Entries by Dan Gotlieb

Central Park North and its $150M Improvements

Central Park North and its $150M Improvements One of the greatest things about New York City is Central Park. It has just about everything you could want or ask for in a city park: a carousel, a zoo, ball fields, clay tennis courts, rowboats, restaurants, open lawns, playgrounds, fountains, statues, theaters, a castle, a garden, dirt […]

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State Increases Mansion and Transfer Taxes in New Budget Deal

State Increases Mansion and Transfer Taxes in New Budget Deal The New York State legislature and Governor Cuomo agreed to a state budget deal that created new progressive mansion and transfer taxes for residential real estate purchases and sales.  The changes went into effect on July 1, 2019. The so-called “mansion tax” – perhaps the […]

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Rejection from Co-op Boards

Rejection from Co-op Boards Buyer’s and seller’s real estate agents do everything they can to avoid rejection from co-op boards.  Before accepting an offer, a seller’s broker will scrutinize the buyer’s profile.  They will look at the buyer’s financial profile, including their debt to income ratio and their liquid assets after closing.  The agents will […]

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Getting Home Buyer Rebates with your Real Estate Agent

Real estate agents are allowed under New York State law to give home buyer rebates to their clients.  The New York State Attorney General encourages buyers and brokers to take advantage of commission rebates as noted here. Since 2014, Digs Realty Group has given huge broker commission rebates (over $3.25 million) to its clients.  Digs […]

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Digs Realty 2018 Q3 Newsletter | $2.85MM+ in Rebates

Digs Realty up to 2% of your purchase price cash back at closing Enjoy the Buyer’s Market…While It Lasts The news media continues to report on the dismal state of the NYC residential real estate market for sellers – from Crain’s: “Manhattan Home Prices Fall Again”, from Bloomberg: “NYC Home Sellers Are Cutting Prices Like […]

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The Perils of Price Per Square Foot

The Perils of Price Per Square Foot The NYC real estate market has never been more transparent than it is today.  This is due to the volumes of useful data available on free, user-friendly websites like Streeteasy, ACRIS and GIS Map. With all this data at their fingertips, homebuyers  have never been more well-informed.  With […]

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Digs Realty Q1 2018 Newsletter

Is it Spring yet? The calendar says yes, but it sure doesn’t feel that way.  After two months of fairly icy market activity to start the year, things have started to pick up, and buyers are starting to shake off the cold.  The reality of the new tax law has set in, but uncertainty abounds, […]

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