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What is a sponsor unit? 

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

Talented Agents Who Share Our Passion for Brooklyn Wanted!

During this season we’d like to take a moment and share our appreciation for the Realty Collective team.  Our agents are passionate and creative women and men and we are so grateful to have them!  Would you like to join our team? Are you ready to work in a new environment where you will be encouraged […]

Guarantors Help New York Renters Secure Apartments

When applying for an apartment in New York City it’s a pretty standard request of  landlords that all applicants make an annual earning  of  at least 40 times the rent. If the applicant doesn’t meet that requirement then the applicant can submit an application with the help of a Guarantor. All Guarantors are required to […]

Shortcut to Calculate Approximate Monthly Mortgage Payments

For a while now we have been hosting “Buying into Brooklyn” workshops for first time home buyers with questions. Right by our side has been local loan officer Mark Maimon from Freedom Mortgage and we really can’t say enough nice things about him. He recently shared this shortcut for calculating mortgage payments with us and […]

Ace Your Brooklyn Co-Op Board Application: Reference Letters by Victoria Alexander

Being able to afford a co-op apartment in NYC is only a portion of the purchasing process. No matter how well qualified you are financially before and after buying in a NYC co-op, you still need to prove you are worthy! Part of the typical co-op board application process is presenting the necessary documentation to make […]

Searching For An Investment Property In NYC?

Hello all! It’s Financial Planning Week and we’ve prepared a five-part series of topics that we believe our readers will enjoy. For our fifth topic we’ve decided to dedicate it to our investors. It has become well known that NYC is definitely the place to invest in real estate. This is mostly due to the […]

Estate Planning Tips

Hello All! It’s Financial Planning Week and we’ve prepared a five-part series of topics that we believe our readers will enjoy. Our fourth topic is geared to our Landlords –  for most property owners, a home is among their most valuable possessions and is an investment of their time and money. In honor of that […]

Closing Cost in NYC

Hello all! It’s Financial Planning Week and we’ve prepared a five-part series of topics that we believe our readers will enjoy. This third topic is geared to our sellers did you know that closing cost in NYC can make or break the decision of a buyer by impacting their choice on whether they should buy […]

What Are Some Difference Between Rent vs Buy

Hello all! It’s Financial Planning Week and we’ve prepared a five-part series of topics that we believe our readers will enjoy. Our second topic is geared to our Buyers and the major differences that exist between renting vs buying and how one might be a better option for over the other. Check out this article […]

Do You Need Renters Insurance?

Hello all! It’s Financial Planning Week and we’ve prepared a five-part series of topics that we believe our readers will enjoy. This first topic is geared to our renters, did you know that there is a possibility you are liable to cover any damages that occur to your personal belongings in the case of a […]