or her mortgage, it is prudent for a mortgage broker to suggest to a borrower that the existing mortgage be assigned to the new lender to reduce or avoid the New York State mortgage recording tax.
Mega Phone
On July 13, 1996, Governor Pataki signed a bill repealing Article 31-B of the New York State Tax Law. The bill effectively eliminated the NYS Real Property Transfer Gains Tax known as the “Cuomo Tax” on all real estate transfers of $1,000,000 or more effective June 15, 1996.
The New York Times
Q: My co-op board is implementing a flip tax of 1 percent of an apartment’s sale price. The board says it can do this without shareholder approval because a flip tax already exists and it is only increasing the amount.
The New York Times
The Added Hurdle in Co-op Buying. While co-ops are homes in the same sense that houses are, the process of buying a co-op is distinctly different.
The Cooperator
More than 100 board members, residents, and guests recently gathered to hear a workshop seminar on how boards can avoid discriminatory practices when approving applications from prospective purchasers.
The Cooperator
House hunters often spend weeks, months, sometimes even years searching for that perfect place to call home. Finally they find- great space, perfect location, price within the budget.
The New York Times
Local Law 10, passed in New York City in 1980, requires owners of buildings higher than six stories to inspect them once every five years to insure that the facades are structurally safe.
The New York Times
I live in a co-op in Manhattan. My building shut off the water supply one morning because of a pipe emergency in the basement. No notifications was given to tenants and as a result I inadvertently left my water taps in my bathroom in the open position while getting ready for work.
Habitat Article Archive
With the economy on a downswing, more and more condos are finding it’s safer to be cooperative.