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10 Ways To Give Back: Realty Collective Celebrates the Work of Red Hook Dog Rescue

As part of our celebration of the holidays  — and as a thank you to the larger community that supports us all year long — Realty Collective is proud to feature the work of key non-profit organizations making the borough (and beyond) better every day. We’ve selected 10 non-profits to highlight and we encourage everyone […]

What is a sponsor unit?

A special category of apartments in New York City are called “sponsor units.” Basically, asponsor unit in a condo building is a residence that has been owned by the developer and it’sgoing up for sale for the first time. Or in the case of a co-op, it is owned by the original owneror the corporation […]

What is a co-op special assessment in NYC?

A co-op special assessment is an additional, temporary charge levied against shareholders topay for building capital projects or other expenses which are not provisioned for in abuilding’s regular operating budget. A co-op assessment is usually implemented when thereis a specific use of funds in mind, such as the restoration of a building’s facade. Per Share […]

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