For the IRS, IRC section 164(a) (1) allows taxpayers to deduct real property taxes paid or accrued during the taxable year. In the case of a co-op, this section permits the corporation to deduct real estate taxes it pays relating to the houses or apartment building it owns. IRC ...
According to New York real estate attorney Adam Stone, a co-op has lower closing costs. In the example cited above for a condo, which had over $32,000 in costs, a co-op just has the $10,000 mansion tax. The substantial difference is due to the fact that the condo isreal property,...
PWGSC CHAMPIONS REAL ESTATE CO-OP PROGRAM.The article discusses the Accredited Appraiser Canadian Institute (AACI) designation through the Post Graduate Certificate in Valuation (PGCV) program championed by the Real Estate Advisor for Accomodation and Portfolio Management at Public Works and Government ...
310 Co-Op Avenue, Oliver, BC is a luxury real estate listing for Sale by MarketWatch powered by Mansion Global. View information and photos of this property.
Leading residential real-estate brokerage firm, specializing in the sale and leasing of properties in Riverdale, New York City.
Leading residential real-estate brokerage firm, specializing in the sale and leasing of properties in Riverdale, New York City.
With so many condo and co-op units on the market, it makes sense for anyhomebuyersto give them a look. But what’s the difference between them, and which is right for you? The Central Park Tower, center, is under construction, Tuesday, Sept. 17, 2019 in New York. At 1550 feet (...
The seller pays the buyer agent Co-op/commission. Usually, the payment comes from the seller’s profit after they have closed the sale. Due to antitrust problems, there is no fixed commission percentage in real estate. The rates may increase from state to state or decrease. For example, ...
Usually, Zendel adds, about 60 percent of a co-op’s budget goes to three things: debt service, payroll, and real estate taxes. In some cases, boards employ a special assessment to gather cash for the capital reserve fund, but it’s not as tough for residents to accept, because they...
“Bid-rigging and kickbacks have obviously been a way of life for many years in the residential real estate industry. But, by violating their positions as managing agents, building superintendents, and co-op board members to divert tenant funds into their own pockets, the defendants siphoned ...