Homes in New York and other parts of the United States are selling like hotcakes these days. In fact, research shows that, on average, they sold in only 54 days. In addition, the median listing price in residential real estate transactions was $299,000. The high...
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Real estate transactions involving leases can be dramatic in NYC
The commercial property landscape in New York will soon become livelier. After all, a live theater studio recently signed a lease that is set to last 15 years off of Broadway. This is one of the most dramatic real estate transactions involving leases to occur recently...
Can your mortgage preapproval amount change?
When lenders preapprove you for a mortgage, they draw upon factors such as your credit score, income and expenses to determine the amount you qualify for. However, a situation that pops up for some buyers right before closing is this: The preapproval amount does not...
Life science companies may complete more real estate transactions
Commercial space spanning nearly two million square feet in New York City is currently dedicated to the life science field, and all of this space is occupied. This is a sign that this industry is growing quickly in the Big Apple. In fact, New York is bracing itself...
New York real estate transactions may involve office condos
An office condominium was recently sold in New York City for $596 million. Apparently, Wells Fargo lent a total of $345 million to finance this real estate acquisition. These types of commercial real estate transactions can easily be lucrative for sellers in the short...
More homebuyers may complete real estate transactions this summer
The coming summer season may offer something that many would-be homebuyers are eager to see -- more homes for sale. Research shows that the declines in inventory experienced in recent years are beginning to lose their momentum. This may be exciting news, especially...
Fair Labor Standards Act (FLSA) addresses tipped workers
Federal wage-related legislation is in place for tipped workers, including valets and bartenders, for example. It is known as the Fair Labor Standards Act (FLSA). Here is a look at what employees in New York should know about this act and how it impacts their working...
Crowdfunding may help with residential real estate transactions
Crowdfunding is an in-demand tool for paying for various ventures in New York and elsewhere these days. However, recently, this technology has become increasingly popular among aspiring homebuyers. They are using crowdfunding to help them in their residential real...
Technology to positively impact real estate transactions
The commercial property world in New York and elsewhere is not typically known for being technologically advanced. However, this is changing slowly among the players involved in commercial real estate transactions today. Specifically, technology is making it easier...
Tipped employees have different rules in NY
If you are new to working as a server or bartender in New York or previously worked in a tipped position in one of the few states that pays the full minimum wage for tipped employees, you may have been unpleasantly surprised to find a significant cut to your hourly...

